Fresh off the New Year holiday, Chinese energy storage companies have rolled out successive updates on their IPO progress.

Technology provider Dalian Rongke Power (Rongke Power) and infrastructure developer China Three Gorges Corporation (CTG) have brought online the world’s first gigawatt-hour-scale flow battery energy storage project.

Anita Li, vice president of Jinko ESS, reflects on a ‘transformational year’ in which the energy storage arm of the vertically integrated solar manufacturer continued to expand.  

Global average prices for turnkey battery storage systems fell by almost a third year-over-year, with sharp cost declines expected to continue.

A total of around 4.9GW/14GWh of grid-scale BESS entered commercial operations around the world last month, a 29% fall year-on-year owing to an unusually slow month in China.

A new battery energy storage system (BESS) cybersecurity whitepaper from consultancy firm The Brattle Group and cybersecurity solutions provider Dragos claims that a single 100MW/400MWh BESS outage could result in US$1.2 million in monthly losses.

System integrator Guoxia Technology has obtained approval for its main board listing on the Hong Kong Stock Exchange.

A Western Australian government initiative to deploy the largest vanadium redox flow battery (VRFB) project outside China is a “pivotal moment,” one technology provider has said.

With Document No. 136 scrapping the mandatory energy storage allocation requirement for renewable energy and the rollout of policies governing new energy storage, China’s energy storage market is going through a period of dynamic change.

Nearly 70% of the 4.5GW/12.7GWh of grid-scale BESS that came online across the globe last month was in China.