The big milestone comes on the back of a record month for electric vehicle sales and strong battery energy storage system (BESS) deployment. However, EV demand remains far behind BESS with the latter’s impressive growth reaching a year-on-year increase of 175% and cumulative 19.4 GWh deployed in November alone.

China’s Bslbatt has unveiled its latest product: an integrated low-voltage energy storage system that combines inverters ranging from 5 kW to 15 kW with 15 kWh to 35 kWh battery storage systems.

The much-anticipated capacity market auction for 2029 conducted by Polskie Sieci Elektroenergetyczne (PSE) ended in the seventh round with a price of PLN 264.90 ($62.12)/kW per year. Such a clearing price rendered gas projects uneconomical and left significant room for battery storage systems to secure contracts.

Investments in battery storage within Australia’s National Electricity Market (NEM) are increasingly profitable due to higher power price volatility and changing market dynamics, according to the latest report by Wood Mackenzie. Going forward, four-hour storage systems are projected to have fastest return on investment.

Battery prices continue to tumble on the back of lower metal costs and increased scale, squeezing margins for manufacturers. Further price declines are expected over the next decade.

LG Energy Solution expects strong demand for energy storage and plans to release a high-capacity lithium iron phosphate product with 20% higher energy density, along with other offerings. The South Korean battery maker says it aims to begin US production of energy storage system (ESS) batteries in 2025 and may convert European electric vehicle (EV) production lines to ESS.

The charging and storage all-in-one machine HyperCube Pro was developed in response to growing demand for fast-charging EV infrastructure and based on solid-state lithium iron phosphate battery cells developed in-house.

CPS Energy is working with Eolian on 1.4 GWh of battery storage to serve the energy needs of San Antonio, Texas, over a period of 20 years. The projects have been touted as the largest standalone battery site under the Electric Reliability Council of Texas (ERCOT).

Under the first-ever time-limited contract in the Netherlands, Giga Storage will have the right to take electricity from the grid or feed it back in from its 300 MW/1,200 MWh Leopard project at least 85% of the time.

UK-headquartered Aggreko has introduced two new mid-sized battery storage solutions – 250 kW/575 kWh and 500 kW/250 kWh – for a variety of on-grid and off-grid applications.