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Varta energy storage
Finance
Varta cuts revenue forecast amid storage market slowdown German battery maker Varta AG has revised its revenue forcast for fiscal year 2024 due to a "significant deterioration" in the energy storage market environment.
Marija Maisch
Jun 24, 2024
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Chart with Q1 2024 comparison of energy storage deployments
Markets
U.S. grid-scale storage grows 84%, residential storage 48% Wood Mackenzie reported large growth in Q1 year-over-year for grid-scale storage and residential storage in the USA, while commercial and industrial storage slowed.
Ryan Kennedy
Jun 19, 2024
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Large field with batteries
Markets
California crosses 10 GW battery storage threshold California is adding massive amounts of battery energy storage and the project pipeline shows no sign of slowing down. Batteries are playing an increasingly dominant role on the grid, soaking up solar in the middle of the day and shifting it to the evening peak, where they have become the biggest single supplier.
Marija Maisch
May 21, 2024
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Darling downs power station
Grid-scale
Origin Energy unveils plans for 2 GWh battery in Australia Australian energy giant Origin Energy has revealed plans to build what could be the biggest battery energy storage system (BESS) in the state of Queensland, as it continues the expansion of its renewable energy generation and storage portfolio.
David Carroll
May 21, 2024
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China southern power grid
Sodium-ion batteries
China switches on first large-scale sodium-ion battery China Southern Power Grid has deployed a 10 MWh sodium-ion battery in China’s Guangxi Zhuang region. It is the first phase of a 100 MWh project.
Pilar Sanchez Molina
May 21, 2024
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Distributed
Spain’s storage deployments hit 495 MWh in 2023 According to new data from trade body UNEF, Spain reached 1.823 MWh of cumulative storage capacity at the end of December 2023.
Pilar Sanchez Molina
May 15, 2024
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Portable battery energy storage system
Second-life batteries
JLR, Allye Energy partner on 270 kWh portable battery energy storage system Jaguar Land Rover (JLR) and Allye Energy have agreed to collaborate on a 270 kWh portable battery energy storage system (BESS) built with second-life Range Rover batteries. The system, which is set to become the first commercially available BESS with JLR battery packs, can fully charge up to nine Range Rover PHEV vehicles at once.
Patrick Jowett
May 10, 2024
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