As India’s Union government prepares the fiscal year 2024-2025 budget for its unveiling, trade group India Energy Storage Alliance (IESA) has offered some recommendations to support the technology.

Compressed air energy storage (CAES) firm Corre Energy has agreed an offtake and co-investment deal with utility Eneco for a project in Germany.

This Friday Briefing looks at some big new projects already announced this year and the new BloombergNEF Tier-1 BESS list.

Developer and operator Strata Clean Energy has started construction on its 255MW/1,020MWh Scatter Wash BESS project in Arizona, US.

Panama has launched a 500MW tender auction for renewables and energy storage, the first in Central America to include storage.

Europe-based sodium-ion battery technology firms Tiamat and Altris have secured a total of €29 million (US$31.5 million) in new funding, from a fundraise round and the Swedish state respectively.

SK Gas and SK D&D, two companies in the South Korean SK Group conglomerate, have entered a joint venture (JV) for the ownership of energy storage facilities in the US with Apex Clean Energy.

The government of Turkey, currently processing applications for large-scale energy storage facilities at renewable energy plants, will raise import duties for lithium iron phosphate (LFP) battery products.

We hear from UK battery storage developer-operators and long-duration energy storage (LDES) technology firms on the government’s recently-released LDES consultation, which has proposed a cap and floor scheme to kickstart investment.

BloombergNEF has launched its Energy Storage Tier 1 list of providers, noting growth in new players from the China market.