energy storage News & Analysis
2 articles
Market Mood
XCharge (XCGE) Launches Energy Storage GridOne System
XCharge (XCGE) has announced its entry into the energy storage market with its new GridOne system. The GridOne system aims to enhance energy reliability and efficiency, although specific performance metrics and financial figures were not disclosed. This move expands XCharge's product portfolio and positions the company to capitalize on the growing demand for energy storage solutions. The energy storage market is expected to see significant growth, which could potentially provide a positive market impact for XCharge.
Read More: XCharge (XCGE) Launches Energy Storage GridOne System
GM (GM) Partners with Peak Energy on Sodium-Ion Battery Storage
General Motors (GM) announced a collaboration with Peak Energy to develop sodium-ion battery cells for large-scale energy storage, set to target utilities and data centers facing increasing electricity demand. GM will produce the cells at its Michigan battery labs, while Peak Energy will utilize them in its systems. The first cells are expected in trial production by 2028. GM’s partnership is part of a broader move into the energy storage market, which anticipates a doubling of U.S. grid battery demand to over 100 gigawatt-hours by 2030 according to Bloomberg NEF.
Read More: GM (GM) Partners with Peak Energy on Sodium-Ion Battery Storage