With the first auctions for procuring new storage capacity in Italy expected in the second quarter of 2025, Aurora Energy Research has analyzed the internal rate of return for projects supported by the Energy Storage Capacity Procurement Mechanism (MACSE) and found that in certain cases expected returns exceed 9%, providing a high level of revenue security.
The Romanian Ministry of Energy has announced a new round of funding from the Modernization Fund dedicated to battery energy storage systems.
The new 51.2 kWh modular storage system connects to European wholesale electricity markets such as NordPool and uses artificial intelligence (AI) to track and analyze dynamic tariffs. It offers three-phase backup and is virtual power plant-ready.
The cause of the fire has not yet been determined, but an investigation will begin once the fire is extinguished.
A new Stanford University study finds that there are several several key routes that sodium-ion battery developers can take to compete on price, specifically against a low-cost variant of the lithium-ion battery known as lithium iron phosphate (LFP).
A 300 MW compressed air energy storage (CAES) power station utilizing two underground salt caverns in central China’s Hubei Province was successfully connected to the grid at full capacity, making it the largest operating project of the kind in the world.
India is likely to follow in the footsteps of China and mandate the inclusion of battery storage capacity for future wind and solar energy projects.
Montenegro’s Elektroprivreda Crne Gore (EPCG) has upped the ante for its first battery energy storage tender.
A trifecta of cutting-edge products debuted at Hithium’s second Eco Day event held in Beijing on Thursday.
The startup is targeting commercial demonstration projects in 2025 and large-scale U.S. manufacturing by early 2027.
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