Tag: energy storage
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Is Energy Storage the Next Goldmine for China’s Solar Giant, Jinko Solar?
JinkoSolar is expanding beyond solar panels and investing heavily in energy storage as global demand rises, and export markets open up.
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EV Battery Industry Faces Challenges in the U.S. Despite $28 Billion in Support
Despite over $28 billion in public funding, the expected surge in U.S. electric-vehicle battery manufacturing has largely failed to materialize, with companies scaling back expansion plans and job creation falling short.
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Reshoring, technology diversification are reshaping the future of energy storage
US energy storage is shifting toward domestic manufacturing and a wider range of battery chemistries to boost grid resilience amid global trade uncertainty and rising demand.
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Modular Battery System Launches for European C&I Market
EFT Energy Solutions has introduced a modular battery system for commercial and industrial users in Europe, allowing businesses to add capacity over time without redesigning the system. It uses BYD LFP modules and standardized configurations to simplify deployment and expansion.
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UAE and Montenegro Forge Green Energy Alliance
The United Arab Emirates and Montenegro have signed a strategic partnership to develop solar, wind, hydropower, battery storage, and green hydrogen projects while integrating fintech and artificial intelligence into their energy sectors.
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ARENA backs Aussie start-up with A$25 m for “inverter-free” battery system
The Australian Renewable Energy Agency has committed $25 million to Melbourne-based Electrify to deploy its novel AC1 battery energy storage system, which generates AC power directly from cells without a separate inverter, promising a 20% higher energy output and lower costs.
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Redwood Raises $350 Million to Expand Battery Storage Focus
US battery recycler Redwood Materials has completed a $350 million Series E round led by Eclipse Ventures and joined by NVentures, shifting its strategy toward large-scale second-life energy storage. Energy Storage News
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A New Solid-State Battery Could Take Your EV an Astounding 800 Miles on a Single Charge
Chery has unveiled a solid-state battery with 600 Wh/kg density, capable of powering EVs up to 800 miles. Commercial use is expected by 2027. Energy Storage News.
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Rwanda launches $16 billion solar expansion plan
Rwanda plans to add about 1,500 MW of solar (plus battery storage) capacity by 2050 under its 2024-2050 power plan, backed by a roughly US $16 billion investment
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Amsterdam powers up city’s largest battery storage project
Description: GIGA Storage has launched the Giraffe battery system in the Western Port area to improve grid stability and support the city’s growing use of renewable energy.