Tesla’s 2024 energy storage revenue surpasses $10 billion
Records are tumbling for Tesla’s battery energy storage business with revenues growing 67% and deployments surging 114% year-on-year.
India’s NTPC rolls out CO2 battery storage project
NTPC Ltd. will partner with Triveni Turbine and Italy’s Energy Dome to install a 160 MWh CO2 battery at its Kudgi super thermal power station in India.
Cincon unveils DC-DC converters for solar trackers, inverters, battery management
Taiwan-based electronics manufacturer Cincon has launched a new ultra-wide and high-input voltage DC-DC converter series to provide component safety and protection in solar PV inverters, solar trackers, and battery energy storage systems (BESS).
Extending lifecycle of flywheel energy storage via average consensus algorithm
Scientists in China have conceived a lifecycle-based average consensus algorithm that can purportedly balance power in flywheel energy storage array systems and extend their overall lifespan.
New aluminum-ion battery with unprecedented long cycle life
Researchers in China have reported a breakthrough in the development of aluminum-ion batteries. They have created a solid-state electrolyte that facilitates the smooth movement of aluminum ions, significantly improving battery performance and longevity.
Thermal storage beats hydrogen, electrification on industrial costs
A new study in Germany shows the advantages of thermal energy storage in the decarbonization of industrial processes. The researchers noted clear cost advantages and high potential for flexibility in the power grid.
Volta’s 2024 Battery Report: Falling costs drive battery storage gains
The 500 page report offers a full picture of the battery industry, including a deep focus on battery energy storage systems (BESS).
Octopus Energy CEO: Powering bargains with renewables
At the recent World Future Energy Summit in Abu Dhabi, Octopus Energy’s founder and CEO Greg Jackson urged market participants in the renewable energy sector to tap low-cost renewables to drive both clean energy adoption and acceptance. His speech was part of IRENA’s Innovation Day at WFES on January 14, 2025 and set the scene for a subsequent panel discussion on the topic “Digitalization to support the 3x Renewables Goal.”
The Hydrogen Stream: Luxcara advances 20 MW hydrogen project in Norway
Luxcara says preparatory work for its Bodø electrolysis plant is underway in Norway, with commercial operations set to begin in 2026, while ACWA Power and Snam have signed an agreement to deliver hydrogen from Saudi Arabia to Europe.
HyperStrong lists on Shanghai stock exchange, surges 230% on its first day
The Chinese battery energy storage system (BESS) integrator debuted on the stock exchange with a market capitalization of RMB 11.339 billion ($1.56 billion).
