cosors
👀
I'll handle that, I rented it anyway.
The Talga Bar
- Thread starter cosors
- Start date
curiousmagpie
Regular
ok geniuses what is the plan here?
mining concession wont be determined until 2026. did they not consider this? was the plan same as last time to hope for the best? instead SURPRISE! share price drifts downwards because everyone knows a dilutive capital raise is coming. the raise more at the bottom for shoveling into the working capital furnace and handicaps the future upside because there are so many more shares on issue.
UBS downgraded target to 80c now because of this.
don’t think I haven’t noticed there a lot less defenders now though. they just say nothing so probably sold. should have taken my advice 2 years ago.
absolute shitshow all round the way this has been managed. why is no one else furious with this?
mining concession wont be determined until 2026. did they not consider this? was the plan same as last time to hope for the best? instead SURPRISE! share price drifts downwards because everyone knows a dilutive capital raise is coming. the raise more at the bottom for shoveling into the working capital furnace and handicaps the future upside because there are so many more shares on issue.
UBS downgraded target to 80c now because of this.
don’t think I haven’t noticed there a lot less defenders now though. they just say nothing so probably sold. should have taken my advice 2 years ago.
absolute shitshow all round the way this has been managed. why is no one else furious with this?
curiousmagpie
Regular
really great breadcrumb dropped 2 weeks ago that he was flying to Melb & Syd to meet brokers to discuss what price they can do a dilutive capital raise at. gave people a couple of days to get out before word spread and the price was back at 40c ready for a 35c cap raise.
great job heres another 2MM free performance options.
cosors
👀
Thanks Gvan for your words and summary in the other place:
"I believe we’ll see the Vittangi project proceed through the remaining regulatory steps. Certain boxes need to be ticked under Swedish law to meet Sweden’s obligations under the Aarhus Convention and ECHR protections on property rights among other things. This doesn’t prevent the Swedish government from prioritising and adopting the plan in a more urgent manner once the review and amendment period is over and CAB submit the plan. However, the process will likely continue to unfold as it has, despite any growing US interest.
I think the Vittangi project will remain EU-centric, while Talga’s future US expansion, driven by growing geopolitical supply chain tensions, will focus on the recycling side as well as using existing and proven battery grade feedstock from within North America. They have the mineral resources, but as Matt Fernley stressed today, the downstream is the important part. Technology, know-how etc. is what's lacking for these other graphite plays and will take far too long to develop without partnership with a company like Talga.
From the recent OTC webinar:
“We’ve got the ability to essentially duplicate what you’re currently getting from Asia, but we can do it from Europe, or within other countries as well by localising to recycled and other natural graphite supplies.”
"We offer reshoring ability. We're not just stuck to one mine in one part of the world."
Talga’s advantage over many other ex-China plays is their stage of development. The engineering, studies, pilot plant etc. have all been completed already. Talga also went down a very different path that would be highly attractive to the US, which is they own their processing technology.
From a previous quarterly webinar:
“We actually don’t use Chinese equipment at all. Which means we don’t have Chinese software, we don’t have Chinese chips, in the same way that Northvolt did and became a bit of a problem in various ways”
“When we have some vehicle companies, and some defence related people come up and audit our place, they go through everything including mining equipment, lab equipment, who’s signing off on calibrating the scales in the lab etc. All has to be from other countries. We use a combination of European and some Asian/Japanese equipment that we developed our own processes for. These are propriety, some of our processes are patented. We use mostly equipment off the shelf, from other vendors used in different industries like food and the pharmaceutical industry... We use the highest quality machinery we get separately and we do not get it from standards Chinese vendors.”
So yes, a great position to be in when you consider how rare this combination is for a producer outside of China."
"I believe we’ll see the Vittangi project proceed through the remaining regulatory steps. Certain boxes need to be ticked under Swedish law to meet Sweden’s obligations under the Aarhus Convention and ECHR protections on property rights among other things. This doesn’t prevent the Swedish government from prioritising and adopting the plan in a more urgent manner once the review and amendment period is over and CAB submit the plan. However, the process will likely continue to unfold as it has, despite any growing US interest.
I think the Vittangi project will remain EU-centric, while Talga’s future US expansion, driven by growing geopolitical supply chain tensions, will focus on the recycling side as well as using existing and proven battery grade feedstock from within North America. They have the mineral resources, but as Matt Fernley stressed today, the downstream is the important part. Technology, know-how etc. is what's lacking for these other graphite plays and will take far too long to develop without partnership with a company like Talga.
From the recent OTC webinar:
“We’ve got the ability to essentially duplicate what you’re currently getting from Asia, but we can do it from Europe, or within other countries as well by localising to recycled and other natural graphite supplies.”
"We offer reshoring ability. We're not just stuck to one mine in one part of the world."
Talga’s advantage over many other ex-China plays is their stage of development. The engineering, studies, pilot plant etc. have all been completed already. Talga also went down a very different path that would be highly attractive to the US, which is they own their processing technology.
From a previous quarterly webinar:
“We actually don’t use Chinese equipment at all. Which means we don’t have Chinese software, we don’t have Chinese chips, in the same way that Northvolt did and became a bit of a problem in various ways”
“When we have some vehicle companies, and some defence related people come up and audit our place, they go through everything including mining equipment, lab equipment, who’s signing off on calibrating the scales in the lab etc. All has to be from other countries. We use a combination of European and some Asian/Japanese equipment that we developed our own processes for. These are propriety, some of our processes are patented. We use mostly equipment off the shelf, from other vendors used in different industries like food and the pharmaceutical industry... We use the highest quality machinery we get separately and we do not get it from standards Chinese vendors.”
So yes, a great position to be in when you consider how rare this combination is for a producer outside of China."
Hi everyone,
I just wanted to give you all a quick update. Some of you have noticed that I’ve been absent lately — and you’re right, I have.
In short, I suffered a workplace injury that’s left me dealing with a lot of anxiety and stress. While I’ve traditionally worked in a high-tech capacity (and yes, as a few of you super-sleuths figured out), I’m now doing lawn mowing and property maintenance in my local area. This is actually part of my treatment and recovery plan.
I’ll still be checking in from time to time — cleaning up abusers, keeping things in order, and making sure the place runs smoothly — but please understand that using technology can still be quite traumatic for me. That’s the only reason I go quiet at times.
Thanks for your patience and understanding.
— Zee
I just wanted to give you all a quick update. Some of you have noticed that I’ve been absent lately — and you’re right, I have.
In short, I suffered a workplace injury that’s left me dealing with a lot of anxiety and stress. While I’ve traditionally worked in a high-tech capacity (and yes, as a few of you super-sleuths figured out), I’m now doing lawn mowing and property maintenance in my local area. This is actually part of my treatment and recovery plan.
I’ll still be checking in from time to time — cleaning up abusers, keeping things in order, and making sure the place runs smoothly — but please understand that using technology can still be quite traumatic for me. That’s the only reason I go quiet at times.
Thanks for your patience and understanding.
— Zee
cosors
👀
I wish you all the best and that you recover quickly. Keep your chin up!
And thanks for letting us know.
curiousmagpie
Regular
cosors
👀
A bit off topic...
Two different attitudes and approaches of mayors with REEs in their municipalities:
Compare the statements of this mayor (~moderate) with those of the socialist in Kiruna. He is sabotaging LKAB's Rare Earth project by simply designating the mining area as a recreational area in the detailed plan. The government has not yet taken this community leader's plan out of their hands. As you know, reindeer herding would not survive this unique underground mining of REEs in Europe, and genocide is looming. Of course, like the mayor in Brazil, he also wants more money for his community. The one down there is paving the way for money, and the one up there is sabotaging to blackmail the government. The choice is free in a democracy:
"Given that rare earths are at the centre of a global dispute, the mayor of Araxá highlights a historic opportunity.
28 July 2025 • 09:50
Araxá is facing an opportunity that could fundamentally change the future of the city. Studies by the Brazilian Geological Service (SGB) confirm the city's great potential for mining rare earths – minerals that are extremely important for the manufacture of electric cars, wind turbines, military equipment and clean technologies.
According to Mayor Robson Magela, this is Araxá's chance to avoid the mistakes of the past.
‘Unlike niobium mining, which made Araxá internationally famous but left most of the money outside our city, rare earths offer the opportunity to redevelop the local economy directly,’ said the mayor.
Robson Magela emphasises that Araxá has the chance to prove that it is possible to exploit these important resources without neglecting urban development.
With the experience we have gained with niobium, our infrastructure and our skilled workforce, we can ensure that the city benefits from this wealth and offers our citizens a higher quality of life and more opportunities," he affirms.
vs: Kiruna's Taaveniku says ... that the government is engaging in colonialism.
Global impact:
The world is engaged in a race for strategic minerals. The United States, Europe and Japan want to diversify their sources of raw materials to reduce their dependence on China, which accounts for around 70% of global refinery production. Araxá has the potential to become a model for Brazil and the world.
‘The experience with niobium is an important lesson. The rare earth exploration project can make Araxá a national example, where we not only sell the resources that make up our city's wealth, but also develop technologies and benefit the population,’ emphasises Robson Magela.
For Minister of Economy Ítalo Borges, rare earths can repeat the economic success of niobium, but with more direct benefits for the city. In the global competition for strategic minerals, Araxá has the opportunity to position itself as a national symbol and combine economic progress with social and environmental responsibility.
‘This is our opportunity to do things differently and better. It's not just about extracting raw materials from the land, but about transforming potential into progress – with innovation, technology and social commitment. The technology park project is the first step. The Araxá city administration is already establishing partnerships with research institutions and private companies to ensure transparent planning with the participation of all,’ says Ítalo Borges.
Future investments:
Australian mining company xyz* Mining has acquired the project and plans to start construction of the mine in 2026. Commissioning is scheduled for 2027. (* no cross promotion; they bought the licence summer last year and it seems that they will go into production even before Talga, and everyone is happy.)
..."
Two different attitudes and approaches of mayors with REEs in their municipalities:
Compare the statements of this mayor (~moderate) with those of the socialist in Kiruna. He is sabotaging LKAB's Rare Earth project by simply designating the mining area as a recreational area in the detailed plan. The government has not yet taken this community leader's plan out of their hands. As you know, reindeer herding would not survive this unique underground mining of REEs in Europe, and genocide is looming. Of course, like the mayor in Brazil, he also wants more money for his community. The one down there is paving the way for money, and the one up there is sabotaging to blackmail the government. The choice is free in a democracy:
"Given that rare earths are at the centre of a global dispute, the mayor of Araxá highlights a historic opportunity.
28 July 2025 • 09:50
Araxá is facing an opportunity that could fundamentally change the future of the city. Studies by the Brazilian Geological Service (SGB) confirm the city's great potential for mining rare earths – minerals that are extremely important for the manufacture of electric cars, wind turbines, military equipment and clean technologies.
According to Mayor Robson Magela, this is Araxá's chance to avoid the mistakes of the past.
‘Unlike niobium mining, which made Araxá internationally famous but left most of the money outside our city, rare earths offer the opportunity to redevelop the local economy directly,’ said the mayor.
Robson Magela emphasises that Araxá has the chance to prove that it is possible to exploit these important resources without neglecting urban development.
With the experience we have gained with niobium, our infrastructure and our skilled workforce, we can ensure that the city benefits from this wealth and offers our citizens a higher quality of life and more opportunities," he affirms.
vs: Kiruna's Taaveniku says ... that the government is engaging in colonialism.
Global impact:
The world is engaged in a race for strategic minerals. The United States, Europe and Japan want to diversify their sources of raw materials to reduce their dependence on China, which accounts for around 70% of global refinery production. Araxá has the potential to become a model for Brazil and the world.
‘The experience with niobium is an important lesson. The rare earth exploration project can make Araxá a national example, where we not only sell the resources that make up our city's wealth, but also develop technologies and benefit the population,’ emphasises Robson Magela.
For Minister of Economy Ítalo Borges, rare earths can repeat the economic success of niobium, but with more direct benefits for the city. In the global competition for strategic minerals, Araxá has the opportunity to position itself as a national symbol and combine economic progress with social and environmental responsibility.
‘This is our opportunity to do things differently and better. It's not just about extracting raw materials from the land, but about transforming potential into progress – with innovation, technology and social commitment. The technology park project is the first step. The Araxá city administration is already establishing partnerships with research institutions and private companies to ensure transparent planning with the participation of all,’ says Ítalo Borges.
Future investments:
Australian mining company xyz* Mining has acquired the project and plans to start construction of the mine in 2026. Commissioning is scheduled for 2027. (* no cross promotion; they bought the licence summer last year and it seems that they will go into production even before Talga, and everyone is happy.)
..."
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Semmel
Top 20
The difference is quite mind boggling if you start thinking about it. One of them knows that the prosperity of the region depends on the businesses that operate in that region. The other thinks that prosperity is a god given and everyone else is responsible for making it happen. Sigh.
Semmel
Top 20
You and me, both!
cosors
👀
Semmel - Hi! - a double shot of schnapps, please!
Anyone who, after all these years, still wonders what's going on up there:
View attachment 92735
How broken and blind can some be?! And the information is celebrated! Nice to have positive news.
And that shows how broken the system is here. Who needs mining when it could take place elsewhere on the globe, regardless of whether this makes us vulnerable to blackmail or whether there are much more dramatic consequences because other countries like Shina don't take it so seriously or simply obtain the resources from Myanmar, for example.
I'm tired of all this.
That's not my society.
If a company wants to develop technology to protect the climate, Sweden is definitely the wrong country with this system, and its green image is nothing but window dressing.
Finland was considered much more open to mining then Sweden...
Finland has long been considered a potential future market for the mining industry, not least thanks to its lithium, nickel and cobalt deposits – minerals that are crucial for battery production and electrification. At the same time, resistance to new mining projects is growing, both among environmental organisations and local residents, due to concerns about the impact on nature and water.
and
If companies of comparable size do not consider Finland attractive enough, this could have consequences for the EU's goal of reducing its dependence on raw materials from China and Africa.
Who cares
Even Serbia has stopped their project.
Whether it will ever happen in Portugal because of environmentalists is anyone's guess.
On the one hand, they shout and demand like Greta does, and on the other hand, they torpedo everything that is necessary for implementation.
I have long since stopped wondering what goes through the minds of these egomaniacal birdbrains.
Fortunately, I have my distraction from this madness with Brazil
An entire advanced civilisation in the stranglehold of fanatically dogmatic moral cultists. To me, that smells like a downfall of a high society.
Unable to achieve their own goals. Up there and here in Germany, any decline in industry is celebrated because it means less CO2 emissions on paper.
Rio Tinto lämnar Finland – avslutar all prospektering
Den globala gruvjätten Rio Tinto drar sig helt ur Finland och avslutar all malmletning i landet. Det bekräftar bolagets landschef Maria Lohela för den finska public service-kanalen Yle. Beslutet innebär att företaget överger samtliga sina malmletningstillstånd och sätter punkt för flera års...www.metallerochgruvor.se
Oh dear Aussies, what did Sweden do to you when they lured you in for the green transition.
"
The Land and Environment Court of Appeal has today given the green light for continued mining operations in Kaunisvaara. The granted permit covers both the current operations at the Tapuli mine and the development of two new open pits in Sahavaara and Palotieva.
Svemin welcomes the ruling but highlights that the prolonged permitting process clearly shows that the Swedish system is in need of reform.
– It is, of course, positive that the Land and Environment Court of Appeal has confirmed Kaunis Iron’s permit. At the same time, it is troubling that the process has taken so long – six years since the application was submitted. The potential in the Sahavaara and Palotieva deposits is significant, and the projects are important for regional development, says Maria Sunér, CEO of Svemin.
Kaunis Iron’s case is a clear example of how a slow and unpredictable permitting system can hinder planning, delay investments, and create uncertainty.
– We cannot build the industry of the future with processing times like these. Sweden needs a faster, more legally secure, and predictable permitting system in order to maintain its position as a leading mining nation, says Tobias Kluge, legal counsel at Svemin, and continues:
– This drawn-out process makes it harder for the company to plan and carry out necessary investments. In addition, the ruling can still be appealed.
Kaunis Iron had applied for extended enforceability so that the entire operation could begin immediately, even if the permit is appealed. However, the court rejected the request for extended enforceability*. This means that parts of the operation cannot commence until the ruling has gained legal force.
– Hopefully, no appeal will be filed**, but if it is, it is now crucial that the Supreme Court handles the case without delay. In order to proceed with the full-scale project, the permit must gain legal force. Kaunis Iron has stated that ore from the current open pit is expected to run out by the end of 2027, says Kluge."
**
Semmel, please give me the whole bottle...
Kaunis Iron Granted Permit – But the Process Shows Reform is Needed
2025-05-13The Land and Environment Court of Appeal has today given the green light for continued mining operations in Kaunisvaara. The granted permit covers both the current operations at the Tapuli mine and the development of two new open pits in Sahavaara and Palotieva.
Svemin welcomes the ruling but highlights that the prolonged permitting process clearly shows that the Swedish system is in need of reform.
– It is, of course, positive that the Land and Environment Court of Appeal has confirmed Kaunis Iron’s permit. At the same time, it is troubling that the process has taken so long – six years since the application was submitted. The potential in the Sahavaara and Palotieva deposits is significant, and the projects are important for regional development, says Maria Sunér, CEO of Svemin.
Kaunis Iron’s case is a clear example of how a slow and unpredictable permitting system can hinder planning, delay investments, and create uncertainty.
– We cannot build the industry of the future with processing times like these. Sweden needs a faster, more legally secure, and predictable permitting system in order to maintain its position as a leading mining nation, says Tobias Kluge, legal counsel at Svemin, and continues:
– This drawn-out process makes it harder for the company to plan and carry out necessary investments. In addition, the ruling can still be appealed.
Kaunis Iron had applied for extended enforceability so that the entire operation could begin immediately, even if the permit is appealed. However, the court rejected the request for extended enforceability*. This means that parts of the operation cannot commence until the ruling has gained legal force.
– Hopefully, no appeal will be filed**, but if it is, it is now crucial that the Supreme Court handles the case without delay. In order to proceed with the full-scale project, the permit must gain legal force. Kaunis Iron has stated that ore from the current open pit is expected to run out by the end of 2027, says Kluge."
Kaunis Iron Granted Permit – But the Process Shows Reform is Needed - Svemin
The Land and Environment Court of Appeal has today given the green light for continued mining operations in Kaunisvaara. The granted permit covers both the Tapuli mine and the two new open pits in Sahavaara and Palotieva.
www.svemin.se
*As is the case with us, without any need to decide this way. Simply voluntarily because that is what they want. Do you remember the arrogant, aloof statement made by the court's bloke, their boss? There exist no reasons to prioritise or expedite this case. None whatsoever. His words.**
Semmel, please give me the whole bottle...
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cosors
👀
All right, I have one more, but this time it's positive:
Until 2012, a coal-fired power plant belched smoke at Munmorah Lake, 80 kilometers north of Sydney. But since the beginning of August, electricity has been stored here emission-free in 3,500 white containers: A huge new battery storage facility has gone into operation, which stores energy from solar and wind power plants and balances fluctuations in the electricity grid.
The "Waratah Super Battery," with a storage capacity of at least 1.4 gigawatt-hours, can supply around one million households with electricity for one hour or 80,000 households for an entire day. With a capacity of 850 megawatts, it is expected to be as powerful as a large coal-fired power plant by the end of the year.
This project is just one example of a global trend: the energy storage market is booming. According to market analysts Rho Motion, as reported by the portal Energy Storage News, 136.5 gigawatt-hours (GWh) of battery storage capacity were connected to the grid worldwide by the end of September – more than three times the capacity of all German pumped storage power plants (40 GWh). China is driving expansion most aggressively, planning to add another 180 GWh of battery storage capacity by 2027.
Unlike pumped-storage hydroelectric plants, for which there are hardly any new sites available in Germany , battery storage systems are compact, come in practical containers, and can be easily installed, for example, next to a solar power plant. And they have become so inexpensive that large-scale construction is now financially viable. According to the Fraunhofer Institute for Solar Energy Systems, solar power plants with integrated batteries in Germany supply significantly cheaper electricity than coal and gas-fired power plants.
The technology providers are now also positioning themselves as a solution for periods of low wind and solar power generation, extended periods with insufficient wind and sunshine. The German government is currently planning primarily new gas-fired power plants for this purpose. The German-Norwegian company Eco Stor has now presented an analysis showing that 1000 GWh of battery storage – or 125 gigawatts of capacity over eight hours – could reduce the required reserve power plant capacity by 30 gigawatts. However, the analysis acknowledges that Germany cannot guarantee a secure energy supply without any reserve power plants at all.
Currently, numerous battery storage facilities are planned in Germany, and many are already under construction. This week, construction began on a 0.7 GWh storage facility on the site of the former Gundremmingen nuclear power plant in Bavaria. When completed, it is expected to be the largest battery storage facility in Germany. This record is currently held by a facility near Bollingstedt in Schleswig-Holstein, which went online this summer.
Across Europe, battery storage is booming. In 2024, the European battery fleet grew to 61 GWh, according to a study by the industry association SolarPower Europe: "This means that one-third of all batteries installed in Europe were built in just one year." The study predicts that by 2029, the Europe-wide battery park will have grown to 400 GWh.
The largest wind energy plant in Europe began operating in March in Scotland near the village of Keith (population 5,000): At the Blackhillock substation, batteries with a capacity of 0.4 GWh help stabilize the electricity grid, into which increasing amounts of wind power are being fed. The plant is expected to grow by another 50 percent next year.
are still China and the USA the leaders in installed battery capacity, with around 215 and 82 gigawatt-hours respectively by the end of 2024, according to market analysts Rho Motion. China plans to install another 180 GWh by 2027, with leading battery manufacturers such as CATL.
The country also dominates production.
In the US, some of the world's largest battery projects have gone into operation in recent years. The market there grew by 60 percent in 2024, according to analysts at Rystad Energy. At its peak, batteries in California already covered 30 percent of the country's electricity demand, the experts say. The sunny state operates the world's largest battery storage facility in the Mojave Desert.
Economics from Above #353 – Energy Storage These images show the worldwide boom in battery storage.
Exclusive satellite images reveal: Gigantic battery parks are springing up worldwide, storing solar and wind power – and making entire nuclear power plants obsolete. "Economy from Above" is a collaboration with LiveEO. November 4, 2025 - 12:02 PMUntil 2012, a coal-fired power plant belched smoke at Munmorah Lake, 80 kilometers north of Sydney. But since the beginning of August, electricity has been stored here emission-free in 3,500 white containers: A huge new battery storage facility has gone into operation, which stores energy from solar and wind power plants and balances fluctuations in the electricity grid.
The "Waratah Super Battery," with a storage capacity of at least 1.4 gigawatt-hours, can supply around one million households with electricity for one hour or 80,000 households for an entire day. With a capacity of 850 megawatts, it is expected to be as powerful as a large coal-fired power plant by the end of the year.
This project is just one example of a global trend: the energy storage market is booming. According to market analysts Rho Motion, as reported by the portal Energy Storage News, 136.5 gigawatt-hours (GWh) of battery storage capacity were connected to the grid worldwide by the end of September – more than three times the capacity of all German pumped storage power plants (40 GWh). China is driving expansion most aggressively, planning to add another 180 GWh of battery storage capacity by 2027.
Unlike pumped-storage hydroelectric plants, for which there are hardly any new sites available in Germany , battery storage systems are compact, come in practical containers, and can be easily installed, for example, next to a solar power plant. And they have become so inexpensive that large-scale construction is now financially viable. According to the Fraunhofer Institute for Solar Energy Systems, solar power plants with integrated batteries in Germany supply significantly cheaper electricity than coal and gas-fired power plants.
The technology providers are now also positioning themselves as a solution for periods of low wind and solar power generation, extended periods with insufficient wind and sunshine. The German government is currently planning primarily new gas-fired power plants for this purpose. The German-Norwegian company Eco Stor has now presented an analysis showing that 1000 GWh of battery storage – or 125 gigawatts of capacity over eight hours – could reduce the required reserve power plant capacity by 30 gigawatts. However, the analysis acknowledges that Germany cannot guarantee a secure energy supply without any reserve power plants at all.
Currently, numerous battery storage facilities are planned in Germany, and many are already under construction. This week, construction began on a 0.7 GWh storage facility on the site of the former Gundremmingen nuclear power plant in Bavaria. When completed, it is expected to be the largest battery storage facility in Germany. This record is currently held by a facility near Bollingstedt in Schleswig-Holstein, which went online this summer.
Across Europe, battery storage is booming. In 2024, the European battery fleet grew to 61 GWh, according to a study by the industry association SolarPower Europe: "This means that one-third of all batteries installed in Europe were built in just one year." The study predicts that by 2029, the Europe-wide battery park will have grown to 400 GWh.
The largest wind energy plant in Europe began operating in March in Scotland near the village of Keith (population 5,000): At the Blackhillock substation, batteries with a capacity of 0.4 GWh help stabilize the electricity grid, into which increasing amounts of wind power are being fed. The plant is expected to grow by another 50 percent next year.
are still China and the USA the leaders in installed battery capacity, with around 215 and 82 gigawatt-hours respectively by the end of 2024, according to market analysts Rho Motion. China plans to install another 180 GWh by 2027, with leading battery manufacturers such as CATL.
The country also dominates production.
In the US, some of the world's largest battery projects have gone into operation in recent years. The market there grew by 60 percent in 2024, according to analysts at Rystad Energy. At its peak, batteries in California already covered 30 percent of the country's electricity demand, the experts say. The sunny state operates the world's largest battery storage facility in the Mojave Desert.
cosors
👀
But the records in the US are likely to be significantly surpassed elsewhere very soon. For example, earlier this week the state-owned energy company Masdar celebrated the groundbreaking in Abu Dhabi for a gigantic energy storage facility that will store 19 GWh of electricity – almost six times as much as the plant in Mojave.
The project is combined with a 5.2-gigawatt solar power plant. When the plant goes into operation in 2027, the battery will enable it to provide one gigawatt of clean electricity around the clock – as much as a medium-sized nuclear power plant. And the storage systems are not only suitable for the Earth's sunbelt – but also for the icy Arctic.
The technology is still in its infancy. Lengthy grid connections and approval processes are delaying planned projects in many places. It also remains to be seen how profitable storage systems will be in a changing energy system.
Despite all the uncertainties: In a recent study, the Norwegian classification society DNV assumes that by 2060 almost half of all solar power plants will be equipped with storage – compared to two percent today.
Note: This article was first published on October 30, 2025, in WirtschaftsWoche. We are republishing it due to reader interest.
Here you will find all articles from the section "Economics from Above"
WirtschaftsWoche
By positive, I mean, of course, if the Sami and the environmentalists allow society to implement this.
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