Asia-Pacific will overtake North America as the biggest utility-scale energy storage (UES) market by annual installed gigawatts (GW) by 2024-2025, according to a new report by Guidehouse Insights, one to two years later than in the firm’s previous forecasts.
The energy storage division of solar PV inverter manufacturer Sungrow has signed a 430MWh battery energy storage system (BESS) contract with Israel’s Enlight Renewable Energy.
The new edition of our quarterly journal PV Tech Power, volume 29, is now available to download, including our comprehensive cover story on solar’s critical next decade.
Long-duration energy storage has a crucial role to play in decarbonising the global energy system sufficiently to avoid catastrophic climate change as long as its value can be unlocked.
Huawei Digital Power has said it will supply battery energy storage system (BESS) technology to what is thought to be the world’s largest off-grid energy storage project to date.
China has once again been ranked top for involvement in the global lithium-ion battery supply chain by BloombergNEF, but for the first time the US has come in second amid a policy rush to support the domestic industry.
Research firm IHS Markit has said that 2021 marks the start of a continued period of rapid growth for the global energy storage industry, forecasting more than 12GW installations in total this year.