In Short : Ola has announced its entry into India’s ₹1 lakh crore energy storage market with the launch of *Ola Shakti*. The venture will focus on advanced battery and energy storage solutions to power electric vehicles and renewable systems. This initiative supports India’s clean energy transition, enhances domestic manufacturing, and promotes self-reliance in sustainable […]
Surge in Lithium-Ion Cell Manufacturing as Multiple Firms Enter Growing EV and Energy Storage Market – EQ
In Short : Rising demand for electric vehicles, energy storage, and consumer electronics is prompting multiple companies to enter lithium-ion (Li-ion) cell production. Both domestic and international players are expanding manufacturing capacity to meet growing market needs. This surge in Li-ion cell production underscores the technology’s critical role in supporting the global clean energy transition […]
UK battery energy storage market to grow to 24GW by 2030, says Rystad Energy – EQ Mag
The UK’s battery storage market is set for exponential growth in the coming years, rising from the ground up to reach 24 gigawatts (GW) capacity by the end of the decade. These utility-scale battery systems will attract investments of up to $20 billion and have enough combined energy reserves to power 18 million homes for […]
Fluence Signed an MOU with EGAT to Develop Thailand Energy Storage Market, Expand Footprint in Southeast Asia – EQ Mag
BANGKOK, Thailand : Fluence Energy, Inc. (“Fluence”) (NASDAQ: FLNC), a leading global provider of energy storage products and services, and cloud-based software for renewables and storage, and the Electricity Generating Authority of Thailand (EGAT), today announced a memorandum of understanding to develop the battery-based energy storage market in Thailand. Fluence and EGAT aim to increase […]
KSTAR continues to develop energy storage market in Europe – EQ Mag Pro
KSTAR has continued the development of energy storage market in Europe. As one of TOP providers of smart energy solutions, KSTAR has continued its renewables drive with more than 25 GW installation worldwide, especially in Europe. In 2019, KSTAR and CATL entered into a major alliance, with the subsequent creation of CATL – KSTAR. The […]
Turkey’s energy storage market is ‘now fully open’ – EQ Mag Pro
With a commitment to add 1GW each of new solar PV and wind each year, Turkey’s need for energy storage is coming sooner rather than later. The country’s energy regulator has already acted to enable market participation for storage and companies on the ground are ready to deliver, says Can Tokcan, managing partner at Turkish […]
Wärtsilä enters South American energy storage market with supply of 8 MW / 32 MWh energy storage system to the leading Chilean power generation company Colbun to accelerate decarbonisation – EQ Mag Pro
The technology group Wärtsilä will supply an 8-megawatt (MW) / 32-megawatt hour (MWh) energy storage system to Colbun, one of the largest power generation companies in Chile, to accelerate its transition to renewable energy as the country targets carbon neutrality by 2050. This is Wärtsilä’s first energy storage project in South America. The order was […]
Global Energy Storage Market Set to Hit One Terawatt-Hour by 2030 – EQ Mag Pro
The U.S. and China will lead, claiming over half of the global installations by the end of this decade. New York and Beijing : Energy storage installations[1] around the world will reach a cumulative 358 gigawatts/1,028 gigawatt-hours by the end of 2030, more than twenty times larger than the 17 gigawatts/34 gigawatt-hours online at the […]
CATL enters U.S. energy storage market with large-scale LFP batteries
Contemporary Amperex Technology Co. Limited (CATL), a lithium-ion battery manufacturer, will be making its official debut in the United States with the premiere of its energy storage systems (ESS) solutions at Solar Power International 2019. CATL is leveraging its leadership in battery innovation and safety and developing new partnerships with U.S. clients to distribute comprehensive […]