The UK’s battery energy storage market will grow to 24GW by the end of the decade and account for almost 9% of all global capacity installations, energy research firm Rystad Energy said.

CATL has committed to a carbon neutrality plan, identifying five ‘key links’ in its value chain to implement emissions reduction measures.

Tesla will start producing Megapacks, its utility-scale energy storage product, from a new plant in Shanghai from Q2 2024.

Canadian Solar doubled its energy storage shipments to 1.79GWh in 2022 although expects significant lower growth in 2023 due to transitioning its utility-scale product.

Gotion High-Tech has continued recent moves into new markets across Asia, signing a deal with Japan’s Edison Power.

Energy Vault has confirmed its increased guidance for 2022, posting US$146 million in revenue of which two-thirds came in Q4.

GE Hydro Solutions has installed the final of four 300MW turbines at a pumped hydro energy storage plant in Anhui Province, China.

Energy Vault is expecting full-year revenue for 2022 of US$142-152 million, ahead of previous guidance of US$75-100 million.

A roundup of the biggest projects, financing and offtake deals in the sector that Energy-Storage.news has reported on this year.

A 200MW/400MWh BESS has gone live in Ningxia, China, equipped with Hithium lithium iron phosphate (LFP) cells.