- In October 2024, BYD announced a global strategic partnership with Black Myth: Wukong, becoming the game’s exclusive automotive brand partner. Black Myth: Wukong, China’s first AAA game, achieved record-breaking global sales, surpassing 10 million copies within three days of release
- In December 2024, Eos Energy Enterprises is expanding its manufacturing footprint to meet growing demand for zinc-based energy storage in the U.S. In addition to its Mon Valley Works expansion under Project AMAZE, the company is searching for a new facility, Factory 2 Works, to support its mission for safe, cost-effective, and sustainable energy storage. This expansion is key to addressing the increasing need for long-duration energy storage to support renewable energy sources and stabilize the grid
- In October 2024, Schneider Electric has partnered with Noida International Airport to implement building and energy management solutions, including Electrical SCADA and Advanced Distribution Management Systems. The collaboration aims to enhance operational efficiency, sustainability, and reduce energy consumption. Schneider Electric will provide innovative technologies for monitoring HVAC, electrical, and plumbing systems, as well as integrate various airport sub-systems. This partnership will help the airport achieve its sustainability goals and improve overall operational effectiveness
- In April 2024, SMA Solar Technology AG has introduced the SMA eCharger, a new PV-optimized charging solution for electric vehicles. Combining solar and grid power, it charges EVs up to 50% faster than standard wallboxes. Seamlessly integrated with the SMA Home Energy Solution and managed via Sunny Home Manager 2.0, it maximizes self-generated solar energy use. With easy installation, automatic updates, and future-ready technology, the SMA eCharger supports sustainable mobility and offers installers a new e-mobility solution to drive the energy transition forward
- In December 2024, Wärtsilä has been selected by Origin Energy to deliver Stage 3 of the Eraring battery project at the Eraring Power Station in New South Wales, Australia. This expansion adds 700 MWh of storage, bringing the total facility capacity to 700 MW / 2,800 MWh, making it the largest battery project in Australia and one of the largest globally. Wärtsilä’s Quantum energy storage system and GEMS Digital Energy Platform will enhance grid stability and support Origin’s transition away from coal. Completion of Stage 3 is expected by end of 2025
Frequently Asked Questions
BYD COMPANY LTD (China), LG Energy Solution (South Korea), ABB (Switzerland), Bosch Limited (Germany), The AES Corporation (U.S.), Wärtsilä (Finland), Schneider Electric (France), SMA Solar Technology AG (Germany), Freudenberg Group (Germany), Eos Energy Enterprises (U.S.), ATX Networks Corp. (Canada), Beacon Power, LLC (U.S.) are major players in battery energy storage system market.
In April 2024, SMA Solar Technology AG has introduced the SMA eCharger, a new PV-optimized charging solution for electric vehicles. Combining solar and grid power, it charges EVs up to 50% faster than standard wallboxes. Seamlessly integrated with the SMA Home Energy Solution and managed via Sunny Home Manager 2.0, it maximizes self-generated solar energy use. With easy installation, automatic updates, and future-ready technology, the SMA eCharger supports sustainable mobility and offers installers a new e-mobility solution to drive the energy transition forward.
The countries covered in the market are China, Japan, India, South Korea, Australia, Singapore, Indonesia, Thailand, Malaysia, Philippines, Rest of Asia-Pacific, Germany, U.K., France, Italy, Spain, Russia, Switzerland, Netherlands, Belgium, Turkey, Rest of Europe, U.S., Canada, Mexico, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America.
