The Italian grid-scale energy storage market is set to become one of the most active in Europe in the next few years having been close to non-existent until now.
Two 5MW/10MWh battery storage units have entered commercial operation in Vermont, US, owned by Strata Clean Energy, deployed by LS Energy Solutions, and financed using the new investment tax credit (ITC).
The Investment Management Corporation of Ontario (IMCO) has bought convertible notes worth US$400 million in European lithium-ion gigafactory firm Northvolt.
The US National Renewable Energy Laboratory (NREL) has updated its long-term battery energy storage system (BESS) costs through to 2050, with costs potentially halving over this decade.
Vertically integrated US energy storage company Kore Power has received a conditional commitment from the US Department of Energy (DOE) for a $850 million loan for its Arizona gigafactory.
Dutch utility Eneco is planning a 50MW/200MWh battery storage project in Belgium for commissioning next year, and called for more policy action on storage from its own government in the Netherlands.
Investors Harmony Energy and JLEN have energised battery storage projects in the UK, while the government is considering a VAT exemption for home battery storage.
Norwegian ‘smart battery’ firm Hagal and China-based lithium-ion battery manufacturer Cospowers Technology have partnered to offer an energy storage solution.
