KORE Power halts Arizona energy storage factory
The Arizona cell manufacturing plant is on hold, with little detail provided by Kore. The founder and CEO has also stepped down.
Tesla’s 2024 energy storage revenue surpasses $10 billion
Records are tumbling for Tesla’s battery energy storage business with revenues growing 67% and deployments surging 114% year-on-year.
New York’s NineDot secures funds for 400 MWh of urban batteries
The New York City-based developer of urban, “community-scale” battery energy storage systems has landed a $65 million finance package from lenders led by First Citizens Bank.
Sunrise brief: CPUC kicks community solar deadline to 2026
Also on the rise: The future of U.S. solar in five charts. Commercial and industrial rooftop solar business secures $847 million. And more.
BNEF: Lithium-ion battery pack prices drop to record low of $115/kWh
Battery prices continue to tumble on the back of lower metal costs and increased scale, squeezing margins for manufacturers. Further price declines are expected over the next decade.
Utility-scale battery storage best practices to mitigate hazards
Report from Leeward Renewable Energy finds that improving chemistries, management systems and knowledge are helping.
esVolta secures $110 million for 300 MWh battery project in California
The energy storage facility in San Jose will provide resource adequacy support to Pacific Gas & Electric.
Capstone and Eurowind plan eight-hour, 3.2 GWh battery storage project in California
Energy planning body the California Energy Commission (CEC) is considering an application for a big battery that would be operational by June 2028.
Fortescue launches battery pack manufacturing plant in Detroit
Australian mining and green energy major Fortescue plans to launch its manufacturing efforts in the United States by producing a high-voltage battery pack with up to 34 kWh capacity built around the company’s scalable battery module technology.
Energy storage is a solved problem
There are thousands of extraordinarily good pumped hydro energy storage sites around the world with extraordinarily low capital cost. When coupled with batteries, the resulting hybrid system has large energy storage, low cost for both energy and power, and rapid response. Storage is a solved problem.
