Four-hour battery storage is less expensive than open-cycle gas turbines in the 43 markets in which both technologies were modelled, according to a new report from market research firm Wood Mackenzie.

There is no shortage of capital to invest, but energy storage developers in the Middle East face familiar questions as the market takes shape.

Dubai is planning to build 1,000MW of lithium-ion battery storage, expandable to 2,000MW and delivering 6,000MWh of capacity, according to panellists speaking on the “Key Trends from Early Middle East BESS Projects” panel at Energy Storage Summit Middle East 2026.

Sungrow’s first-half-of-year (H1) revenue fell 28.99% year-on-year, while net profit attributable to owners of the parent company dropped 32.01%.

As the battery storage market continues its strong growth trajectory, battery manufacturers are ramping up production to meet increased demand.

Chinese system integrators have cemented their dominance of the global battery energy storage system (BESS) market, capturing 76% of global market share in 2025.

The state-owned Saudi Power Procurement Company (SPPC) has revealed the qualified bidders for its second build own operate (BOO) BESS tender, totalling 3GW/12GWh of capacity across six projects.

Saudi Arabia’s state-owned Saudi Power Procurement Company has started the qualification process for its second large-scale build-own-operate BESS tender.

Energy storage and battery market experts speak with Energy-Storage.news about current and possible supply chain and downstream impacts of the US and Israel’s war on Iran.

Climate Energy Finance’s Tim Buckley argues that geopolitical instability exposes Australia’s oil dependency and positions the country as a safe haven for international renewable energy capital.