Interest rate rises and longer development timelines have driven a fall in the value of early-stage projects in the US clean energy and energy storage market and a flurry of sell-offs, developer-operator Agilitas Energy told Energy-Storage.news.
Wärtsilä Energy has launched its newest battery energy storage system (BESS) solution for utility-scale applications, claiming that it comes with enhanced safety features and improved energy density.
Copenhagen Infrastructure Partners (CIP) has embarked on the first of several planned large-scale battery energy storage system (BESS) projects in Australia.
After a difficult couple of years which saw the trend of falling lithium battery prices temporarily reverse, a 14% drop in lithium-ion (Li-ion) battery pack cost from 2022-2023 has been recorded by BloombergNEF.
The UK government has published its ‘Battery Strategy’, setting out measures to facilitate the growth of a domestic battery industry to support the EV and energy storage system (ESS) sectors.
The Australian government’s start of competitive tenders for dispatchable renewable energy capacity backed with energy storage is an unprecedented step for national energy policy.
Cost and availability of raw materials is the biggest among a number of challenges that must be addressed if US-made products will be able to meet demand for battery storage in the country.
Renewable energy project developer Margün Enerji is partnering with OEM Huawei to deploy a 2MW battery energy storage system (BESS) at a solar plant in Turkey.
