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Energy Vault claims US$680 million revenue over 2022/23

August 8, 2022
Gravity-based energy storage company Energy Vault expects US$680 million in combined revenue over 2022 and 2023, it claimed in its recent quarterly results.
Detail of cell stacks at the completed demonstration system at VRB Energy's project in Hubei Province. Image: VRB Energy.

First phase of 800MWh world biggest flow battery commissioned in China

July 21, 2022
Commissioning has taken place of a 100MW/400MWh vanadium redox flow battery (VRFB) energy storage system in Dalian, China.
china compressed air

China’s compressed air energy storage industry makes progress

June 1, 2022
A 300MWh compressed air energy storage system capacity has been connected to the grid in Jiangsu, China.
Launch of Trina Storage's Elementa at last week's event. Image: PV Tech.

Chinese PV industry heavyweights’ battery storage announcements at Europe trade show

May 16, 2022
Intersolar Europe event saw a number of energy storage-related announcements from Chinese solar PV industry players.

ROUNDUP: BESS nearly equals gas capacity additions in US, 10MW system online in Germany, Energy Vault begins building system in China

May 6, 2022
News from around the world in energy storage.
Construction at one of Broad Reach Power's first tranche of Texas BESS, quickly followed by much bigger projects. Image: Broad Reach Power.

CATL sells 900MWh of BESS to US independent power producer for Texas projects

April 20, 2022
CATL has sold 900MWh of battery energy storage system (BESS) equipment to US independent power producer (IPP) Broad Reach Power. 
Ameresco has mainly been active in the US to-date, including with this solar PV project in California. Image: Ameresco.

‘Force majeure’: Delays impact Ameresco’s 2.1GWh California BESS project for utility SCE

April 11, 2022
Deadline for commissioning large-scale battery storage for California utility Southern California Edison might be missed, Ameresco has said.
clou

Shenzen-based CLOU claims 485MWh energy storage contract in LATAM

March 29, 2022
Listed company Shenzhen CLOU Electronics says it has secured a contract with a “famous American energy company” to supply an energy storage system totalling 485MWh in South America.
Image: Wood Mackenzie Power & Renewables.

LFP to dominate 3TWh global lithium-ion battery market by 2030

March 22, 2022
Lithium iron phosphate (LFP) will be the dominant battery chemistry over nickel manganese cobalt (NMC) by 2028, in a global market of demand exceeding 3,000GWh by 2030.
tesla gigafactory berlin

The three things the US needs to catch up with Europe’s battery gigafactory charge

March 9, 2022
With Europe set to reach 789.2GWh of lithium-ion battery gigafactory production by 2030, what does the US need to do to keep up?

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Evyon and Elywhere merge second life BESS and EV charging businesses

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‘It’s clearly for pumped hydro’: UK BESS owner-operators turn against LDES cap and floor

SolarPower Europe forecasts 45% CAGR for battery storage to 2029, urges policymakers to do more

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