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.
The rhetoric around new and increased trade barriers between the US and China affecting batteries, battery materials and BESS has ramped up in the past few weeks, and we hear from a lawyer and a political analyst.
Chinese battery manufacturer Hithium and Samsung C&T Engineering & Construction (Samsung C&T) have penned a new agreement targeting around 10GWh of battery energy storage system (BESS) capacity globally.
State-owned EPC firm China Power Construction Group (Power China) recently concluded a 16GWh BESS supply tender, which resulted in extremely low prices amidst a squeezing of market share and increased buying power from state-owned companies, an S&P analyst told Energy-Storage.news.