Microgrids improve electric reliability, decrease energy costs and act as a climate change solution. The benefits: they enhance electric reliability improve recovery and resiliency reduce energy costs for individuals and businesses. support clean energy and the environment. reinforce the primary grid. improve cybersecurity. benefit society economically. increase community well-being. Conclusion People & organizations profit from...Continue Reading
What are supercapacitors and why not use them instead of batteries? Supercapacitors have several advantages over batteries (eg. L-Ion): they (dis)charge far faster, have a longer lifetime and are non-flammable. And thanks to recent innovations they can also store sufficient amounts of energy per kg to be used as ‘batteries’. 247 Energy’s SuperCap-based energy storage is...Continue Reading
Europe is expected to have 32.2 GWh of residential battery energy storage systems across 3.9 million homes by the end of 2026. This is according to the medium scenario of the European Market Outlook for Residential Battery Storage 2022-2026 report, released in December by SolarPower Europe. Under the high scenario, over 44 GWh of home...Continue Reading
To support its growth, 247 Energy changes office to a new building in Beveren, Belgium. The facility also houses a demo room of the disruptive battery solutions. The office is powered by solar energy & batteries. 247 Belgium is based in Beveren, Schaarbeekstraat 20 E1.1.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
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 operating life of the batteries is a major factor in the reliability and cost of energy storage systems such as those used as backup power supplies or for the reduction of generated power fluctuations from renewable energy sources. Current Lithium-Ion batteries however have other disadvantages: * Protection required – Lithium-ion cells and batteries are not as...Continue Reading
