The amount invested in energy storage soared globally during 2023, while battery manufacturing will require the biggest share of spending among clean energy technologies by 2030 to achieve net zero.
Global demand for batteries for energy storage system (ESS) applications will grow 30% during this year, with the US leading the charge, LG Energy Solution has predicted.
Turkey and India’s policies towards battery imports and domestic production, astonishment at China’s 2023 deployment figures and sifting through some ‘bragawatt-hour’ claims in this week’s Friday Briefing.
UK-headquartered Zenobē Energy attracted the most venture capital (VC) funding of any company in the energy storage industry during 2023, as found by Mercom Capital.
The government of Queensland, Australia, will invest in 48MW/96MWh of distributed battery storage and trial the use of flow batteries to integrate rooftop PV generation into local networks.
As India’s Union government prepares the fiscal year 2024-2025 budget for its unveiling, trade group India Energy Storage Alliance (IESA) has offered some recommendations to support the technology.
SK Gas and SK D&D, two companies in the South Korean SK Group conglomerate, have entered a joint venture (JV) for the ownership of energy storage facilities in the US with Apex Clean Energy.
The government of Turkey, currently processing applications for large-scale energy storage facilities at renewable energy plants, will raise import duties for lithium iron phosphate (LFP) battery products.
