The country’s Climate and Energy Fund has launched a new call for proposals for ‘Medium-sized electricity storage systems’ of between 51kWh and 1MWh in energy storage capacity. Projects can either be new ones or extensions of existing systems to meet the size specification. [pdf]
[FAQS about Vienna energy storage project scale latest]
Around the beginning of this year, BloombergNEF (BNEF) released its annual Battery Storage System Cost Survey, which found that global average turnkey energy storage system prices had fallen 40% from 2023 numbers to US$165/kWh in 2024. [pdf]
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A 6 MW solar plant and 5 MW/2.5 MWh storage system are set to increase the share of renewable electricity on the Pacific island of Nauru from 3% to 47%. The $27 million project is being supported by the Asian Development Bank (ADB). [pdf]
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Thermal energy storage and compressed air storage are the least expensive LDES technologies, at $232 per kilowatt-hour and $293 per kWh of capex, respectively, data from the survey shows. For comparison, lithium-ion systems had an average capex of $304/kWh for four-hour duration systems in 2023. [pdf]
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The U.S. energy storage market was estimated at USD 106.7 billion in 2024 and is expected to reach USD 1.49 trillion by 2034, growing at a CAGR of 29.1% from 2025 to 2034, driven by increased renewable energy integration and grid modernization efforts. [pdf]
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Thailand’s National Competitiveness Enhancement Commission approved China’s Sunwoda Electronic to invest over US$1 billion in manufacturing electric vehicle (EV) battery cells and energy storage systems (ESS), significantly boosting Thailand’s EV supply chain capabilities. [pdf]
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Moldova will launch a new auction this autumn to build high-capacity parks for producing renewable energy, coupled with battery energy storage systems (BESS). Carolina Novac, State Secretary at the Ministry of Energy, presented the auction timeline during an economic forum in Chisinau. [pdf]
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The Israeli Planning Administration has approved a new set of regulations for energy storage. Set out as a national outline plan, the new regulation deals with the capacities of different energy storage facilities, where they can be built and under what conditions. [pdf]
This new battery cell boasts an energy density of up to 430 Wh/L and according to the manufacturer, offers superior safety performance compared to traditional small battery cells while maintaining ultra-high energy efficiency. [pdf]
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A compressed air energy storage (CAES) power station utilizing two underground salt caverns in Yingcheng City, central China's Hubei Province, was successfully connected to the grid at full capacity on Thursday, marking the official commencement of commercial operations for the power station. [pdf]
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In a landmark move towards advancing sustainable energy solutions in Pakistan, Huawei and AE Power have officially entered into a strategic partnership to bring the LUNA2000- 107kwh/167kwh/215kwh Commercial Battery Energy Storage System (BESS) to the local market. [pdf]
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The report has declared CATL, EVE Energy and BYD as the front runners in the race for 2024. In 2023, BYD was ranked at No.2. According to InfoLink’s Global Energy Storage Supply Chain Database, global energy storage cell shipments totaled 314.7 GWh in 2024, up 60% YoY. [pdf]
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Latvenergo said it will build the battery energy storage system (BESS) projects in response to increasing demand for flexibility and to synergise with its hydropower, gas-fired plants and solar and wind capacities under development. [pdf]
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