Browsing: Energy Storage

Wärtsilä is separating its global Energy Storage business into a new joint venture with German engineering company RCT Solutions GmbH as competition, supply chain pressures, and margin challenges reshape the battery energy storage sector.

Data centre electricity consumption reached 415 terawatt-hours globally in 2024, roughly 1.5% of total global electricity use, and the IEA…

The global vanadium redox flow battery market was valued at $495 million in 2025 and is projected to surpass $3…

The electrical steel market for electric vehicles was valued at approximately $5 billion in 2025 and is projected to grow…

China’s total capacity of renewable-based hydrogen production projects, both completed and under construction, exceeded one million tons per year as…

The California Energy Commission (CEC) has awarded LiCAP Technologies an $11.3 million grant to expand manufacturing capacity and accelerate commercialization of its dry electrode platform, a technology designed to reduce battery production complexity and improve scalability.

Copenhagen Infrastructure Partners (CIP) has secured investment from the Scottish National Investment Bank and the Nuclear Liabilities Fund for the 500 MW Devilla battery energy storage project in Fife, highlighting the growing role of large scale storage in maintaining grid reliability as fossil fuel generation declines.

Europe’s electric vehicle transition is increasingly becoming a question not only of transport emissions but of electricity system economics. A new study by Fraunhofer ISI for Transport & Environment (T&E) estimates that weakening EU electric vehicle targets could require the equivalent of 150 additional peaking power plants to compensate for lost flexibility from EV batteries.

Renewable energy developer Sunly and Rolls-Royce Power Systems have signed agreements to develop four utility-scale battery energy storage systems (BESS) in Latvia with a combined capacity of 490 MWh.

California’s growing electricity demand and renewable integration challenges are increasing the importance of hybrid solar and battery storage projects capable of delivering both clean energy and grid flexibility. The BigBeau Solar+Storage Project in Kern County is the latest example of this shift, with EDF power solutions North America and Abu Dhabi Future Energy Company, Masdar, securing 15 year power purchase agreements covering output from the 128 MWac solar facility and its 40 MW/160 MWh battery energy storage system.