Relyion Energy successfully completed UL 9540A tests for its modules made from second-life electric vehicle batteries, strengthening their compliance with international safety standards.
In 2024, the energy storage sector saw a 5% increase in total investments, reaching $19.9 billion. However, a notable shift is evident with a decline in venture capital funding and a rise in debt and public market financing.
The Salzburg Battery Storage Project, a 150 MW standalone installation in Midland Township, has received its permit, marking a significant milestone in the U.S. energy storage sector.
This thermal storage infrastructure, combined with Elisa’s optimization, illustrates how energy flexibility helps reduce emissions and stabilize the electrical grid within a context of increasing district heating electrification.
Westbridge Renewable Energy is developing five new battery energy storage system projects in Alberta, totaling 539 MWh, strengthening Canadian energy infrastructure and supporting the transition to renewable energy.
CATL, the world's leading supplier of electric batteries, plans to raise $5 billion on the Hong Kong Stock Exchange to support its international expansion.
Hydro has finalized the acquisition of all Hydrovolt shares, its former joint venture with Northvolt. This USD 7.6 million purchase aims to strengthen Hydro’s strategic position in battery recycling in Europe.
Saudi Electricity Company announces a strategic energy storage project, distributed across five sites and involving 2,500 MW of installed capacity. Two major players, BYD and Alfanar, share the work.
Sodion Energy and UNIGRID join forces to supply 10 MWh of sodium-ion batteries, targeting sustainable mobility and energy storage markets in Southeast Asia.
Copenhagen Infrastructure Partners invests in two Scottish projects with a combined 2 GWh of energy storage, consolidating its position in the strategic UK market.
South Africa bolsters its electric grid by awarding two 300 MWh energy storage projects to AMEA Power in the North West Province, aiming to improve energy stability.
Hithium and Samsung C&T collaborate to develop 10 GWh of energy storage capacity, strengthening their international market presence through a strategic partnership.
Eolus completes the sale of its battery energy storage project in Poway, California. With a capacity of 100 MW/400 MWh and an estimated value of USD 230 million, this transaction highlights the growth of the U.S. energy market.
Aypa Power finalizes $190 million in funding for the Bypass Battery Energy Storage System project in Fort Bend County, aiming to strengthen Texas's energy capacity and address the region’s growing electricity demand.
CBAK Energy, a key player in the battery market, intensifies its Phase II project in Nanjing to meet high demand, adding 3GWh of production capacity by the end of 2025.
A new 20 MW energy storage unit, operated by a private player, begins operations in New Jersey, strengthening critical ancillary services in the PJM market.
Emeren and Arpinge finalize two energy storage projects in Sicily, totaling 162 MW capacity, strengthening the national portfolio in a rapidly transforming market.
Excelsior Energy Capital announces a 7.5 GWh investment in energy storage projects, with deliveries scheduled for 2026, in partnership with a supplier meeting local content standards in the United States.
