This report comes to you at the turning of the tide for energy storage: after two years of rising prices and supply chain disruptions, the energy storage industry is starting to see price declines and much-anticipated supply growth, thanks in large part to tax credits available via the Inflation Reduction Act of 2022 (IRA) and a drop in the price of lithium-ion battery packs. [pdf]
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Air energy storage projects are approved through a series of regulatory processes and stakeholder engagements that ensure environmental, economic, and social considerations are met. 1. Initial Proposal Submission, 2. Environmental Review, 3. Community Engagement, 4. Final Approval from Regulatory Bodies. [pdf]
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GanfengLiEnergy won the "2024 China Top Ten Energy Storage Lithium Battery Brands" award for its outstanding performance and continuous innovation in the field of energy storage. This selection includes multiple indicators such as R&D strength, brand reputation, supply capacity, sales/shipments, etc. [pdf]
When the Lima Power Plant recently won the bid for a major energy storage project, it wasn’t just another corporate press release. This move signals a tectonic shift in how utilities are tackling the “duck curve” dilemma—that pesky gap between solar power generation and evening energy demand. [pdf]
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