The Australian government has approved the development of HumeLink, an almost AU$5 billion (US$3.1 billion) energy transmission project that will unlock the 350GWh Snowy 2.0 pumped hydro energy storage (PHES) expansion.

Australia has signed climate action and renewabele energy partnerships with India and the UK, which both include energy storage.

The Australian Energy Regulator (AER) said increased energy storage capacity will be essential to manage daily and seasonal variations in output on the National Electricity Market (NEM).

UK utility SSE’s renewable energy arm has started constructing a 320MW/640MWh battery energy storage system (BESS) in North Yorkshire. When completed, it will be one of the country’s largest.

Fluence Energy GmbH, a subsidiary of battery storage system integrator Fluence, will provide solutions for Germany’s largest solar-plus-storage project.

The Clean Energy Council (CEC) of Australia has revealed that six large-scale energy storage projects totalling 573MW/2,047MWh reached financial commitment in the second quarter of 2024.

NHOA Energy’s EBITDA for H1 2023 dropped by 38.8% year-on-year to €1.11 million (US$1.23 million) but the company expected the EBITDA for 2023 to reach up to €10 million.

US utility company Xcel Energy has received approval from Minnesota state regulators to build a 1GWh project in the state using Form Energy’s iron-air battery storage technology.

Wärtsilä’s battery energy storage system (BESS) product Gridsolv Quantum has achieved the “best possible outcome” in UL9540A testing.

A total of 16GW was added last year, equivalent to a 68% of year-on-year growth.