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35 bcm of annual EU natural gas demand could be cut by electrifying low-temperature industrial heat and steam with renewables, the IEA says, with thermal energy storage as a core requirement.
Finland emerges as the Nordic region's busiest BESS market, with acquisition, construction and optimisation activity from Usva Energia, Nala Renewables, Centrica and Olana Energy.
ECB chief economist Philip Lane said demand destruction is muting the impact of energy prices on inflation.
South Korea's Ministry of Climate, Energy and Environment unveiled its KRW1,000 trillion K-GX industrial strategy. The plan targets green industrial transformation with a focus on energy storage and related sectors.
An 800MWh battery energy storage system near Kojonup has received planning approval for Mint Renewables in Western Australia.
American oil refiners are reporting elevated profits as wars reduce global energy supplies. The squeeze has tightened crude availability and lifted margins at U.S. facilities.
Kelsey Kuan of Star Trade says AI forecasting and energy storage scheduling have become essential for green power sellers as major tech firms face excess renewable output.
Marinus Link held its sod turning ceremony in North West Tasmania, marking the start of expanded construction on the interconnector. The project advances the state's Battery of the Nation plan.