Analysis

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

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