Around the beginning of this year, BloombergNEF (BNEF) released its annual Battery Storage System Cost Survey, which found that global average turnkey energy storage system prices had fallen 40% from 2023 numbers to US$165/kWh in 2024. [pdf]
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This article summarizes the installation capacity, bidding prices, registration status, production capacity layout, and product innovation trends in the domestic industrial and commercial energy storage market for the first quarter of 2025. [pdf]
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The Saudi Arabian government has been actively promoting the adoption of renewable energy, including solar and wind power. Energy storage technologies play a crucial role in. .
The Saudi Arabia Energy Storage Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR. .
ACWA Power achieved an operating income before impairment loss and other expenses – a key financial performance indicator for the company, of SAR 2,193 billion, which was. [pdf]
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The African Development Bank (AfDB) funded project will be made up of a 30MW solar photovoltaic power station and a 15MW/30MWh energy storage system. The plant is to be built near the town of Dekemhare, which is 40km southeast of the capital Asmara. [pdf]
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NamPower, Namibia's state-owned power utility, has signed a contract with a Chinese joint venture to build the first utility-scale battery energy storage system (BESS) in the country and the Southern African region. [pdf]
China’s energy-storage industry is facing challenges in 2025 due to the escalating US-China trade war and tariffs affecting exports to the US, its largest market. Analysts from WaterRock Energy Economics project a 10-20% reduction in capital spending in the sector this year. [pdf]
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This landmark project, known as the Altyn Dala Solar Power Station, is poised to play a pivotal role in stabilizing the national power grid and reducing energy tariffs, addressing the critical issue of power shortages that have long plagued the region. [pdf]
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A tsunami of cheap Chinese solar panels flooding Europe, a growing taste for rooftop solar and a boom for small, medium and large-scale battery storage – these are the three overarching trends for 2025 as predicted by Midsummer Executive VP Sven Lindström. [pdf]
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In this paper, a three-part electricity price mechanism is proposed based on a deep analysis of the construction and operation costs and economic income. The on-grid electricity price is divided into three parts: the capacity price, graded electricity price, and ancillary service price. [pdf]
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