Energy storage news - July 16th, 2021

This week’s TOP 5 features news about the acquisition of solar-plus-storage projects by Enel Green Power, the development of a 100MW energy storage project in Western Australia, a £150 million investment in an energy storage company in the UK, the US Department of Energy's new cost reduction target for long-duration energy storage and National Grid's announcements on future storage needs in the United Kingdom.

  1. Enel Green Power has acquired 24 development-stage solar projects in the US, including 450 MW of storage capacity tied to some of them.
  2. Synergy will develop a 100MW/200MWh energy storage system in Western Australia.
  3. Investment fund GLIL Infrastructure has invested £150 million into Flexion Energy which is aiming to build 1 GW of energy storage in the UK over five years.
  4. US Department of Energy has set a 90% cost reduction target by 2030 for long-duration energy storage.
  5. National Grid announces that the UK could need 13GW of energy storage by 2030 to enable a net-zero future.