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    To Balance Supplies By H2 Energy, $107 Bn Assigned By Japan

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    US Clean Hydrogen Roadmap For Net-Zero Emissions Economy

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    Game Changing Tech Can Help EV, Aviation Get Enhanced Cells

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    Student team aids H2 storage & transport issue resolution

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    EU Modernisation Fund Backs 31 Energy Projects in 7 Nations

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    Central American Development Bank commits $800 million toward the fuel relief effort

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    Array Technologies increased revenue 35% to US$872.7 million in 2020

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    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

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    Toyota granted Zero Emission CARB Executive Order for heavy-duty fuel cell electric powertrain kit

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    SFC Energy AG Strengthens North American Business and Opens Competence Center for Hydrogen Fuel Cells in Canada

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    TECO 2030 Starts Manual Production of Fuel Cell Stacks

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    To Balance Supplies By H2 Energy, $107 Bn Assigned By Japan

    To Balance Supplies By H2 Energy, $107 Bn Assigned By Japan

    US Clean Hydrogen Roadmap For Net-Zero Emissions Economy

    US Clean Hydrogen Roadmap For Net-Zero Emissions Economy

    Game Changing Tech Can Help EV, Aviation Get Enhanced Cells

    Game Changing Tech Can Help EV, Aviation Get Enhanced Cells

    Student team aids H2 storage & transport issue resolution

    Student team aids H2 storage & transport issue resolution

    EU Modernisation Fund Backs 31 Energy Projects in 7 Nations

    EU Modernisation Fund Backs 31 Energy Projects in 7 Nations

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    US Solar Installations Soar To New Heights In Quarter1 2023

    Sluggish US Energy Storage Expansion In 2023 1st Quarter

    UK To Charge Renewable Energy Generators A 45% Windfall Tax

    Denmark Halts New Area Allocation For Offshore Wind Projects

    Offshore Wind Leasing Review In Gulf of Mexico Done By BOEM

  • Market Moves
    Refiners Should Not Be Making Above Normal Profits- Biden

    Refiners Should Not Be Making Above Normal Profits- Biden

    Cluster of Businesses Want The EU To Improve Energy Security

    Cluster of Businesses Want The EU To Improve Energy Security

    Enel plans to expand power distribution business into US

    In A Move To Avert Blackouts Australia Halts Power Market

    Central American Development Bank commits $800 million toward the fuel relief effort

    Central American Development Bank commits $800 million toward the fuel relief effort

    A New 500-MW Supercritical Coal-Fired Power Plant Going into Operationa in Philippines

    EU Reduces Plans of Fossil-Fueled Electricity By One-Third

    BP to invest up to £18 billion in UK energy system by 2030

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

  • Press Statements

    CWIEME Berlin attracted thousands of visitors to Messe Berlin

    CWIEME Berlin off to a stellar start

    Introducing the CWIEME Advisory Board for 2023

    Toyota granted Zero Emission CARB Executive Order for heavy-duty fuel cell electric powertrain kit

    Toyota granted Zero Emission CARB Executive Order for heavy-duty fuel cell electric powertrain kit

    SFC Energy AG Strengthens North American Business and Opens Competence Center for Hydrogen Fuel Cells in Canada

    SFC Energy AG Strengthens North American Business and Opens Competence Center for Hydrogen Fuel Cells in Canada

    TECO 2030 Starts Manual Production of Fuel Cell Stacks

    TECO 2030 Starts Manual Production of Fuel Cell Stacks

    Sustainable energy: industry get-together at hy-fcell

    India achieved a solar share of 10.69 percent of installed power capacity

    Altea Green Power inks deal with Aer Soleir to build 300MW projects in Italy

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    TotalEnergies starts up its fourth solar power plant in Japan

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US, China, Europe Dominate Global Battery Storage Investment

in Featured, News

Investment when it comes to battery storage from all over the world has gone on to more than double in 2022, thereby touching $20 billion, with countries such as the US, China, as well as Europe comprising 90% of the total expenditure towards it, as per the latest report from the International Energy Association.

According to the IEA, the capital cost when it comes to batteries rose for the very first time in a decade in 2022 because of numerous elements, like a tight supply chain in the case of battery metals as well as a rise in demand.

The investments happen to be concentrated majorly across three markets due to the technological complexities when it comes to the value chain as well as the need for supportive policies apart from the market designs. China, apparently, offers the lowest cost for utility-scale batteries, followed by Europe and then the US.

It is well to be noted that China’s spending when it comes to battery storage went on to triple in 2022, thereby reaching around $8 billion. The most prominent projects within the sector across the year included the construction of the world’s largest battery storage peak-shaving power setup. The International Energy Association anticipates investment in battery storage in China to touch $14 billion due to strong policy support as well as favourable economic conditions.

Apparently, battery storage investment in the US increased more than 50% year-over-year and is expected to touch $13 billion by this year. The US, notably, has an increasingly supportive environment because of the inflation reduction action. As far as Europe is concerned, investment within the sector touched $5 billion; however, hydro storage still happens to be dominant.

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