News from the energy storage sector
News from the energy storage sector
Energy storage industry sees 117% increase in corporate
Storage deal volume reached $15.4 billion in the six months ending June 30, but funding for smart grid companies dropped 11% from the year-earlier period to $1.8 billion, Mercom Capital Group said.
CIBF2025 to Unveil Breakthroughs Shaping the Future of Energy Storage
China''s lithium battery industry achieved landmark growth in 2024, with total output surging 24% year on year to 1,170GWh and industry valuation exceeding 1.2 trillion yuan. The
Energy storage sector corporate funding at all
Around 3GW of standalone energy storage and solar-plus-storage acquisitions were publicly announced in 2021, which became 14.6GW in 2022. Meanwhile 28 energy storage companies were involved in merger and
Storage & Smart Power''s Year in Review 2024
Energy storage and energy density: an EPC''s view. 31 January 2024. Ben Echeverria, energy storage regulations & compliance, Josh Tucker, engineering manager, Burns & McDonnell. Energy density is becoming a key
"Battery energy storage market in India is on the
The battery energy storage sector is undergoing a fascinating transformation, and what excites me the most is the emergence of new technologies beyond the dominance of lithium-ion. While lithium-ion batteries
Latest updates on energy storage trends and
The rise of bankable BESS projects in Europe As the renewable energy sector rapidly evolves, battery energy storage systems (BESS) are emerging as a critical pillar for decarbonization. However, with capital
Energy Storage
Battery electricity storage is a key technology in the world''s transition to a sustainable energy system. Battery systems can support a wide range of services needed for the transition, from providing frequency response, reserve capacity, black-start capability and other grid services, to storing power in electric vehicles, upgrading mini-grids and supporting "self-consumption" of
''Power up'' for China''s energy storage sector
An AVIC Securities report projected major growth for China''s power storage sector in the years to come: The country''s electrochemical power storage scale is likely to reach 55.9 gigawatts by 2025－16 times higher than that of 2020－and the power storage development can generate a 100-billion-yuan ($15.5 billion) market in the near future
Renewable energy news from the leading energy
Clearstone Energy has recently secured planning consent for two large scale battery energy storage system projects in England. The seabed surveys have started at the Lillebælt Syd offshore wind project, with one big
Energy Storage News | Today''s latest by
Latest news on energy storage projects, BESS, capacity expansion, and regulatory updates across Europe, US & Canada, Latin America, and Asia Pacific. Discover how energy storage solutions support renewable energy
Industry Updates Archive
Sungrow has announced that its residential energy storage system has obtained JET (Japan Electrical Safety & Environment Technology Laboratories) certification, the certified products including its SH5.5RS-JP
Energy Storage
The energy storage sector in Australia is witnessing a strategic shift as US-based Energy Vault Holdings acquires the monumental Stoney Creek Battery Energy Storage System (BESS) from the Enervest Group. Get the latest news
Energy Storage News | Latest renewable energy
The most important energy storage, battery, and electric vehicle news, events, and technology product update are exclusively from ETN News. Customized Energy Solutions. Buzz; Energy Storage; Team ETN has
India''s Union Budget ''addresses energy
Minister of Finance Nirmala Sitharaman holds the budget''s iconic red cloth folder in 2021. Image: Gov''t of India Press Bureau. The Indian government''s decision to classify grid-scale energy storage as infrastructure
Energy storage: Tracking the technologies that will
that has the potential to revolutionize the energy sector. His response: "Distributed Energy Storage." Similarly, a recent survey of electric utilities revealed that energy storage is the top emerging technology that warrants investment. (2015 State
World first grid-scale liquid air energy storage
The UK''s energy storage sector took "a great step forward" after completing what is thought to be the world''s first grid-scale liquid air energy storage (LAES) plant at the Pilsworth landfill gas site in Bury, near
How is "new-type energy storage" reshaping the
As China achieves scaled development in the green energy sector, "new energy" remains a key topic at 2025 Two Sessions, China''s most important annual event outlining national progress and future policies. This
Biggest projects in the energy storage industry in 2024
Energy-Storage.news has reported on larger projects as part of Premium-access exclusive pieces, based on local permitting and development filings in the US, including 4GWh ones from Brookfield in Oregon and Stellar Renewable Power in Arizona. Biggest non-lithium, non-PHES project commissioned: 175MW/700MWh vanadium flow battery in China
New energy-storage industry powers up China''s green
The new energy storage has been applied in power systems with strong production capacity. China''s first megawatt iron-chromium flow battery energy-storage demonstration project successfully started trial operation at the end of February in Tongliao, north China''s Inner Mongolia Autonomous Region, and will soon be put into commercial use.
China shines in global energy storage
According to the report, China''s energy storage sector has maintained a rapid growth momentum from 2023, with new energy storage capacity expanding from 8.7 million kilowatts in 2022 to 31.39
Eos Energy and Frontier Power Announce 5 GWh
Eos Energy and Frontier Power Announce 5 GWh Memorandum of Understanding to Advance Long-Duration Energy Storage in the United Kingdom Provided by GlobeNewswire
The Energy Storage Report
The latest from the gloabal storage sector, power by Energy-Storage.news 08-15 Market Analysis 08-09 Utility-scale energy storage systems in the UK remain on strong growth trajectory The latest trend from the UK market 10-11 Grid-scale energy storage set to soar in Europe in the coming years Continental Europe''s storage leaders
Future of Energy Storage System and Solar
If India continues to make strides in the energy storage sector, the implementation of 4,000 MWh capacity of BESS will result in 4,000 MWh of available energy during peak hours. This will, subsequently, result in an
Q&A: How China became the world''s leading market for energy storage
(CarbonBrief, 23 Jan 2025) China''s energy storage sector is rapidly expanding. As a solution to balancing the country''s growing energy needs and mass renewable energy production, the industry has attracted investments worth hundreds of billions of yuan (tens of billions of dollars). Related News. Energy storage, batteries [8 Apr 2025
The Career Opportunities in Energy
So even if you''re some way into your career, the energy storage industry may still be a great option for you. Field is living proof that there are lots of opportunities for
EVE Energy Unveils New 6.9MWh Energy Storage System,
New 6.9MWh System Unveiled, Accelerating the Upgrade of Large-Scale Energy Storage Following the successful launch of the Mr.Giant 5MWh system, EVE Energy has once
The Power Shift: How Energy Storage Solutions
As the world shifts toward a more sustainable energy future, two essential innovations are emerging as key drivers of the energy transition: energy storage solutions and next-generation fuel technologies.Energy storage plays
Countries can transform the global energy
At COP28, nearly 200 countries agreed to work towards an ambitious set of global energy objectives as part of the outcome known as the UAE Consensus – pledging to achieve net zero emissions from the global
Latest Renewable Energy Updates, Trends
Factor This'' News section is your premier destination for the latest updates and in-depth analysis across the renewable energy sector. Covering a wide array of topics—including solar power, wind energy, hydropower, energy
Energy storage: 5 trends to watch in 2025
The scene is set for significant energy storage installation growth and technological advancements in 2025. Outlook and analysis of emerging markets, cost and supply chain risk, storage demand growth supported by
India''s Ministry of Power clarifies
India will need large quantities of energy storage to accommodate its rapidly growing renewable energy capacity. Image: Tata Power. A clarification of the status of energy storage systems (ESS) in India''s power sector, issued
Storage & Smart Power''s Year in Review 2024
Andy Colthorpe, editor, Energy-Storage.news. Andy Colthorpe takes soundings from key energy storage market players on their predictions for the industry in 2024, following a year of significant progress in 2023. In the
Energy Storage: 10 Things to Watch in 2024
By Yayoi Sekine, Head of Energy Storage, BloombergNEF. Battery overproduction and overcapacity will shape market dynamics of the energy storage sector in 2024, pressuring prices and providing headwinds for
ETN News | Energy Storage News | Renewable
ETN news is the leading magazine which covers latest energy storage news, renewable energy news, latest hydrogen news and much more. This magazine is published by CES in collaboration with IESA. IESA brings
6 FAQs about [News from the energy storage sector]
Does China's energy storage sector have a growth rate?
According to the alliance, China's energy storage sector has seen unprecedented growth, with the operational capacity of new energy storage systems surging to 34.5 gigawatts, marking an annual growth rate of 166 percent year-on-year.
Will China's new energy storage sector grow in 2024?
BEIJING — China's new energy storage sector saw rapid growth in 2024, with installed capacity surpassing 70 million kilowatts, said an official with the National Energy Administration.
What is new energy storage?
New energy storage refers to energy storage technologies other than conventional pump storage. An energy storage system charges when wind power or photovoltaic power generates a large volume of electricity or when the power consumption is low, and it discharges otherwise. China's operational efficiency of new energy storage continues to improve.
How big is China's energy storage capacity in 2024?
Bian Guangqi, deputy director-general of the NEA's energy saving and technology equipment department, said that by the end of 2024, total installed capacity of new energy storage projects in China reached 73.76 million kW, which represented an increase of over 130 percent compared to the end of 2023.
Why is new energy storage important?
"New energy storage plays an essential regulatory role in the new power system, significantly promoting the development and consumption of renewable energy," Bian said. New energy storage features a high intensity of technology and a long industrial chain, and encompasses multiple sectors.
Which battery energy storage projects have been successful in Western Australia?
2.6GWh of utility-scale battery energy storage projects have been successful in Western Australia’s first Capacity Investment Scheme tender. Energy storage developer Energy Vault is set to fully acquire the 125MW/1GWh Stoney Creek battery energy storage system (BESS) in New South Wales, Australia, from Enervest Group.
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