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South Korea to invest $223 million in next-generation distributed grid, including ESS
The South Korean government has announced plans to invest KRW 321 billion ($222.6 million) in 2026 to upgrade regional distribution networks, deploy 85 energy storage systems, and expand solar integration while piloting microgrids and market reforms.
EU installs 27.1 GWh of battery storage in 2025 as utility-scale systems drive majority of growth
Utility-scale installations now represent more than half of new capacity in a significant market shift, while residential storage, long the main growth driver, declined due to lower electricity prices and reduced support schemes, a new report from SolarPower Europe finds.
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In Conversation: ‘Good time to be battery storage developer’
At Intersolar Europe 2024, ESS News spoke with George Hilton, research and analysis manager at S&P Global, about the state of play in the battery energy storage supply chain and falling prices. According to Hilton, the overcapacity at every level of the supply chain has led to prices that are no longer sustainable for many market players. Meanwhile, technological innovation has led to an unprecedented variety of battery storage technologies on offer, and for a great number of markets the right time to jump in is now.