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Finland's Fortum just applied for permits to build two massive energy storage facilities in Sweden that could power the country's clean energy future. The projects would nearly 10x the company's current storage capacity in the region.
After decades of stagnation, America's oldest renewable energy source is making a comeback through innovative storage projects that could power the AI boom. New pumped hydro facilities are set to store clean energy on a massive scale, giving this "forgotten giant" a fresh purpose.
New South Wales just fast-tracked two massive pumped hydro projects that will store renewable energy for up to 16 hours, helping Australia move beyond coal power. Together, they'll generate enough electricity to power every home in Perth during peak demand.
For the first time ever, battery energy storage systems have overtaken traditional pumped hydropower as the world's largest energy storage technology. This breakthrough marks a turning point in our ability to store clean energy and power the grid reliably.