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Energy Storage Facts & News

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08
Oct

Renewable energy’s role in economic recovery driving 1TWh of energy storage demand by 2030

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, almost triple 2020 figures in GWh terms.  source: energy storage news
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06
Oct

This year ‘marks the start of continued global expansion’ for energy storage industry, IHS Markit says

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 news
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18
Aug

Solar power accounts for 10% of electricity generated in the EU.

In June and July, solar power accounted for one tenth of all electricity generated in the European Union. A record amount of almost 39 terawatt hours (billion kilowatt hours) was also generated. This is stated by climate think tank Ember in a new analysis. In 2018, considerably less solar electricity was generated during the two summer months. At that time, it was more than 28 terawatt hours. The Netherlands was...
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17
Aug

US utilities set to add 10,000MW of battery storage to the grid by 2023

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) takes a deep dive into the numbers. Planning data collected from project developers by December...
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16
Aug

New York transmission line proposal includes 600MWh of battery storage

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 Leadership and Community Protection Act legislation requires that 70% of electricity must come from renewables sources...
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11
Aug

Tremendous investment: US bipartisan infrastructure legislation puts billions into energy storage

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 pass in the House of Representatives but is considered highly likely to do so, given...
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02
Aug

NextEra Energy developing 2.8GW of US battery storage through 2024

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 of those 16 projects are four-hour duration battery energy storage system (BESS) projects, with one three-hour...
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24
Jul

Almost US$10 billion raised by battery storage firms in first six months of 2021

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 storage, smart grid and energy efficiency. Mercom publishes the reports on a quarterly basis and...
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