After a significant decline in 2024, revenues for energy storage companies based in Germany grew substantially last year and are expected to rise further this year, according to market analysis from BVES. However, industry uncertainty continues to rise.
Maintaining grid stability becomes more challenging as the share of intermittent renewables grows in the electricity generation mix, but system resilience is essential to continued solar deployment. Grid-forming inverters offer a solution, and their capabilities are increasingly being tested and relied upon in key energy markets globally.
Genex has announced plans to reconfigure the first stage of its 2.5 GW Bulli Creek multi-stage development in Australia from a 775 MW solar farm to 300 MW, adding a 425 MW / 1,700 MWh battery energy storage system (BESS).
Ratul Puri, chairman of Hindustan Power, tells pv magazine that India’s battery energy storage system (BESS) market is moving from aggressive tendering toward large-scale project execution, as the country increasingly prioritizes grid integration, transmission readiness and long-term supply resilience.
The massive renewable energy complex will include 8 GW of solar, 4 GW of wind, 2.04 GW/8.16 GWh of energy storage, and 2.64 GW of coal-fired power. The project is planned to be located in China’s Inner Mongolia Autonomous Region and deliver clean electricity to the energy-intensive Jiangsu province.
Amendments to Armenia’s Energy Law permits the development of energy storage systems for the first time, subject to licensing. Systems smaller than 1 MW, or those above 1 MW designed for self-consumption, are exempt from licensing.
Germany led the way with the UK and Bulgaria tied in second place, followed by Spain, Hungary, and France.
Dubbed RISE 261H-XH, the system is available in 50 kW, 63 kW, 85 kW, and 125 kW output configurations. It supports 100% three-phase unbalanced load in backup mode and delivers 160% rated AC overload capacity for 10 seconds.
Gravity storage gets a boost from South Africa’s state-owned utility Eskom.
Strategic agreement will see California-based renewables developer ramp up sodium-ion battery deployment. Deal follows Alsym Energy entering 8.5 GWh partnership with iron flow battery business ESS.
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