Energy storage deployments globally increased by over half in 2024, with the grid-scale segment the driver of this, market intelligence firm Rho Motion’s head of research writes in this contributed article.
Global average lithium-ion battery prices have fallen 20% to US$115 per kWh this year, going below US$100 for electric vehicles (EVs), BloombergNEF said.
We get the reaction from other BESS suppliers, consultancies, research firms, optimisers, investors and IPPs to BYD launching a BESS using sodium-ion battery cells, a technology many see as a potential competitor to lithium-ion.
A consortium of development finance institutions led by the Asian Development Bank (ADB) and IPP Gulf Energy have signed a US$820 million loan agreement for a solar and storage portfolio in Thailand.