Markets

Ambitious capacity targets and diverse revenue opportunities support case for battery energy storage system (BESS) investment in key European markets, new report from Aurora Energy Research finds. The fourth edition battery markets report also predicts Europe’s grid-scale BESS fleet will reach 55 GW by 2030.

The United Nations Office for Projects Services has kicked off a tender for the development and construction of a solar and battery storage minigrid in Papua New Guinea. The deadline for applications is March 24, 2025.

Stanford University professor Mark Z. Jacobson explains how the areas of Los Angeles that were recently hit by fire have now the opportunity to reduce energy bills and reconstruction costs by rebuilding only all-electric homes. “There is no reason to have both electricity and fossil gas in a building at the same time. There is nothing gas does that electricity doesn’t do better,” he states.

Scientists in Spain have created a new index that reportedly help project developers identify better areas in initial stages of hybrid wind-solar power plants development. The proposed approach is claimed to avoid deficiencies of previous criteria and overestimation caused by time delays.

The US Energy Information Administration (EIA) projects 32.5 GW of solar, 18.2 GW of energy storage, and 7.7 GW of wind will be deployed this year. These additions will make up nearly 93% of total new capacity, which is expected to hit a record 63 GW.

Researchers from the U.K.’s University of Sheffield and Power Roll, a perovskite solar PV technology company, have achieved 12.8% power conversion efficiency in indium-free devices based on novel back-contact process. A slot-die coating process was demonstrated, compatible with roll-to-roll manufacturing.

The flagship annual solar and storage conference drew over 500 exhibitors and nearly 10,000 attendees to San Diego, California, February 25-27 to advance solar and energy storage across the continent.

Daqo has recorded a $345.2 million net loss for 2024. The Chinese polysilicon manufacturer said revenue fell due to significantly lower average selling prices and a drop in sales volume.

Smart Energy Week 2025 in Tokyo highlighted Japan’s shifting energy priorities, with officials promoting perovskite solar at PV Expo and companies showcasing solid-state battery tech at Battery Japan.

A recent joint event by Solarabic and pv magazine in Riyadh highlighted Saudi Arabia’s rapid push for clean energy and localization, with new factories and large storage projects taking shape.