European battery storage fleet expected to grow 45% year-over-year to 16 GW in 2025, WoodMac says
Germany continues to lead Europe’s battery energy storage market, with 18 GW of utility-scale demand and 8 GW from commercial and industrial applications over the next decade.
India’s THDC commissions new unit of 1 GW pumped storage project
THDC India Ltd., a subsidiary of NTPC Ltd., has commissioned a 250 MW unit of its 1 GW variable-speed pumped storage hydropower project in Uttarakhand.
India’s Trontek enters home storage market with new lithium systems
Trontek has entered India’s residential energy storage market with its Powercube 1.4 kWh and 2.7 kWh lithium-ion systems for solar and grid backup.
EU shift to 15-minute trading supports battery storage profits, says Rystad
Europe’s move to 15-minute spot-market intervals, effective Oct. 1, is altering the economics of battery storage, with Rystad Energy estimating that battery energy storage systems (BESS) profits in some countries have increased by more than 20%.
Poland shortlists 183 energy storage projects for EU funding
Poland’s state environmental fund says developers sought PLN 28 billion ($7.7 billion) for 20 GW and 122 GWh of storage projects – nearly seven times the program’s budget, with 183 projects eligible for funding.
Africa’s largest off-grid solar-plus-storage project comes online in Angola
In Angola, 75.26 MWh of battery storage has begun operating as part of Africa’s largest off-grid renewable energy system to date.
Global lithium-ion battery pack prices fall to $108/kWh, says BNEF
Battery pack prices for stationary storage fell to $70/kWh in 2025, a 45% drop from 2024, making it the cheapest lithium-ion category for the first time, according to BloombergNEF (BNEF).
European energy storage startups raise €2.14 billion in equity funding
European energy storage hardware startups have secured €2.14 billion ($2.5 billion) in equity funding for commercial, industrial, and grid-scale applications, says Avnet Silica. Nearly half of that funding was raised in the past three years, and more than 80% in the last five.
China powers up nation’s largest standalone battery storage project
A 500 MW/2,000 MWh lithium iron phosphate battery energy storage system has entered commercial operation in Tongliao, Inner Mongolia, after five months of construction, with total investment of CNY 1.5 billion ($212.2 million) and designed for peak shaving and renewable integration.
Germany’s Prolux Solutions recalls vanadium redox home battery systems
Prolux Solutions is recalling all Storac home energy storage systems in Germany and exiting vanadium redox flow technology to switch future residential products to lithium iron phosphate batteries.
