News

The International Energy Agency (IEA) predicts that a significant decline in battery costs for energy storage over the next few years will accelerate the transition from fossil fuels to renewable energy, as reported on Apr. 25.

Sam Altman, OpenAI CEO, to address the massive power demands of data centers, has recently expanded into renewable energy, particularly focusing on solar power and energy storage, alongside investments in nuclear fusion technology.

Vietnam-based electric vehicle maker VinFast, which is deemed as Tesla's rival, is set to aquire a 99.8% stake in battery maker VinES from its founder Pham Nhat Vuong to ramp up its integration in the production value chain and competitive advantage.

Two Chinese manufacturers of energy storage systems and batteries are considering investments worth hundreds of millions of dollars in Vietnam, according to industry and government sources.

Total Eren, Adaro Power and PJBI have signed a power purchase agreement (PPA) with PLN for a 70-MW wind farm equipped with a 10-MW battery energy storage system to be located in Tanah Laut in Indonesia.

Thailand’s Energy Regulatory Commission (ERC) has selected 175 companies for the first phase of its renewables scheme. It has attracted massive interest, receiving proposals with a combined capacity of almost 17GW, more than three times its 5.2GW target.

The new battery storage facilities worth £900 million in Scotland will improve resilience during downtime, according to Michael Matheson, cabinet secretary for Net Zero, Energy, and Transport.

The US and the European Union have agreed to increase their partnership to support green energy in Sub-Saharan Africa, including energy storage and off-grid power systems in its remit.