[Australia: 120 gigawatt hours of energy storage can provide 98.5% renewable energy supply] The latest simulation study shows that the Australian national electricity market can achieve nearly 100% renewable energy supply with only 24 gigawatts/120 gigawatt hours of energy storage, of which renewable energy accounts for 98.5% and the remaining 1.5% is supplemented by other energy sources. This simulation is based on actual electricity data since August 2021, scaling wind and photovoltaic power generation to 60% and 45% of annual demand, respectively, and utilizing existing hydropower synergy balance. The estimated power supply cost is $126 per megawatt hour, which is equivalent to the wholesale electricity price level in the past five years.Editor/Yang Meiling

Click to see more live >>

• 2026.02.09 16:30
• [EU sets new high for battery energy storage installation by 2025]
• In 2025, the EU will add 27.1 gigawatt hours of battery energy storage capacity, a year-on-year increase of 45%, setting a historical record. Since 2021, the total scale of energy storage in the European Union has surged from 7.8 gigawatt hours to 77.3 gigawatt hours, an increase of nearly tenfold. The report points out that public utility scale projects have become the main force, accounting for 55% of the annual new installed capacity, indicating a significant shift in market structure. To meet the energy flexibility needs by 2030, the EU needs to increase its energy storage capacity tenfold to approximately 750 gigawatt hours to support large-scale integration of renewable energy.Editor/Yang Meiling

• 2026.02.09 16:29
• [State Grid and CEE jointly discuss high-quality development of energy and electricity]
• State Grid Corporation of China Chairman Zhang Zhigang and General Manager Zhang Wenfeng held talks with China Electric Equipment Group Chairman Li Hongfeng and General Manager Yan Huafeng at the headquarters. Both sides agree that the equipment manufacturing industry is a core component of the modern industrial system and plays an important role in safeguarding national security and promoting high-quality development. Around the development goals of energy and power in the 15th Five Year Plan, both sides will strengthen the coordination of the industrial chain and enhance their independent and controllable capabilities; Deepen forward-looking technological cooperation and promote the integration of technology and industrial innovation; Strengthen cooperation in major engineering support to ensure project safety and quality; Expand international business cooperation and provide high-quality services to jointly build the the Belt and Road.Editor/Yang Meiling