Globally, energy storage project development is increasingly driven by the utility-scale segment, with mandates and targeted auctions driving gigawatt-hour projects in markets like China, Saudi Arabia, South Africa, Australia and Chile.
BEIJING, Sept. 12 -- China on Friday unveiled an action plan to promote the development of new forms of energy storage between 2025 and 2027, amid efforts to support green energy transition and ensure the stability of new-type power systems.
The plan outlined 21 key measures, including scaling up energy storage applications in power generation and grid infrastructure, accelerating technological innovation, and improving standardization. It also emphasized talent development and enhancing international cooperation in the sector.
The “14th Five-Year Plan” has specified development goals for energy storage also on the provincial level. During the “14th FYP” period, 25 provinces and cities plan to complete 77.65 GW new type storage installation. That scale is more than twice the “14th FYP” target (30 GW) set by the NEA.
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10 cutting-edge innovations redefining energy storage solutions From iron-air batteries to molten salt storage, a new wave of …
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The European Commission''s Grids Package aims to modernise the EU''s power grid infrastructure, including €240 billion in hydrogen transport and storage networks.
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The country aims to achieve more than 180 million kilowatts of installed new-type energy storage capacity by 2027, which is expected to drive approximately 250 billion yuan …
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The global energy storage market is poised to hit new heights yet again in 2025. Despite policy changes and uncertainty in the world’s two largest markets, the US and China, …
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An aerial drone photo taken on Dec 15, 2024 shows a view of Tesla''s megafactory in east China''s Shanghai. [Photo/IC] US carmaker …
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An aerial drone photo taken on Dec 15, 2024 shows a view of Tesla''s megafactory in east China''s Shanghai. [Photo/IC] US carmaker Tesla''s Shanghai energy storage …
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The global energy storage market is poised to hit new heights yet again in 2025. Despite policy changes and uncertainty in the world’s …
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Africa''s clean energy drive rose significantly in 2025. But next year signals a new wave of investment in renewable energy projects across the continent. Here are some to …
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The fund, managed by a private equity fund management company, aims to invest in commercial-side energy storage projects via a shareholding platform. The fund has a duration …
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The global energy storage market, now worth $263 billion, is growing faster than a Tesla Plaid Mode acceleration, with China alone adding 31.39GW/66.87GWh of new storage …
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SSE has revealed the final investment decision (FID) for the Derrymeen battery energy storage system (BESS), a 100MW facility to be constructed in County Tyrone, Northern …
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Projects with storage durations between two and four hours represented 71.2 percent, while those with durations of less than two hours accounted for 13.4 percent. "New …
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China''s first megawatt-level iron-chromium flow battery energy storage project, located in North China''s Inner Mongolia autonomous region, is currently under construction …
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SPIE recently announced that it has signed a renewable three‑year European framework agreement with Tesla to deliver Megapack-based battery energy storage system …
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The station will be located in Shanghai, adjacent to Tesla’s new Megapack manufacturing facility, which began full-scale production in February 2025. Tesla’s Megapacks …
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In terms of storage types, the dominant advantage of lithium-ion batteries continues to expand, accounting for 97.4% of the new type storage installation. Other types, such as air …
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Recently, several projects—including Shanghai Electric Group’s 5GWh all-vanadium redox flow battery project, the Washi Power sodium-ion battery base project, and …
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In June last year, a 100-megawatt-hour sodium-ion energy storage project began operation, representing the first large-scale commercial use of sodium-ion energy storage …
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(Yicai) Dec. 12 -- Investment in independent energy storage projects in China has soared since the National Development and Reform Commission scrapped the previous rule requiring new …
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As investment in renewable energy generation continues to rise to match increasing demand so too does investment, and the opportunity to invest, in energy storage. Estimates …
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