Africa Experiences Breakthrough Growth in the Energy Storage Sector According to the latest report, Africa Solar Outlook 2025, published by the Africa Solar Industry Association (AFSIA), 2024 saw a tenfold increase in installed energy storage capacity across the continent. Record…
2024 Sets Global Record for BESS Installations According to data from Rho Motion, 205 GWh of energy storage systems were installed in 2024, marking a 53% year-over-year increase. The primary driver of this growth was the grid-scale storage sector, which…
Estuary Power Secures $340 Million for Escape Solar and Storage Project in Nevada. Estuary Power, a renewable energy and storage development company, has closed a $340 million financing package for the Escape Solar and Storage project in Lincoln County, Nevada.…
Work has begun on the construction of the largest energy storage project in Europe. The installation is being built in Coalburn, South Lanarkshire (Scotland). Developers promise that two battery farms—one located on the site of a former open-pit coal mine—will…
2024 was a groundbreaking year for the energy storage industry. Record-breaking deployments, increasing technology diversity, and expansion into new global markets are just some of the major trends that shaped this rapidly growing sector. Below is an overview of the…
Tesla Inc., the American electric vehicle giant, recorded a breakthrough year in the energy storage sector. The total deployment capacity reached 31.4 GWh, more than doubling the previous record from 2023, when the company delivered 14.7 GWh. Historic Growth in…
Chinese Giant Gotion High-Tech Announces Plans for Lithium Battery Factories in Morocco and Slovakia Chinese battery manufacturing giant Gotion High-Tech Co. has announced plans to build two new lithium battery factories in Morocco and Slovakia. Both plants will have an…
Italian Company Energy Dome Signs Breakthrough Agreement with Engie for CO2 Battery Energy Storage System. Italian energy storage specialist Energy Dome SpA has signed a groundbreaking offtake agreement with French energy provider Engie SA. The deal involves the first fully…
The U.S. Energy Storage Market Achieves Record Growth in Q3 2024 The U.S. energy storage market experienced record-breaking growth in the third quarter of 2024. According to the latest U.S. Energy Storage Monitor report, prepared by Wood Mackenzie and the…
Latest Research Shows Twisted Carbon Nanotubes Could Revolutionize Energy Storage. Recent studies indicate that twisted carbon nanotubes can store energy with exceptional density, potentially revolutionizing power sources for modern technologies such as sensors and medical implants. According to researchers, this…