Marija Maisch
China’s CGN New Energy announces winning bidders in 10 GWh BESS tender
CGN New Energy has selected seven winners from 50 bidders in its 10 GWh battery energy storage system (BESS) tender, with the lowest bid at CNY 0.458/Wh ($63/kWh).
Polat Energy, Rolls-Royce partner on Turkey’s largest battery storage project
Polat Energy and Rolls-Royce are collaborating on Turkey’s biggest battery energy storage project, a 132 MWh system co-located with an operating wind farm.
Greece launches C&I battery storage subsidy program
The Greek Ministry of Environment and Energy’s Storage Systems in Businesses program opened this week for the submission of applications, with a budget of EUR 153.7 million ($157.7 million).
Where will lithium-ion battery prices go in 2025?
After tumbling to record low in 2024 on the back of lower metal costs and increased scale, lithium-ion battery prices are expected to enter a period of stabilization.
Japan keeps lead in solid-state battery development
While China, South Korea, Europe, and the United States are also engaged in active development of all solid-state batteries, Japan is leading the charge, offering generous subsidies to technology proponents.
Annual lithium-ion demand surpasses 1 TWh for first time
The big milestone comes on the back of a record month for electric vehicle sales and strong battery energy storage system (BESS) deployment. However, EV demand remains far behind BESS with the latter’s impressive growth reaching a year-on-year increase of 175% and cumulative 19.4 GWh deployed in November alone.
Bslbatt launches low-voltage integrated battery storage system
China’s Bslbatt has unveiled its latest product: an integrated low-voltage energy storage system that combines inverters ranging from 5 kW to 15 kW with 15 kWh to 35 kWh battery storage systems.
Polish capacity market auction for 2029 catalyzes gigawatts of battery storage
The much-anticipated capacity market auction for 2029 conducted by Polskie Sieci Elektroenergetyczne (PSE) ended in the seventh round with a price of PLN 264.90 ($62.12)/kW per year. Such a clearing price rendered gas projects uneconomical and left significant room for battery storage systems to secure contracts.
Australia’s batteries surf revenue wave on back of volatile power prices
Investments in battery storage within Australia’s National Electricity Market (NEM) are increasingly profitable due to higher power price volatility and changing market dynamics, according to the latest report by Wood Mackenzie. Going forward, four-hour storage systems are projected to have fastest return on investment.
BNEF: Lithium-ion battery pack prices drop to record low of $115/kWh
Battery prices continue to tumble on the back of lower metal costs and increased scale, squeezing margins for manufacturers. Further price declines are expected over the next decade.
