This week’s TOP 5 includes the conclusion of an in-depth analysis led by Australia’s energy market operator showing the need for 15 GW of storage by 2040, the European Commission’s dedication of €132 million to the development of next-gen batteries in Europe, a Stem/Syncarpha Capital announcement of five projects totalling 28.2 MW/28.2 MWh of storage alongside 26 MW of solar, the results of a North Carolina State University report setting path for 5 GW of battery storage by 2030 in its home state and Long Island’s new $55 million funding for commercial energy storage and residential solar-plus-storage systems.
  1. The Australian Energy Market Operator (AEMO) predicts the need for 15 GW of storage by 2040.
  2. The European Commission will be investing €132 million to support European battery production.
  3. A Stem/Syncarpha Capital partnership set to build five solar-plus-storage projects totalling 28.2 MW/28.2 MWh of storage alongside a 26-MW solar portfolio in Massachusetts.
  4. North Carolina could be the home of 5 GW of Li-ion battery storage by 2030.
  5. Long Island’s commercial energy storage systems and residential solar-plus-storage ones will be eligible for an up to $250 incentive per kWh of storage.