Marija Maisch
China scraps energy storage mandate for renewable energy plants
In a major policy shift toward electricity market liberalization, China has introduced contract-for-difference (CfD) auctions for renewable plants and removed the energy storage mandate, which has driven up to 75% of national demand to date. S&P Global expects the move to reverberate through the global battery storage supply chain, further driving down prices already at historic lows.
UK T-4 auction clears path for nearly 7 GW of new battery storage by 2028
Out of 6.9 GW of prequalified battery energy storage systems (BESS), equal to 1.9 GW derated capacity, about 1.8 GW of derated BESS secured 15-year contracts in the UK’s T-4 auction – nearly double last year’s volume. Just a week earlier, the T-1 auction also set a record for BESS procurement.
Sungrow unveils 5 kWh home battery system
Sungrow’s new residential battery energy storage system features a compact 182 mm design and is capable of handling a maximum charge/discharge current of 50 A.
Sumitomo Electric launches vanadium redox flow battery with 30-year lifespan
Sumitomo Electric’s new system comes in three versions, providing up to 10 hours of storage. It achieves improvements in output and energy density, through component enhancements, thereby reducing cost and physical footprint.
Lithuania launches 800 MWh energy storage tender
Only a day before cutting ties with the Russian power grid, Lithuania announced the launch of a major energy storage procurement exercise.
New aluminum-ion battery with unprecedented long cycle life
Researchers in China have reported a breakthrough in the development of aluminum-ion batteries. They have created a solid-state electrolyte that facilitates the smooth movement of aluminum ions, significantly improving battery performance and longevity.
China’s CGN New Energy announces winning bidders in 10 GWh BESS tender
CGN New Energy has selected seven winners from 50 bidders in its 10 GWh battery energy storage system (BESS) tender, with the lowest bid at CNY 0.458/Wh ($63/kWh).
Polat Energy, Rolls-Royce partner on Turkey’s largest battery storage project
Polat Energy and Rolls-Royce are collaborating on Turkey’s biggest battery energy storage project, a 132 MWh system co-located with an operating wind farm.
Greece launches C&I battery storage subsidy program
The Greek Ministry of Environment and Energy’s Storage Systems in Businesses program opened this week for the submission of applications, with a budget of EUR 153.7 million ($157.7 million).
Where will lithium-ion battery prices go in 2025?
After tumbling to record low in 2024 on the back of lower metal costs and increased scale, lithium-ion battery prices are expected to enter a period of stabilization.
