The global market for battery energy storage systems (BESS) is projected to reach USD 15.1 billion by 2027, growing at a compound annual growth rate (CAGR) of 25%.
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The Western Australian government’s latest strategic move in the energy sector involves a major investment to encourage the adoption of residential battery storage systems.
TransGrid has acquired financing totaling $1.4 billion dedicated to the advancement of battery storage projects in Arizona.
Hyundai Motor is intensifying its involvement in the highly competitive electric vehicle (EV) battery sector by establishing a new research center focused on battery development.
In a noteworthy development within the United Kingdom’s renewable energy landscape, the approval of a battery energy storage site in Great Wyrley unveils significant shifts in the strategic deployment of energy solutions.
A recent move by a prominent Chinese lithium company to suspend technology exports has injected a fresh dose of uncertainty…
The Netherlands announced plans to construct a 1.4 gigawatt battery storage facility, integrating Tesla batteries at its core. This ambitious…
A hybrid approach combining Battery Energy Storage Systems (BESS) with hydrogen (H2) storage has shown promise in mitigating limitations.
Korean battery-makers, namely LG Energy Solution, SK On, and Samsung SDI, are preparing for the competitive surge triggered by CATL’s…
The transition toward sustainable energy solutions is evidenced by a 270% increase in global renewable energy capacity since the start of the century. However, when energy storage enters the spotlight, industry professionals often find themselves at a crossroads.
