The global lithium-ion battery market surpassed $150 billion in 2025, growing over 20 per cent from 2024. Batteries are key for automotive, power systems, digital infrastructure, and emerging technologies, becoming foundational to modern economies while raising strategic concerns over supply security and industrial competitiveness.
Masdar, a clean energy leader, has reached financial close on a package worth more than $225 million for the Guzar 300-megawatt (MW) solar power plant and 75-megawatt-hour (MWh) battery energy storage system (BESS) in Kashkadarya, Uzbekistan.
Leading Chinese battery manufacturer CATL has opened its first new energy aftermarket facility in the Middle East at Riyadh. The launch of the Ning Service Experience Center comes as Saudi Arabia advances its ambitious electrification and decarbonisation goals under Vision 2030.
