Analysis

In line with India’s National Electricity Plan, the country is set to require 74 GW/411 GWh of energy storage capacity by 2032. The Indian government has unveiled a comprehensive framework aimed at fostering the utilization of ene...  more

According to the EIA, the newly added energy storage capacity with battery sizes exceeding 1MW in the United States soared to 3.3GW in the first seven months of 2023, marking an impressive 91% year-on-year increase. In a more spec...  more

By examining prominent energy storage markets overseas, such as the United States and Europe, it becomes evident that three pivotal factors are propelling the rapid surge in global demand for energy storage: the power market, poli...  more

EnergyTrend recently reported that Narada Power, on September 7th, announced its intention to invest in the project with the annual production capacity of 4GWh. This strategic move aims to bolster the company’s energy storage syst...  more

This year has seen a rapid expansion in the industrial and commercial energy storage sector, driven primarily by a combination of favorable policies and market dynamics. Policy support has played a pivotal role, characterized by a...  more

TrendForce’s research reveals that the power battery market is currently experiencing a slump in supply and demand, primarily due to sluggish downstream demand. In August, China’s power battery sector saw a notable decline in pric...  more

EnergyTrend has received information that REPT is gearing up for the mass production of its Wending 320Ah battery, scheduled to commence this October. This milestone is set to usher in a new era of high-capacity energy storage bat...  more

Recently, several international companies, including Solaredge, Enphase, Tesla, and Fluence, have released their semi-annual reports for the year 2023. Notably, these reports collectively highlight the sustained growth in the over...  more