Battery storage capacity in the US more than tripled to 4,631GW in 2021 and increasingly broadened out of ancillary services, according to the Energy Information Administration (EIA). The amount of battery storage capacity grew 220%, from 1,438MW in 2020, driven by the commissioning of 106 utility-scale systems with 3,202MW, the EIA said. That means 2,923MW...Continue Reading
Volkswagen has started construction of its 40GWh battery cell gigafactory in Salzgitter, Germany, and the company plans to dedicate capacity to grid-scale energy storage in future. The automative group announced the start at a ground breaking ceremony yesterday (7 July). The facility it set to open in 2025 and will produce battery cells for electric...Continue Reading
Total demand for energy storage between this year and 2030 could be close to 1TWh worldwide, according to analysis from Wood Mackenzie Power & Renewables. The consultancy has issued the latest edition of its ‘Global energy storage outlook’ report today, predicting that the energy storage market this year will see 12GW / 28GWh of deployments,...Continue Reading
Research firm IHS Markit has said that 2021 marks the start of a continued period of rapid growth for the global energy storage industry, forecasting more than 12GW installations in total this year. source: energy storage newsContinue Reading
US utility giant NextEra Energy added 1.84GW of renewables and energy storage projects to its backlog in Q2 2021. NextEra said its energy storage development programme includes 1,322MW of large-scale battery storage ranging in size from 25MW to 230MW in various US states with signed long-term contracts and a commercial operation date (COD) in 2022. The majority...Continue Reading
The world is in a chip-making crisis. But reasonably soon, the shortage will be over, and a very different, equally gargantuan opportunity will come into focus: We are going to need batteries — massive numbers of batteries. According to a forecast last week by BloombergNEF, a clean energy research firm, the world is going to require...Continue Reading
Electric vehicles are approaching price parity with gas-powered cars. Leaders on the EV market are developing innovative battery designs to enable longer-range vehicles at lower costs. The total cost of ownership for a like-for-like EV dropped below that of a Toyota Camry in 2019! Soon sticker prices likely will do the same. Source: ARK Investment...Continue Reading
Renewable Energy Systems in the UK secured the necessary permissions to develop a 100MW energy storage project. The solution will go live in 2023. Source : Energy Storage News https://www.energy-storage.news/news/res-secures-planning-approval-for-100mw-uk-battery-storage-projectContinue Reading
As we say goodbye to nuclear power plants, three new gas generators and battery storage will provide sufficient capacity and stability respectively on the Belgian electricity network. Source : De Standaard https://www.standaard.be/cnt/dmf20210430_94880867Continue Reading
