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Canadian Solar subsidiary inks 2.5 GWh BESS deal for US data center support
E-storage will supply battery energy storage system (BESS) to major US utility with shipments expected to start in March 2027. Parent firm Canadian Solar says supply will “supporting data center grid infrastructure and resiliency.”
“MACSE price levels were driven by bearish battery cost expectations. The market reality today is very different.”
“You can’t work miracles, so the problem remains — there will certainly be an impact for everyone,” Gabriele Buccini, head of Utility Storage at Trina Solar, told pv magazine Italia, referring to market volatility and the risks facing BESS manufacturers, which are now operating in a very different market environment than just six months ago.
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Deye announces Brazil battery factory, first outside China
Focused on making its equipment more competitive in Brazilian and other South American markets, Deye plans to start production of stationary lithium batteries in the first quarter of 2025. The products should be 30% cheaper than imported models. In a second phase, production of inverters will begin, generating more than 1,000 jobs.
Imported LFP battery cells from China could be cheaper than US-made products even after tariff hikes
While all lithium iron phosphate (LFP) battery cell supplies to the US currently come exclusively from China, local players are ramping up to start supplying the market from 2026 onwards. Different outcomes are on the table depending on the tariffs applied.
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Global energy storage market: H1 2024 installation figures
Policy mandates in China have driven the global energy storage market in the first half of 2024 to new highs, backed by the rapid growth in the US market. Meanwhile, Europe posted mixed results. Robin Song, InfoLink Consulting’s energy storage analyst, breaks down the figures.
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US power grid adds 4.2 GW of battery storage in H1 2024
Battery storage accounted for the second largest share of newly operating generating capacity in the United States during the first half of 2024. If all planned additions come online, this year could see a record amount of battery storage capacity added to the grid amounting to 15 GW.
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