The European Commission is targeting 90% renewable electricity by 2040 in the EU and sees energy storage as one of several key areas of investment to get there, according to a leaked draft.
Financial commitments into utility-scale battery storage in Australia plummeted to just 13MW in Q3, although roughly ten times as much large-scale storage in megawatts have been commissioned so far this year compared to last.
Amp Energy has made a grid connection agreement for a large-scale battery storage project in South Australia which has been welcomed by ministers in the state’s government.
Senators in Maine are considering legislation to accelerate energy storage development, including a focus on who is allowed to own resources placed on transmission and distribution grids.
The UK’s battery energy storage market will grow to 24GW by the end of the decade and account for almost 9% of all global capacity installations, energy research firm Rystad Energy said.