Latest Update in the SMM Energy Storage Market

【SMM Analysis】Saudi Arabia has recently launched a significant energy project, initiating the prequalification process for an 8GWh battery energy storage project. This is the country's first battery energy storage system (BESS) project under the public-private partnership (PPP) model. This initiative is part of Saudi Arabia's energy transition plan, aiming to achieve 48GWh of energy storage capacity by 2030 to support its goal of having 50% renewable energy in its power mix and ultimately reaching net-zero carbon emissions by 2060.

In October 2024, China's production of high-purity manganese sulphate declined both MoM and YoY. In terms of supply, due to environmental protection inspections in Guangxi......

With Gasgoo Daily, we will offer daily important automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which will provide detailed information.

In October 2024, China's retail sales of passenger vehicles reached 2.261 million vehicles, reflecting an 11.3% increase over the previous year and a 7.2% rise from September.

Arcadium Lithium reported a dip in Q3 lithium production and sales, citing a slowdown in market demand and ramp-up delays in Argentina.

Albemarle reported a net loss of US$1.1 billion in Q3 2024.

AMG Critical Materials N.V. reported Q3 2024 revenue of US$356 million, a 3% year-over-year decrease, driven by lower lithium and vanadium prices.

Lithium Argentina reported the operational results for Q3 2024, citing increased production at its flagship Caucharí-Olaroz lithium brine project in Argentina.