LG Energy Solution saw its revenues fall 30% in the second quarter of the year amidst a global EV market slowdown, and the company says its ESS segment could help offset this.

The benefits of advances in cell technology, which improve the performance and lifetime of battery storage systems, can be directly passed onto customers.

The latest Firm Dispatchable Renewable Energy (FDRE) tender, hosted by the Solar Energy Corporation of India (SECI), has selected winners.

Japan is one of the most talked-about emerging grid-scale energy storage markets in Asia, and featured prominently at the Energy Storage Summit Asia.

The Japanese government has published the list of battery aggregators that successfully applied to a scheme to promote energy storage systems.

Winning bids as low as IR3.41/kWh (US$0.041/kWh) have been registered in a tender for solar PV paired with battery storage hosted by the Solar Energy Corporation of India (SECI).

Emerging energy storage markets across Asia face a similar learning curve today as their maturing counterparts have done in the past.

India’s cumulative battery energy storage system (BESS) installations stood at 219.1MWh at the end of March 2024, according to Mercom India.

While Chinese companies dominated the square footage at ees Europe / Intersolar Europe in Munich last month, some project developers are still keen on prioritising products made closer to home.

A 100MW/200MWh project using semi-solid batteries has been connected to the grid in Zhejiang, China, reportedly the first project of its scale in the world.