The U.S. Department of Energy (DOE) has announced $325 million in funding for long-duration energy storage projects to enhance grid resilience and protect communities. The funding, from the Biden Infrastructure...
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Renewable energy company Enlight has commenced commercial operation of its Arad Valley 1 project in Israel, which includes 17MW of solar PV capacity and 31MWh of energy storage. This marks...
Vattenfall, a Swedish renewable energy developer, recently announced it will stop developing a large offshore wind farm in the North Sea off the UK, citing soaring development costs. This has...
The German government’s refusal to subsidize electricity prices for energy-intensive industries has raised concerns in the business community. German business associations warn that this will lead to a significant relocation...
The government of France’s overseas territory New Caledonia recently approved Akuo Energy’s plan to deploy a 150MWh battery energy storage system. The project, with an investment of about $82 million,...
It is reported that major German industrial companies are urging Chancellor Olaf Scholz’s government to announce its carbon capture and storage (CCS) strategy by the end of this year. In...
In 2022, new energy storage deployments in European households reached about 5.7 GWh, a 147.6% increase year-over-year. Cumulative deployments reached 11.1 GWh, a 105.2% increase. Germany and Italy saw the...
Since 2023, Europe has been continuously adjusting its energy security policy in response to new energy and geopolitical security dynamics. The focus has shifted towards ensuring supply security and stable...
According to data compiled by the American Clean Power Association (ACP) and Wood Mackenzie, the first half of 2023 witnessed a significant surge in new utility-scale energy storage installations in...
By 2023, the UK’s energy storage capacity could grow more than 10 times, attracting up to $20 billion in investments for battery storage systems. This would mean the UK will...
