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.
Sierra Leone adopts financing model for private minigrid developers
Sierra Leone’s government is working with the European Union to launch a results-based financing mechanism, offering grants to private developers to build, own, and operate minigrids across the country.
Stationary storage installations surge to 170 GWh in 2024
With expanding market opportunities and declining costs, stationary battery energy storage installations are surging. Battery makers are awake to the opportunity, says BloombergNEF, as stationary batteries account for an increasing amount of deployed capacity.
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.
Suriname starts building hybrid solar microgrids to power 25 villages
PowerChina is building three hybrid solar microgrids in Suriname, combining solar panels, energy storage, and diesel backup to power 25 remote villages across the country.
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.
Guyana inaugurates grid-forming 0.65 MW solar plant
Guyana has unveiled a new 0.65 MW grid-forming solar project, paired with a 1,500 kWh battery energy storage system (BESS) and a 13.8 kV transmission line.
Panasonic powers UK factory with solar-driven hydrogen fuel cell generators
Panasonic has launched a solar-powered hydrogen fuel cell project at its factory in Cardiff, Wales, with the microwave assembly now operating on renewable energy.
