Analysis

In 2023, the commercial and industrial (C&I) energy storage sector saw a significant uptick in installations, marking a pivotal moment with 4.77 gigawatt-hours (GWh) of energy storage capacity added. This surge was largely fue...  more

With the rapid development of residential energy storage in Europe, it has emerged as a key player in the realm of energy transformation. On one hand, the imperative of transitioning to renewable energy sources is undeniable. On t...  more

The European energy storage market is primarily fueled by its commitment to enhancing energy self-sufficiency and the compelling economics of energy storage systems (ESS). As the destocking process gradually nears its conclusion, ...  more

In 2023, amidst a fierce price war among suppliers and a fragmented competitive landscape, the domestic energy storage companies find themselves heavily reliant on mandatory policy installations. Concerns about future development ...  more

Since 2023, the battleground of pricing has grown fiercer, with the cost of lithium carbonate plummeting, signaling an escalation in the price wars of ESS tender projects. Amidst industry fluctuations, pricing has emerged as the p...  more

According to the report, Scatec, a Norwegian renewable energy company, has unveiled the Kenhardt solar farm in the Northern Cape, boasting a capacity of 540 MW. This project, featuring 225 MW of battery storage and a total storage...  more

Top 3 European Markets for Battery Storage Installations in 2023 Germany, the U.K., and Italy emerged as the leading markets for battery storage installations in Europe during 2023. According to TrendForce statistics, Germany, the...  more

In 2023, Germany emerged as the leading market for energy storage in Europe. The growth trend across the continent for ESS installations remained robust. According to data from the European Energy Storage Association (EASE), total...  more

Excessive inventory posed a significant challenge for the European residential battery storage market in 2023. According to EESA statistics, new installations in Europe's residential battery storage sector amounted to 5.1GWh in th...  more

Fueled by factors such as a significant uptick in wind and solar installations, an expedited process of power market reform, fluctuations in ESS prices, and clearer policies, the global energy storage market is experiencing a peri...  more