Browsing: Energy Storage

Global demand for batteries continues to soar, driven by accelerating electrification across vehicles, energy storage, and heavy-duty transport.

The U.S. Department of Energy (DOE) has canceled $700 million in federal battery and manufacturing grants, marking the second wave of funding reversals this month and signaling a more stringent approach to industrial subsidies.

As the world pushes toward carbon neutrality, high-energy-density batteries are emerging as critical enablers for electric vehicles and grid-scale renewable storage.

Tesla has issued a recall for 12,963 vehicles in the United States after identifying a potential battery connection defect that could cause sudden power loss while driving, according to the National Highway Traffic Safety Administration (NHTSA).

Dutch pension fund manager APG has announced a €300 million ($350 million) growth investment in Amsterdam-based energy storage developer Return, aimed at expanding its battery energy storage system (BESS) portfolio across the continent.

As global electricity systems grow increasingly dependent on renewable energy, precision in managing energy storage assets has become a decisive factor in grid stability and project profitability. Wärtsilä’s new GEMS Pulse platform directly addresses this operational challenge by transforming raw battery data into actionable intelligence—aiming to unlock the full financial and technical potential of energy storage systems.

Spain-based renewable energy developer Iberdrola has acquired the proposed 270 MW / 1,080 MWh Tungkillo Battery Energy Storage System (BESS) in South Australia for $492 million from UK-headquartered clean energy firm RES Australia.

MIT researchers have achieved a tenfold increase in the energy storage capacity of electron-conducting carbon concrete (ec³), a material capable of turning buildings, bridges, and pavements into functional energy storage units.

Portugal’s EDP Renewables is moving to strengthen its foothold in Australia’s energy transition, with 1.7 gigawatts (GW) of new solar and battery capacity approved under the federal Capacity Investment Scheme (CIS) — a key instrument in the country’s effort to stabilize renewable generation while ensuring long-term investor confidence.

GoldenPeaks Capital (GPC) and Huawei Polska have formalized a Memorandum of Understanding (MoU) to deploy 500 MWh of grid-forming battery energy storage systems (BESS) across Europe, signaling a strategic push to bolster grid stability amid rising renewable energy integration.