Renewable energy and energy storage developer Akaysha Energy will soon begin construction on a 150MW/300MWh battery storage project in Queensland, Australia.
Huawei and BYD were among the five largest battery energy storage system (BESS) integrators globally last year, with the Chinese market going through a ‘price war’ of competition, according to research from Wood Mackenzie.
Power technology firm Wärtsilä has initiated a strategic review of its energy storage and optimisation (ES&O) business, with “all potential alternatives considered” including divestment.
UK-headquartered developer-investor Zenobē Energy and US recycling specialist Redwood Materials made the biggest VC-funded deals for energy storage companies in the first nine months of 2023.
US-made battery energy storage system (BESS) DC container solutions will become cost-competitive with those from China in 2025 thanks to incentives under the Inflation Reduction Act (IRA), Clean Energy Associates said.
Edify Energy has closed financing on a battery storage project which will support the hosting of solar and wind at a government-designated Renewable Energy Zone (REZ) in Victoria, Australia.
The energy storage division of global solar PV manufacturer Trina Solar has debuted its Elementa 2 battery energy storage system (BESS) solution at All-Energy Australia.
Only half of the energy storage needed to properly integrate the potential solar PV additions globally by 2030 will be deployed based on current policies, the International Energy Agency (IEA) said in its World Energy Outlook report for 2023.
Australia’s National Electricity Market (NEM) has been handed the title of “most volatile electricity market” in the world, with an urgent need for energy storage to mitigate that volatility.
