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Read MoreThe European large storage market is starting to shape up. According to data from the European Energy Storage Association (EASE), new energy storage installations in Europe reached approximately 4.5GW in 2022. Among these, utility-scale ESS installations accounted for 2GW, representing 44% of the total power.
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Read MoreThe five largest battery energy storage system (BESS) integrators have installed over a quarter of global projects. Mainland China battery storage market has
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Read MoreThe energy and commodities research firm said that the mainland China battery energy storage market grew by 400% in 2022, which has led to local companies entering the top global rankings as they exclusively supply that market.
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Read MoreIn Europe, there is a growing consensus amongst policymakers that energy storage is crucial to securing affordable and low carbon energy. In May 2022, European Union
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Read MoreA compressed air energy storage (CAES) project in Hubei, China, has come online, with 300MW/1,500MWh of capacity. The 5-hour duration project, called Hubei Yingchang, was built in two years with a total investment of CNY1.95 billion (US$270 million) and uses abandoned salt mines in the Yingcheng area of Hubei, China''s sixth-most
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