Finnish companies Merus Power and Exilion have signed an agreement to build an energy storage system with parameters of 30 MW / 66 MWh. The contract is valued at approximately EUR 17 million. The installation will be constructed in Kuortti,…
Starting in August 2026, energy storage projects in France will be able to benefit from new grid tariffs designed to encourage them to support the power system during specific times of the day. The reform was approved in October by…
UK Winter Power Margin 2025/26 Highest in Six Years Thanks to Storage, Gas, and Interconnectors The British electricity system operator, National Energy System Operator (NESO), announced that the winter 2025/2026 power margin will be the highest in six years. The…
Highview Power completes construction of the world’s first commercial liquid air energy storage (LAES) facility.The installation, scheduled to start operations in 2026, could chart a new path for green energy by offering an alternative to lithium-ion batteries and pumped-storage hydroelectric…
Bulgarian energy technology producer International Power Supply (IPS) officially launches the country’s first gigafactory for energy storage systems. The facility, located in the Hemus High-Tech Industrial Park in Sofia, has an initial annual production capacity of 3 GWh, with plans…
According to Reuters, Chinese wind turbine manufacturer Ming Yang Smart Energy has announced plans for an investment of up to £1.5 billion (approx. $2 billion) to build a manufacturing facility in Scotland. The project could create up to 1,500 jobs…
Romanian energy giant Hidroelectrica has announced a comprehensive plan to install energy storage systems across all its run-of-river hydroelectric plants. The project aims to increase the flexibility of the national power system and enable the shifting of excess energy from…
The International Energy Agency (IEA) has significantly lowered its global renewable energy capacity forecast for 2030. According to the latest data, global renewable capacity is expected to grow by 4,600 gigawatts — 900 GW less than projected just a year…
Monash University scientists develop innovative carbon material that could transform the energy storage market Researchers at Monash University have developed an innovative carbon material that could completely change the energy storage market. Using this material, supercapacitors can achieve performance comparable…
Chinese EV giant BYD unveils breakthrough 14.5 MWh energy storage system “Haohan” Chinese electric mobility giant BYD has announced the launch of a groundbreaking energy storage system, Haohan, featuring a record 14.5 MWh capacity in a single module. Experts say…