Its release followed an October 2024 announcement by the UK government of a new Long Duration Electricity Storage (LDES) investment support scheme that will help build energy
Considering an off grid solar energy system? Learn the pros and cons of different solar solutions. Contact Northern Solar for a professional assessment.
By 2025, battery prices could dip below $100/kWh, making energy storage an even more cost-effective solution. 🏛️ Tailwinds of the IRA: The Inflation Reduction Act (IRA) helps accelerate record-setting growth in energy
Saudi Arabia has officially connected its largest battery energy storage system (BESS) to the grid, marking a significant milestone in the country''s renewable energy expansion. The project proponents describe the
The scene is set for significant energy storage installation growth and technological advancements in 2025. Outlook and analysis of emerging markets, cost and supply chain risk, storage demand growth
Disseminated on behalf of SolarBank Corporation. According to EIA''s latest Preliminary Monthly Electric Generator Inventory report, the U.S. power grid is expected to add 63 gigawatts (GW) of new utility-scale electric
15 Asian Power, China''s largest offshore solar-hydrogen project connects to grid, 8 January 2025 deploying both pumped hydropower storage and BESS is highly likely to continue in 2025 as is
Declining storage costs, improving battery performance, grid stability needs, the lag of other power alternatives, and a surge in solar-plus-storage projects are together supercharging this battery integrated solar
"Energy storage is crucial for energy security and to help outpace rising demand." Grid-scale storage takes up the lion''s share of install numbers. Q3 2024 reached a new record,
China installed a record 60 gigawatts (GW) of new solar photovoltaic (PV) capacity in the first quarter of 2025 – the highest ever recorded in a first quarter in the country''s
China installed more solar panels in power plants than on rooftops last year for the first time since 2020 as President Xi Jinping''s push to build large-scale renewable facilities in inland deserts boosted growth. The
At the utility-scale level, modularity and ease of permitting are expected to drive contracted solar capacity, which outpaced wind in 2024, to grow to twice the contracted wind capacity in 2025.
Regional Leadership and Market Dynamics China continues dominating global renewable deployment, controlling 80% of solar panel production and expected to install 250 GW of new solar capacity in 2025.
The total installed capacity of distributed solar in China is expected to reach 130 GW by the end of the year. This will include about 92 GW from C&I projects and 38 GW from
The Baochi Storage Station in Yunnan integrates lithium and sodium-ion technologies at scale, a global first, aiming to stabilize renewable energy and cut costs as China accelerates its energy
As we approach 2025, the combination of solar power and energy storage systems is rapidly emerging as the dominant solution for the future of global energy.
Painful and beautiful While the new GOP spending law targets wind and solar power as part of a partisan crusade against renewables, cutting tax credits off after
CHN Energy''s Guohua Energy Investment Co. Ltd. has connected the first batch of PV units to the grid at its 1 GW open-sea offshore solar project, 8 km off Dongying in Shandong province, China.
These priorities have materialised in two major investment trends. First is the significant push for grid, storage, and smart infrastructure, as seen from USD 88 billion in transmission and distribution investment in 2025.
China is significantly increasing its grid investment to support the surge in renewable energy, ensuring that clean power reaches homes and businesses efficiently.
The European Market Outlook for Battery Storage 2025–2029 analyses the state of battery energy storage systems (BESS) across Europe, based on data up to 2024 and
In an astonishing leap for the energy sector, China recently installed a record-breaking 93 gigawatts (GW) of solar capacity in just one month—May 2025. This figure surpasses the total annual solar installations of
Solar power and battery storage are expected to lead new U.S. generating capacity additions in 2025, according to the Energy Information Organization (EIA). The EIA expects 63 gigawatts (GW) of new utility-scale
As the world transitions to a green and low-carbon energy future, the solar industry is expected to maintain its growth trajectory in 2025. Industry forecasts suggest that
China is significantly increasing its grid investment to support the surge in renewable energy, ensuring that clean power reaches homes and businesses efficiently. According to the country''s National Energy
At the utility-scale level, modularity and ease of permitting are expected to drive contracted solar capacity, which outpaced wind in 2024, to grow to twice the contracted wind capacity in 2025. 34 Deals may scale, as reflected in the
The energy storage industry''s trajectory in recent years has been nothing short of remarkable, driven by increased customer recognition of these assets'' critical roles in grid
Amid a record amount of new solar capacity added in China in 2024, the share held by small-scale, "distributed" arrays fell to 38%, from 58% in 2022. Grid constraints, policy changes, and pricing
With 2000 quality exhibitors, 150,000 sq. m., together with the world-leading companies Longi, Tongwei, Trina, and Jinko, show the whole chain of the solar industry. As one of the largest and most influential PV tradeshows
Curtailment is increasingly prevalent in high-penetration markets, underlining the need for grid flexibility, storage, and new business models. PV represented more than 75% of all new renewable generation capacity installed globally in 2024.
While renewable installations are set to continue, investment growth is expected to slow in 2025 and, in the case of solar PV, even to fall back slightly. China''s evolving macroeconomic priorities have long shaped its approach to energy
The cumulative installed capacity of new energy storage in China is expected to exceed 100 gigawatts (GW) by 2025, according to the Energy Storage Industry Research White Paper 2025 released by the Institute
This has led to an increase in investments aimed at enhancing technology and reducing costs associated with off-grid solar systems.Recent trends indicate a shift towards the integration of innovative technologies like energy storage and
