A growing industry trend towards larger battery cell sizes and higher energy density containers is contributing significantly to falling battery energy storage system (BESS) costs. 

LG Energy Solution is ‘proactively responding to market volatilities’ that have seen the South Korean battery manufacturer’s annual operating profits slide 73.4%.

Energy storage system integrator HyperStrong has concluded an IPO to list its shares on the Shanghai Stock Exchange’s STAR Market for science and technology innovation companies.

China has reached well over 70GW of installed BESS capacity, while DC block prices appear to be ‘stable’, a local metals price agency said.

Chinese renewable energy tech company Envision has begun building a factory for wind turbines and energy storage systems (ESS) in Kazakhstan.

System integrator Powin contributes to the latest of our Year in Review series, after a year in which it expanded into Europe and launched a new BESS product.

The new edition of the Battery StorageTech Bankability report reveals an increasing number of competitive providers, writes PV Tech Research analyst Charlotte Gisbourne.

Energy storage deployments globally increased by over half in 2024, with the grid-scale segment the driver of this, market intelligence firm Rho Motion’s head of research writes in this contributed article.

Rho Motion’s head of research Iola Hughes analyses some of the trends shaping the battery storage supply chain as market growth accelerates worldwide.

Chinese multinational renewable energy solutions provider Envision Energy will supply a 320MWh battery energy storage system (BESS) to Juniper Green Energy in India.