Browsing: Energy Storage

Meeting the United Kingdom’s net-zero targets may require up to £75 billion of investment in long-duration energy storage (LDES) by 2050, according to a roadmap published by the Transition Finance Council.

Volkswagen is initiating a recall of 44,551 ID.4 electric vehicles in the United States following safety concerns over high-voltage battery systems, according to the National Highway Traffic Safety Administration.

Saudi Arabia’s renewable energy and storage landscape is set to advance with the installation of AMG LIVA’s Hybrid Energy Storage System at Aramco’s Bulk Plant in Tabuk.

Hungary’s grid-scale battery buildout is moving into a more capital-intensive phase, with state-owned utility MVM committing roughly EUR 26 million to a 31 megawatt battery energy storage system at its Tiszaújváros site.

Clifton Park, New York, has formally banned battery energy storage projects within the town, closing the door on future installations and signaling a growing tension between local safety concerns and state-level renewable energy ambitions.

European energy storage startups have attracted €2.14 billion in equity funding, underscoring how capital is increasingly targeting technologies capable of stabilizing power systems with high renewable penetration.

Sustainable Energy Solutions Sweden Holding AB has agreed to sell its 85 megawatt, 170 megawatt hour battery energy storage project at the Pyhäsalmi mine to a Frankfurt based infrastructure investor, signaling growing institutional appetite for mature Nordic storage assets positioned for both frequency regulation and wholesale market arbitrage.

Kemet Industries Group and China based energy storage manufacturer Cornex have signed a cooperation agreement to establish a battery manufacturing facility in Egypt with an annual production capacity of 5 gigawatt hours.

Northern Graphite Corporation and Saudi diversified industrial group Obeikan Investment Group have signed a term sheet to jointly develop a large scale battery anode material facility through a dedicated joint venture.

Peregrine Energy Solutions plan to build a $400 million battery energy storage facility in Harrison County, reflecting both local economic ambitions and broader grid balancing needs across the Texas and Southwest Power Pool systems.