Market News

Global Stationary Energy Storage Market: Key Developments

In September 2022, Contemporary Amperex Technology Co., Limited announced the new battery production base in Luoyang, Henan Province, China, with a planned area of 113 hectares and a total investment reaching $1.94 billion (14 billion yuan). The plant is expected to help in the expansion of customer reach in the regional market.

In July 2022, Durapower Group launched the DP Omni Battery Pack. These compact, integrated battery packs have a recharge period of under an hour and use high-energy, patented Lithium- Nickel-Manganese-Cobalt-Oxide (NMC) battery cells to achieve pack energy densities above 160 Wh/kg. Additionally, it is made to be future proof so that it can be conveniently upgraded to new battery chemistries and cell designs in the future. This would enable it to be used in energy storage solution (ESS) applications in the future

In November 2021, Duracell entered into partnership with Power Center+ to bring the Duracell Power Center product portfolio of Home Energy Storage solutions to North America and the Caribbean.

In March 2022, Tesla announced that it is establishing new energy storage system production plants in Queensland. In order to provide Queenslanders with more reliable, affordable, and clean electricity, publicly owned generator CS Energy would therefore build a grid-scale battery near Chinchilla. The Tesla Megapack-based battery, which will serve as part of CS Energy's energy center at Kogan Creek, will have a capacity of 100 megawatts and 200 megawatt hours.

In September 2021, in collaboration with project developer Harmony Energy, Fotowatio Renewable Ventures announced that they would deploy Tesla batteries for the "biggest" energy storage facility in the U.K., which will be located in Essex.