Browsing: energy storage

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.

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.

Despite record renewable capacity additions of 582 GW in 2024, the world must nearly double its annual deployment rate to 1,122 GW—a 93% increase—to meet the COP28 target of tripling renewable capacity to 11.2 TW by 2030.