Renewable infrastructure: solar power plants (2,000 MW), small hydroelectric plants (500 MW), and battery storage systems (5,520 GWh/year) operational by 2040. Energy auctions: national electric power auction program implemented by 2025. [pdf]
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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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Here are some new energy projects equipped with energy storage systems:CHN Energy has 132 new energy storage projects in operation, totaling 4,934 MW/10,956 MWh capacity, utilizing various technologies like electrochemical and flywheel systems1.By 2025, the country aims for large-scale development of new energy storage to enhance renewable power consumption and stabilize the electric grid2.Numerous projects are underway, with an expected 896 MW of energy storage capacity operational by 2024, supporting both local and national energy needs3.In the first half of 2023, the installed capacity of new energy storage projects in China reached 8.63 million kilowatts, equivalent to the total installed capacity of previous years4. [pdf]
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Ouagadougou is home to several innovative energy storage projects aimed at addressing the region's energy challenges:The Ouagadougou Peak Valley Energy Storage project is a significant initiative designed to meet Burkina Faso's urgent energy needs, contributing to the global energy storage industry1.The Ouagadougou Energy Storage Capsule Project offers a high-tech solution to energy supply issues, showcasing advanced technology to improve energy reliability2.Additionally, various storage solutions are being explored to optimize the use of solar energy, which is abundant in the region, as over 40% of generated solar energy is wasted during peak production hours3.These projects represent Burkina Faso's commitment to enhancing its energy infrastructure and sustainability. [pdf]
KUALA LUMPUR (Jan 26): Tenaga Nasional Bhd will kick-start a 400 megawatt-hour (MWh) battery energy storage system (BESS) pilot project in this quarter, marking Malaysia’s first utility-scale battery storage project to address intermittency issues of renewable energy (RE). [pdf]
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On March 1, 2025, Tanzanian President Samia Suluhu Hassan laid the foundation stone for a $50 million liquefied petroleum gas (LPG) storage facility in Tanga, marking a significant milestone in the country’s efforts to transition towards clean and sustainable energy solutions. [pdf]
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Santo Domingo – The executive director of the National Energy Commission (CNE), Edward Veras, announced during Energyear Caribe 2024 that the CNE’s board of directors approved the modification of Resolution CNE-AD-0004-2023, which raises the storage requirements for renewable energy projects. [pdf]
The third edition of the UL 9540 Standard for Safety for Energy Storage Systems and Equipment, published in April 2023, introduces replacements, revisions and additions to the requirements for system deployment. [pdf]
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Cyprus will begin implementing renewable energy storage systems in 2026 at the earliest, Energy Minister George Papanastasiou announced during parliamentary discussions on Tuesday, addressing the country’s growing need to manage excess green energy production. [pdf]
Austria's new solar policy, effective April 2024, brings significant changes to the renewable energy landscape. For residential energy storage systems, the policy introduces a 3 EUR/MWh electricity transition tax, while increasing taxes and reducing incentives for small-scale solar systems. [pdf]
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The average 2024 price of a BESS 20-foot DC container in the US is expected to come down to US$148/kWh, down from US$180/kWh last year, a similar fall to that seen in 2023, as reported by Energy-Storage.news, when CEA launched a new quarterly BESS pricing monitor. [pdf]
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DTEK Group, a private investor in Ukraine’s energy sector, has announced a €140m investment plan to construct a series of battery energy storage systems (BESS) in the country with a combined capacity of 200MW. [pdf]
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Since 2024, the overseas market energy storage installed capacity began to show a recovery trend. Inverter demand began to return to growth at the same time, and the product prices also began to stabilize. [pdf]
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