Browsing: energy storage

Data from the National Highway Traffic Safety Administration shows that battery related recalls now account for a growing share of electric vehicle safety actions in the US, even as overall EV fire incidents remain statistically rare compared with internal combustion vehicles.

The strategic recalibration underway at Korea’s leading battery manufacturers reflects a hard data point confronting the North American market. After years of capacity expansion tied to electric vehicle growth forecasts, US automakers are now pulling back.

Samsung SDI and Korea East-West Power have signed a memorandum of understanding at the StarPlus Energy facility in Indiana, marking a strategic collaboration aimed at accelerating energy storage system (ESS) deployment and renewable energy initiatives globally.

Tesla closed at $411.11 on February 6, gaining 3.5%, before extending modest overnight gains to $414.13. The company’s market capitalization hovers around $1.37 trillion, yet investor sentiment is increasingly influenced by Tesla’s pivot from a pure electric vehicle manufacturer to a vertically integrated energy and physical AI infrastructure platform.

Global electricity demand is on track to grow 50 percent faster to 2030 than it did over the past decade,…

Brazil’s push to integrate energy storage into its power system is moving from pilot deployments toward industrial scale, with WEG confirming plans to build a dedicated battery energy storage systems manufacturing plant in Itajaí, Santa Catarina, backed by 280 million reais in financing from Brazil’s development bank BNDES.

China has developed a compressed air energy storage compressor exceeding 100 megawatts of single-unit power, a scale that begins to address one of the core constraints of CAES deployment.

ACWA Power’s Innovation Days 2026 in Riyadh resulted in 27 strategic partnership agreements with international universities, technology suppliers, and research institutions, signaling a deliberate effort to systematize technology development rather than rely solely on incremental improvements within existing assets.

Aypa Power, a utility-scale energy storage and hybrid renewables developer backed by Blackstone, has closed a USD 1.5 billion debt financing facility aimed at accelerating the construction of its battery energy storage system portfolio through 2028.

Public support for Europe’s energy transition remains broadly intact, but consumers increasingly see governments as lagging behind stated climate ambitions.