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.
Philippines president Ferdinand Marcos Jr attended as construction began on what is thought to be the world’s largest power plant to combine solar PV and battery storage.
CATL is the world’s largest lithium-ion manufacturer, and a major player in BESS too, and made headlines earlier this year when it claimed five years of ‘zero degradation’ for its new grid-scale product Tener.
A 100MW thermal solar and molten salt energy storage system in Xinjiang, China, is set to be completed and grid-connected by the end of the year, part of a project which has deployed conventional solar PV.
