Battery energy storage systems (BESS) in Australia’s New South Wales (NSW) earned an estimated AU$5.63 million (US$3.88 million) in two hours on 12 October, as wholesale electricity prices peaked at AU$23,107/MWh.
Finland is the Nordic region’s most-talked-about market for the moment, with project deals and other battery storage development activity from local and international players. Â
Electrifying low-temperature industrial heat and steam processes with renewables could reduce European Union natural gas consumption by 35 billion cubic metres-per-year, according to a report from the International Energy Agency (IEA).
Annual battery energy storage system (BESS) failures per-deployed-GWh declined 98% globally between 2018 and 2025, as installed BESS capacity grew exponentially.
AI data centres have energy and power requirements demanding enough to potentially stretch lithium-ion beyond its versatile limits, writes Intertek CEA market intelligence consultant Aaron Marks.
The first half of the year saw mixed results among China’s leading ESS suppliers, though generally the industry is still performing strongly, writes PV Tech ESS analyst Charlotte Gisbourne.Â