Adding well-optimised energy storage to solar PV projects in the US state of Massachusetts can increase project revenues by up to 50%, Stem Inc has claimed, as the energy storage provider announced the completion of a front-of-meter solar project with 8MWh of storage.

UK battery asset developer Zenobe Energy has signed an optimisation agreement with EDF for 59MW of battery storage.

Industry voices in the UK have said that electricity market activity during the COVID-19 pandemic shows that the network will become prohibitively expensive and possibly unmanageable without the further rapid deployment of energy storage.

Developer Agilitas Energy, which won a competitive solicitation to implement a non-wires solution to help an overworked substation for utility Con Edison (Coned) in New York said it has picked a site for its energy storage project.

Two grid-scale battery energy storage projects, one just completed in Texas and one just announced in California, give an indication of the growing market opportunities in the US’ regional grid operators’ service areas.

UK-based stock exchange listed investor Gresham House Energy Storage Fund has conditionally agreed to acquire a 50MW battery storage project.

This week’s news-in-brief stories come from across Solar Media’s publishing channels.

UK-based Gresham House Energy Storage Fund has sealed the deal on its latest battery optimisation agreement.

Developer NRStor and technology provider Hydrostor have completed work on a multi-megawatt, commercial, advanced compressed air energy storage (A-CAES) system in Canada.

News in brief from around the world in the energy storage industry.