Tesla and Sumitomo Electric have both been selected to supply energy storage projects in Japan. Tesla will supply Megapacks for a BESS project while Sumitomo will deploy a 12MWh vanadium flow battery.
US president Donald Trump has brought in new tariffs on China, Canada and Mexico, which will hit batteries – the kind of move Samsung SDI said could benefit its Korea-based manufacturing.
Energy storage system integrator HyperStrong has concluded an IPO to list its shares on the Shanghai Stock Exchange’s STAR Market for science and technology innovation companies.
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.
A consortium of development finance institutions led by the Asian Development Bank (ADB) and IPP Gulf Energy have signed a US$820 million loan agreement for a solar and storage portfolio in Thailand.