
Recently, Egypt’s Ministry of Electricity and Renewable Energy, the Egyptian Electricity Transmission Company, and a consortium comprising Infinity Power and Hassan Allam Utilities Energy Platform formally signed an agreement to jointly develop solar power projects with a total installed capacity of 1.2GW, coupled with the construction of a 720MWh battery energy storage system. [pdf]

Recently, multiple energy storage battery and material projects have announced updated progress: CATL's 80 GWh project has entered steel structure construction, Shenzhen Pengcheng Infinite New Energy Co., Ltd. launched the building of a 27 GWh energy storage cell base, 3d (Longyan) Battery Technology Co., Ltd.'s 1 GWh solid-state lithium battery project officially broke ground, and Tianmulake Excellent Anode Materials Co., Ltd.'s lithium battery material project was signed and finalized. [pdf]

According to the data of the National Energy Administration, from the perspective of investment scale, since the "14th Five-Year Plan", the new new energy storage capacity has directly promoted economic investment of more than 100 billion yuan, driven the further expansion of the upstream and downstream of the industrial chain, and become a "new driving force" for China's economic development. [pdf]

This project, developed by Vietnam Electricity (EVN) in collaboration with the Asian Development Bank (ADB), Rocky Mountain Institute (RMI), Global Energy Alliance for People and Planet (GEAPP), and the Vietnam Energy Institute, marks a crucial step towards Vietnam’s target of developing 300MW of energy storage by 2030, as outlined in the latest Eighth Power Development Plan (PDP 8). [pdf]
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