With the installation of renewable energy set to expand rapidly between now and 2050, new challenges will start to face the world’s electricity and energy networks. A major concern is that renewable energy is currently curtailed when generation outstrips demand. Energy storage is needed to capture this energy to later feedback into the grid when […]
> The Chinese battery energy storage market is set to triple between 2024 and 2033, according to Rho Motion’s BESS Outlook. By 2033, it is forecast that 90% of China’s BESS installations will be grid-scale storage. Most grid scale systems will be standalone, continuing the falling market share of renewable-paired storage systems. This trend is set […]
> The US threw down an incentive-laden gauntlet when it launched the Inflation Reduction Act last year. Europe has a range of energy storage incentives, but none of them are at the same scale as the IRA, meaning Europe could be losing out as its homegrown companies move across the pond. In the US, these incentives […]
> Carbon emissions from heavy-duty vehicles need to fall 16% this decade to meet net-zero emission targets, according to the International Energy Agency. While battery trucks are likely to make up the bulk of the electrified truck fleet, the demands of longer-distance trucking can’t always be met by batteries and instead may use hydrogen fuel cells. […]
> Lithium chemical prices spiked in China on Monday following a bullish speech by the chairman of Ganfeng – the world’s third-largest lithium producer – in which it was suggested that lithium demand growth could reach 30% in 2026. In a keynote speech on 16 November at the 10th International Summit on Power Battery Application in […]
> In the season of Q3 result releases, battery manufacturer CATL has reported record financial performance. Cumulative revenue from Q1–Q3 rose from RMB259bn ($36bn) in 2024 to RMB283bn ($39.3bn) in 2025, a year‑on‑year increase of 9%. Net profit also rose 41% between Q3 2024 and Q3 2025, from RMB13.14bn ($1.87bn) to RMB18.55bn ($2.58bn). Efficiency gains underpin profit growth Increasing efficiency has […]
> NEO Performance Materials (NEO), a Canadian company with 30 years of rare earths industry experience, officially opened its rare earth permanent magnet (REPM) plant in Narva, Estonia, with a high-level ceremony on September 19, with Benchmark in attendance. The Narva plant marks NEO’s second rare earth facility in Estonia, complementing its established Silmet rare earth […]
> Chinese battery maker REPT signed a deal to supply 10 gigawatt hours of lithium ion batteries to the US energy storage company Energy Vault, as the Tsingshan-backed company looks to expand its presence in the energy storage market to take on bigger rivals such as CATL and BYD. The development comes as more Chinese battery […]
> Benchmark Mineral Intelligence today announced the commercial launch of its new 314Ah lithium iron phosphate (LFP) cell price for energy storage applications. The announcement comes as global LFP battery cell prices show signs of recovery, following a marked rebound in lithium carbonate costs and tightening supply conditions across the battery materials market. Benchmark’s Head of […]