To integrate a targeted 500GW of non-fossil fuel energy onto its networks by 2030, at least 160GWh of energy storage will be needed in India by that time, according to the India Energy Storage Alliance (IESA). This energy storage capacity would include front-of-the-meter grid-scale storage, storage for integrating renewable energy directly, storage for distribution and...Continue Reading
Enabling power grids to function more flexibly and resiliently, the deployment of battery storage across the US has increased from about 100MW at the end of 2012 to 1,650MW by the end of 2020, accelerating from an inflection point year in 2015. A new report from the US Department of Energy’s Energy Information Administration (EIA)...Continue Reading
A 150MW / 600MWh battery storage system would be a central component of a proposed “state-of-the-art clean energy underground highway,” capable of transmitting renewable energy into New York City from Upstate New York, Energy-Storage.news has heard. New York’s electric transmission system needs to be able to support the ongoing and rapid growth of renewable energy. The state’s Climate...Continue Reading
The US’ bipartisan infrastructure bill’s passing by the Senate has been applauded by a range of energy storage industry stakeholders for helping unlock the country’s clean energy potential. US$1.2 trillion in infrastructure spending on everything from road building to phasing out lead water pipes has been committed to through the legislation. It now needs to...Continue Reading
Companies in the battery storage industry raised US$9.6 billion in corporate funding during H1 2021. This total was a huge leap on the pandemic-depressed first half of 2020, when the figure stood at just US$716 million. Research firm Mercom Capital Group has released its latest report into funding and merger and acquisition (M&A) activity in battery...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
Today Energy Storage is offered in various types and options. It becomes difficult to see the forest for the trees. Here is an overview of the most important ones today. Source : Smart Energy https://www.smart-energy.com/industry-sectors/storage/the-different-types-of-energy-storage-and-their-opportunities/Continue Reading
Europe is well on track to compete for the role of battery leader of the world. European investment in the battery ecosystem peaked at 60bn Euro, which is 3 times higher then China’s. With full support of the European commission and its institutions, the energy storage industry in Europe will easily become a multi-billion dollar...Continue Reading
To reach its climate goals, energy storage becomes paramount in Europe’s energy strategy. Asia is currently leading the pack in battery innovations but Europe is catching up gradually, and has to, to act independently in this important pillar of the economy. Source : EuroporterContinue Reading
