Global residential energy storage shipments fell year-on-year for the first time in the second quarter of 2023, S&P Global said, amidst less energy price volatility, high inventories and rising costs.
Solar Module Super League (SMSL) member JinkoSolar is supplying large-scale battery energy storage systems (BESS) to customers in Nigeria and Japan, totalling 20MWh of combined capacity.
The West African Development Bank (BOAD) has approved a US$24 million loan for a solar and storage project in Senegal with a 15MW/45MWh battery energy storage system (BESS).
Substantial growth in China’s domestic energy storage market has led to locally-based players Sungrow and Hyperstrong becoming top five system integrators globally, S&P Global Commodity Insights said.
This year has seen major energy storage deployment plans announced by telecommunications network operators in Finland and Germany, and substantial fundraises by ESS firms targeting the segment.
Battery storage plays an important role in adding resilience to energy networks. But it should also be remembered that natural catastrophes can affect BESS resources too, writes Ross Kiddie of bespoke battery insurance company Altelium.
Fastmarkets analysts Muthu Krishna and Phoebe O’Hara look at the potential of solid-state and sodium-ion batteries to scale up and ease the pressure on lithium-ion NMC and LFP battery chemistries, which currently dominate the EV and ESS markets.
Renewable energy firm Enlight has commissioned two solar-plus-storage projects in Israel in the last few weeks, totalling 71MWh of energy storage capacity.
Thermal energy storage companies Kyoto Group and Brenmiller have inaugurated and won funding approval for projects in Denmark and Israel, respectively.
