Battery Storage Outperforms Gas Turbines on Cost
Battery storage has become more affordable than open-cycle natural gas turbines across 43 global markets, according to a new report from Wood Mackenzie.

Battery storage has become more affordable than open-cycle natural gas turbines across 43 global markets, according to a new report from Wood Mackenzie.

German company GICON has installed a 365-meter-tall telescopic wind turbine in Brandenburg, setting a new global height record for wind energy facilities.
China has launched its first 100 MW compressed CO2 energy storage facility, capable of delivering 180 million kWh of electricity annually.

Texas grid demand reached a record 91.1 GW in 2026, while Colorado approved a new 805 MW renewable energy project amid shifting labor trends in the solar sector.

China's coal-based power generation dropped below 50 percent in the first half of 2026, while wind and solar capacity grew by 16.8 percent.

Large-scale compressed-gas energy storage projects are growing in size, but they continue to struggle with economic competitiveness against batteries and pumped hydro.

China has launched a 700 MW compressed air energy storage facility in Jiangsu, utilizing deep salt caverns and thermal recovery to achieve over 70 percent efficiency.

RheEnergise has proven its dense-fluid pumped hydro technology works, but scaling the system faces significant material and economic hurdles.

China has commissioned a 700 MW underground compressed air energy storage facility in Jiangsu province, capable of storing 2.8 GWh per cycle.
