Hyperstrong, the largest BESS system integrator in China, is targeting the US energy storage market after becoming one of the largest providers globally.
Battery manufacturer LG Energy Solution has started construction on its gigafactory in Arizona, US, which will have 17GWh of production dedicated to the energy storage system (ESS) market.
The BESS ‘land grab’ looks set to continue as Tier 2 companies vie for market share before countries potentially curb imports from China, with one developer suggesting the recent CATL-Duke Energy case will “not be unique”.
BESS price falls have pushed many marginal projects in merchant markets into a rate of return needed for investment, US developer Available Power told Energy-Storage.news amidst the sale process for its own 100MW/200MWh ERCOT project.
Developer Columbus Energy and Ukraine-based energy investor DTEK have agreed terms for a 133MW/532MWh BESS project in Poland, one of several to have won long-term capacity market contracts in the last 18 months.
Solar PV inverter and battery energy storage system (BESS) manufacturer Sungrow has signed a strategic supply agreement with Gulf Energy Development in Thailand.
The energy storage arm of EV supercar technology firm Rimac has opened its UK innovation and manufacturing facility, where it will build the first units of its SineStack BESS platform.
The “momentum behind energy storage,” leading to its wider adoption across the grid in Europe is becoming increasingly undeniable, Energy-Storage.news Premium has heard.
