Browsing: energy storage

Tesla is reportedly securing a $2.11 billion, three-year battery supply deal with South Korea’s Samsung SDI, marking a critical step in its effort to expand energy storage production beyond China.

As America’s power grid strains under the dual challenge of integrating intermittent renewables and serving surging demand from data centers, operators are confronting a volatile new reality. The system’s increasing complexity is testing both technical resilience and market design, with implications rippling across the energy storage sector.

Drax Group has moved to strengthen its position in the UK’s energy storage market with a £157.2 million deal to acquire three battery energy storage system (BESS) projects from Apatura.

A $142 million financing package from the European Bank for Reconstruction and Development (EBRD) is set to catalyze Uzbekistan’s largest renewable energy and storage development to date — a 1 GW solar photovoltaic (PV) complex paired with 1,336 MWh of battery energy storage.

OMC Power (OMC) and Honda Motor are joining forces to develop a business model that integrates repurposed EV batteries into distributed renewable energy (DRE) systems, a concept that could redefine energy access and storage economics across rural India.

South Australia is accelerating its clean energy transition with the launch of its first Firm Energy Reliability Mechanism (FERM) tender this month, seeking 700MW of long-duration energy storage (LDES) to stabilize the grid as it approaches a 100% net renewables target by 2027.

Belgium has taken a decisive step forward in Europe’s energy transition with the completion of the first phase of the Terhills Battery Energy Storage System (BESS) in Dilsen-Stokkem, Flanders.

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.