Analysis

As the use of renewable energy installations rises, there's an increasing need for flexible resources on the grid. The International Energy Agency (IEA) has assessed factors like national grid load curves and renewable energy gene...  more

In the midst of industry development dilemmas, unlocking breakthroughs hinges on tapping into emerging markets. Beyond those contributing significantly to the surge in solar PV installations, attention is now turning to novel mark...  more

Reflecting on recent market trends, the cost of lithium carbonate and ESS bidding prices have remained at a low point, fostering an advantageous environment for heightened ESS demand. Although the ESS market is currently in its of...  more

When it comes to energy storage in Europe, the initial association for most individuals is typically home energy storage. However, with the reduced costs of solar and energy storage in 2023, the utility-scale photovoltaic (PV) and...  more

In the first half of 2023, the U.S. market experienced a noteworthy development, marking a new installed capacity of 2.5GW/7.7GWh in energy storage. However, due to supply chain challenges and delays in connecting large-sized ener...  more

In 2023, the global economy weakened, and inflation saw a decline, impacting the willingness of key contributing countries to undertake major installations. Concurrently, the production capacities of raw materials crucial for sola...  more

Influenced by various factors like the rapid expansion of new energy capacity, the evolution of power trading models, the decrease in raw material costs, and backing from national policies, the global new energy storage market is ...  more

2022 marked a pivotal moment for the energy storage sector. Fueled by favorable conditions both at home and abroad, the global energy storage market experienced explosive growth. This momentum has continued into 2023, with the mar...  more