Banpu NEXT is targeting the Asia-Pacific region’s battery-based clean energy opportunities with battery manufacturer Durapower.

Energy Vault secured 2.8GWh of project orders in the first quarter of 2023 and revealed that it has invested in Kore Power, the US lithium-ion battery and BESS firm, though booked revenues fell 75%.

LG Energy Solution sees lithium iron phosphate (LFP) battery production to meet demand for stationary energy storage systems (ESS) in the US market as a “new growth engine” for the South Korean manufacturer.

Why recent awards of pre-licensing for large-scale projects in Turkey mean a “very promising market” for energy storage is about to open.

CATL has committed to a carbon neutrality plan, identifying five ‘key links’ in its value chain to implement emissions reduction measures.

Corporate funding activity into battery storage companies in the first quarter of 2023 fell considerably year-on-year and quarter-on-quarter, according to research from Mercom Capital.  

Vietnam’s energy storage sector a priority for Asian Development Bank and Global Energy Alliance for People and Planet funds.

Turkey pre-licensing energy storage facilities paired with renewables, with around 20GW expected to be granted within three years.

Tesla will start producing Megapacks, its utility-scale energy storage product, from a new plant in Shanghai from Q2 2024.

The Asian Development Bank is providing financing to Tata Power Delhi Distribution Limited towards a 10MWh pilot project in Delhi, India.