Browsing: Energy Storage

BP’s evolving energy transition strategy faces renewed scrutiny after the company warned of an additional $1 billion impairment charge for the second quarter, largely linked to its gas and low carbon energy businesses.

Oman is advancing a new approach to infrastructure development by combining renewable power generation, desalination, energy storage, and hydrogen production into a single offshore platform. A newly signed joint venture between Shadid Capital, Shamel Petroleum Company, and strategic partners will develop the Oman Blue Infrastructure Platform (OBIP), reflecting a broader shift toward integrated energy systems designed to address multiple resource challenges simultaneously.

Three sectors, steel, organic chemicals, and cement, account for roughly a quarter of all emissions covered by the EU Emissions…

Renewable electricity generation grew by 9.8% in 2024, its fastest annual rate in recent years and more than seven times…

The LDES Council estimates that up to 8 terawatts of long-duration energy storage capacity will be needed globally by 2040,…

Global sodium-ion battery shipments reached 9 GWh in 2025, up 150% year over year, almost entirely driven by Chinese manufacturers…

The United States is entering a period of rapidly rising electricity demand at the same time federal policy is becoming less supportive of the lowest cost sources of new power generation.

Europe’s stationary battery market is expected to nearly quadruple this decade, with Wood Mackenzie forecasting annual demand to increase from 36 GWh in 2025 to approximately 138 GWh by 2030.

Spain’s electricity storage market is entering a critical regulatory phase as policymakers prepare the country’s first capacity auctions, currently expected in 2027.

Independent power producer Grenergy has secured a 1 TWh annual nighttime power purchase agreement for its Elena battery energy storage system in northern Chile, underscoring how large scale storage is increasingly becoming a commercial instrument rather than a grid balancing experiment.