Boom

New energy storage boom

Global energy storage additions are on track to set another record in 2025 with the two largest markets – China and US – overcoming adverse policy shifts and tariff turmoil. Annual deployments are also set to scale in Germany, the UK, Australia, Canada, Saudi Arabia and Sub-Saharan Africa, driven. . E-Storage, Canadian Solar's energy storage subsidiary and owner and operator Sunraycer Renewables have entered into agreements for the supply and long-term servicing of two battery energy storage systems (BESS) in Franklin County, Texas, US. The European Investment Bank (EIB) has invested €24. . US energy storage provider Fluence Energy Inc (NASDAQ:FLNC) on Wednesday reported a net loss of USD 62. 1m) for its first fiscal quarter through December, expanding from USD 57 million a year ago, reflecting increased administrative, and sales and marketing expenses. 6 gigawatts (GW) of new capacity came online, according to the latest US Energy Storage Monitor report from the American Clean Power Association (ACP) and Wood Mackenzie. Most of that Q2 growth came from. .