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Energy storage

8/5/2024 News

Global energy storage market records biggest jump yet

The global energy storage market almost tripled in 2023, the largest year-on-year gain on record, according to a new study by BloombergNEF (BNEF).

Energy prices

Head and shoulders photo of Ian Gadsby, Managing Director, Ylem Energy

10/5/2023 Comment / Ian Gadsby

As wholesale energy costs come down, are businesses finally out of the woods?

Third-party energy costs are at their highest point ever for UK businesses, and inflation and volatility in the fossil fuels market make it likely they will increase further. Here, Ian Gadsby, Managing Director of Ylem Energy, discusses how onsite generation and storage can alleviate this pressing issue.

BESS

Rows of solar panels in dusty earth set against bright blue sky

5/6/2024 News

Australia’s first eight-hour battery to be co-located at NSW solar farm

RWE is to build what will be Australia’s first eight-hour battery near Balranald, in New South Wales (NSW). Meanwhile, a new study suggests that some long-duration energy storage technologies could ‘out-compete’ lithium-ion batteries on cost in some markets.

Energy storage

Battery storage systems by wind farm in desert

14/8/2024 News

Li-ion BESS market set for growth, while new leasing deal promises to ‘unlock’ European sector

Global demand for lithium-ion (Li-ion) battery-based energy storage systems (BESS) is projected to soar as renewable energy sources increasingly integrate into power grids worldwide. According to IDTechEx’s latest report, the market is expected to reach $109bn in value by 2035, with over 4.4 TWh installed worldwide, driven by government incentives, technological advancements and the rising need for grid stability. Meanwhile, a new long-term tolling agreement is looking to ‘unlock’ energy storage opportunities across Europe.

Energy storage

Photo of Richard Butland, CEO, Highview Power, standing next to model of buildings lit up in red and blue

17/5/2023 Comment / Richard Butland

With record-breaking wind energy production, now is the time to add long duration energy storage

The UK needs to add a significant long duration energy storage capability to its electricity system to maximise the use of wind power and reduce reliance on gas and coal-fired power. Richard Butland, CEO of Highview Power, writes.

Thermal energy

Head and shoulders photo of James Macnaghten

7/8/2024 Comment / James Macnaghten

How solar thermal storage can decarbonise industrial heat

While the growth of solar power for electricity generation has been spectacular, the use of solar-generated power to produce and store heat for industrial users is at a much earlier stage. But the technology and potential is there, writes James Macnaghten, CEO of the UK-based energy storage supplier Caldera.

Net zero / decarbonisation / energy transition

Head and shoulders photo of Steve Hodgson, standing in front of blue door

25/2/2026 Comment / Steve Hodgson

Renewables and efficiency, yes, but fossil fuel use has to fall

What have 30 years observing the energy industry taught Steve Hodgson FEI, Editor-at-Large at New Energy World? That increasing green energy is not enough; the world also has to begin an exit from fossil fuels to prevent a climate catastrophe that has already started.

Energy storage

Head and shoulders photo of Alan Greenshields, Director of Europe, ESS

26/6/2024 Comment / Alan Greenshields

New technology options for long-duration energy storage

The increasing incorporation of local renewable generation capacity into electricity grids has led to the development of new energy storage technologies, writes Alan Greenshields, Director of Europe for iron flow battery developer ESS.

Coal

26/7/2023 News

Australian coal exports remain constrained despite lifting of Chinese restrictions

Australia is expected to reap mixed benefits from the lifting earlier this year of China’s unofficial ban on imports of Australian coal. Meanwhile, the country is reportedly leading the global market for battery energy storage systems, and has declared a new area as suitable for future offshore wind development.

Energy storage

Head and shoulders photo of Oonagh O’Grady

10/12/2025 Comment / Oonagh O’Grady

From reliance to resilience: how energy storage can unlock EU energy independence

Long duration energy storage (LDES) capable of storing energy between eight and 24 hours is key to fulfilling Europe’s future flexibility needs. Therefore, European policy should support it, writes Oonagh O’Grady, Vice President International Origination at energy storage developer Hydrostor.

New Energy World™

Search results:

Global energy storage market records biggest jump yet

As wholesale energy costs come down, are businesses finally out of the woods?

Australia’s first eight-hour battery to be co-located at NSW solar farm

Li-ion BESS market set for growth, while new leasing deal promises to ‘unlock’ European sector

With record-breaking wind energy production, now is the time to add long duration energy storage

How solar thermal storage can decarbonise industrial heat

Renewables and efficiency, yes, but fossil fuel use has to fall

New technology options for long-duration energy storage

Australian coal exports remain constrained despite lifting of Chinese restrictions

From reliance to resilience: how energy storage can unlock EU energy independence