BNEF analyst Isshu Kikuma discusses trends and market dynamics impacting the cost of energy storage in 2024 with ESN Premium.

US president Donald Trump has brought in new tariffs on China, Canada and Mexico, which will hit batteries – the kind of move Samsung SDI said could benefit its Korea-based manufacturing.

A few weeks ago, a battery recycling deal was announced for a 640MWh BESS project in Australia, but the project isn’t even built yet and the cells have 25-year warranties – we caught up with the company recycling the batteries to hear more.

Power producer NTPC will deploy Energy Dome’s CO2 Battery technology at a power plant in Karnataka, India. 

A growing industry trend towards larger battery cell sizes and higher energy density containers is contributing significantly to falling battery energy storage system (BESS) costs. 

LG Energy Solution is ‘proactively responding to market volatilities’ that have seen the South Korean battery manufacturer’s annual operating profits slide 73.4%.

Energy storage system integrator HyperStrong has concluded an IPO to list its shares on the Shanghai Stock Exchange’s STAR Market for science and technology innovation companies.

China has reached well over 70GW of installed BESS capacity, while DC block prices appear to be ‘stable’, a local metals price agency said.

Chinese renewable energy tech company Envision has begun building a factory for wind turbines and energy storage systems (ESS) in Kazakhstan.

System integrator Powin contributes to the latest of our Year in Review series, after a year in which it expanded into Europe and launched a new BESS product.