Global energy storage
To support the global transition to clean electricity, funding for development of energy storage projects is required. Pumped hydro, batteries, hydrogen, and thermal storage are a few of the
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Tesla battery Megafactory in Shanghai launches production
With an initial annual production capacity of 10,000 units, or roughly 40 gigawatt-hours of energy storage, this Megafactory is set to significantly contribute to Tesla''s global energy storage
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Beyond Lithium: The Next Frontier In Energy Storage
According to BloombergNEF, global battery storage capacity doubled in 2023, and most of that growth came from lithium-ion technology. Companies like Tesla, LG Energy Solution, and
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Tesla battery gigafactory in Shanghai launches production
Covering about 200,000 square meters, the new energy storage project attracts a total investment of 1.45 billion yuan ($200 million). Up to 10,000 Megapack units are scheduled to be
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Tesla''s Megapack 3 and Megablock: Scaling Grid-Scale Energy Storage
To meet rising demand, Tesla broke ground in Brookshire/Waller County, Texas, on a new “Megafactory” dedicated to Megapack 3 and Megablock production. This facility aims for up to
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The New Energy Storage Field: Powering Tomorrow''s Energy Revolution
When the 409-MW Moss Landing Energy Storage Facility went online in 2022, it became the world''s largest lithium-ion battery farm. During California''s heatwaves, it provides 4 hours of
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Solar, battery storage to lead new U.S. generating capacity additions
In 2025, capacity growth from battery storage could set a record as we expect 18.2 GW of utility-scale battery storage to be added to the grid. U.S. battery storage already achieved record growth in 2024
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US Energy Storage Installations Reach New Quarterly Record in Q2
According to the report, U.S. storage will reach 87.8 GW by 2029, driven by residential and utility-scale segments amidst a constantly evolving policy environment.
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Global Energy Storage Boom: Three Things to Know
Globally, annual energy storage deployment (excluding pumped hydropower plants) is set to hit another all-time high at 92 gigawatts (247 gigawatt-hours) in 2025 – 23% higher than in 2024.
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Tesla''s new mega factory project in Shanghai officially launched
The new project, located in the Lingang new area of the China (Shanghai) Pilot Free Trade Zone, is scheduled to break ground in the first quarter of 2024 and start production in the
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