The world’s biggest pumped storage plant, the Fengning Power Station, went into full service at the end of the year, supporting 10 gigawatts of solar- and wind-powered generation in China’s Hebei Province, near Beijing and Tianjin. [pdf]
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Largest innovative photovoltaic generation and energy storage project opens in Costa Rica. The system uses solar panels to charge batteries during periods of lower energy cost and then, subsequently to deliver stored energy during the two peak periods when cost is highest. [pdf]
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The 5 Latest Innovations in Renewable Energy Storage1. Providing a Second Life for Used Electric Vehicle Batteries Many renewable energy storage innovations involve building systems from scratch. . 2. Integrating Bidirectional Charging Technologies Into Electric Cars . 3. Designing a Modular Dam to Support Renewable Energy Storage . 4. Turning an Industrial Waste Product Into a Storage Option . 5. Developing Additives to Improve Battery Performance . [pdf]
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Long-duration energy storage technologies store excess power for long periods to even out the supply. In March 2024, the House of Lords Science and Technology Committee said increasing the UK’s long-duration energy storage capacity would support the UK’s net zero plans and energy security. [pdf]
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Energy Storage NewsSaudi Arabia set to commission 7.8 GWh of batteries this summer . EDF, PSEI close funding for 300-MW California solar-storage complex . Samsung C&T unveils plans for 80-MW battery in New South Wales . [pdf]
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International firms have been invited to participate in a request for qualification for two greenfield solar PV plants, with an aggregate 225MW capacity – part of a wave of public/private-partnerships for which Addis Ababa is seeking international investment, in a major policy turnaround. [pdf]
Thailand installed two sets of KSTAR 5kW+10kWh energy storage systems (BluE-5000D) in December 2020. The storage already provides a clean and stable night-time power supply at the Chumpoll Temple in Ayutthaya Province, Thailand. [pdf]
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Indonesia’s Ministry of Energy and Mineral Resources (MEMR) has enacted MEMR Regulation No. 2/2024, which abolishes net metering for rooftop PV installations. The country first introduced net metering in November 2018. [pdf]
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Here are some of the latest advancements in energy storage batteries:Zinc Battery: A new zinc battery offers a fire-safe alternative to lithium-ion batteries, providing 3-12 hours of energy storage1.Solid-State Lithium Batteries: These batteries promise higher energy density and improved safety, although their limited lifespan remains a challenge2.Elementa 3 Utility-Scale Battery: This new battery storage system features 565 Ah cells and delivers a rated capacity of 6.017 MWh with a typical discharge duration of four hours3.Jinko's 6.25 MWh Battery: Recently unveiled, this utility-scale battery will begin global deliveries in the fourth quarter of 20254.Advancements in Battery Technologies: Ongoing improvements in energy density and charge efficiency are making batteries more suitable for large-scale energy storage systems and electric vehicles5. [pdf]
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According to BloombergNEF’s recently published Energy Storage System Cost Survey 2024, the prices of turnkey energy storage systems fell 40% year-on-year from 2023 to a global average of US$165/kWh. The research firm said this was the highest annual drop since its survey launched in 2017. [pdf]
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Kathmandu, March 2, 2025 – The Nepal Electricity Authority (NEA) has prioritized the development of pumped storage hydropower projects to manage daily fluctuations in electricity demand and enhance the country’s energy security. [pdf]
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The average cost of lithium-ion batteries is about $115 per kWh in 2024, according to BloombergNEF. This price has dropped by 20% this year. Costs vary based on battery chemistry types and geographical location. [pdf]
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One such groundbreaking technology that has been gaining significant attention is Gravity Energy Storage Technology. This innovative approach utilizes the force of gravity to store and release energy, offering promising possibilities for a more efficient and reliable energy storage system. [pdf]
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In Asuncion, Paraguay, there are several initiatives related to lithium battery energy storage:The city is implementing electrochemical energy storage systems, which are transforming urban energy management by integrating solar-charged batteries1.A shared storage model in Asuncion combines battery storage systems with smart grid technology, significantly reducing electricity bills for local businesses2.Additionally, there are ongoing projects targeting solar PV and battery storage, aiming to enhance energy efficiency in the region3.These developments highlight Asuncion's commitment to advancing energy storage solutions. [pdf]
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