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ShengShu’s $293 million funding round accelerates AGI development and data center expansion in China. The move intensifies demand for grid-scale battery storage to support surging power needs.
ShengShu secures $293 million for AGI amid surging AI data centers' power needs. The funding accelerates demand for grid-scale batteries worldwide.
ShengShu raised US$293 million for AGI amid surging AI data center energy storage needs. China’s battery leaders like CATL position to supply critical storage for global AI infrastructure.
Allen Institute researchers reverse-engineered Google's SynthID detection on September 12, 2024, enabling 99.8% accurate verification of AI-generated battery lifespan data. This advances energy storage modeling and grid stability forecasts.
Tesla has completed installation of its largest Megapack deployment outside North America, a 300 MW/1.2 GWh battery storage system in South Australia designed to stabilize the grid during peak renewable generation.
A team at MIT has demonstrated a new iron-air battery chemistry capable of storing electricity for up to 100 hours at one-tenth the cost of lithium-ion, potentially solving the long-duration storage challenge.
California Governor signed legislation requiring utilities to procure 15 GW of new energy storage capacity by 2032, the most aggressive storage mandate in US history, with $2.8 billion in state incentives.
BYD second-generation Blade Battery has achieved over 1,000 km of range in independent tests, using a new lithium iron phosphate chemistry that charges from 10% to 80% in just 18 minutes.
New data from Lazard shows that solar-plus-storage levelized costs have dropped below $40 per megawatt-hour in optimal locations, making the combination cheaper than new natural gas peaker plants for the first time.
Contemporary Amperex Technology has started construction on its largest factory outside China, a 100 GWh facility in Debrecen, Hungary, that will supply battery cells to BMW, Mercedes-Benz, and Volkswagen.
Multiple manufacturers have begun shipping sodium-ion battery cells at prices 60% below equivalent lithium-ion products, marking the technology transition from laboratory curiosity to commercial reality.
Europe installed a record 16 GW of new grid-scale battery storage in 2025, bringing total capacity to over 30 GW as countries race to integrate surging renewable energy generation.