The UK has a pipeline of 2.3GW of commercial and industrial (C&I) and utility scale battery-based energy storage projects, with many developers already looking to ‘stack’ revenues through providing multiple services, a new report has found.
The cost of lithium-ion batteries for energy storage declined 65% in five years between 2010 and 2015, while battery storage’s use for electricity could hit 250GW by 2030, from just 1GW today, according to the International Renewable Energy Agency (IRENA).
What is thought to be India’s first grid-scale energy storage array will be developed and delivered by a joint partnership between system provider AES and Mitsubishi Corporation, it was announced.
US-based energy storage project developer and software company Demand Energy has been acquired by Italian utility company Enel.
The latest step in Hawaii’s clean energy evolution will be the deployment of a 20MW, five-hour duration battery energy storage system paired with 28MW of solar in Kaua’i, to match peak demand with generation.
Lithium mining and extraction companies have made several recent high profile moves to increase their production of the metal, which is used to make the batteries in many stationary energy storage systems and EVs.
Energy storage should be properly valued and supported at federal level in the United States, according to a government document analysing and evaluating energy policy released by officials of the outgoing Obama administration.
Tesla and Panasonic’s Gigafactory in the Nevada desert has now started making high performance cylindrical battery cells of the type used in its stationary storage and forthcoming Model 3.
Canada-headquartered lithium-ion battery manufacturer Electrovaya increased its revenues year-on-year in the financial year which finished at the end of September, but the company also reported increased losses.
Oregon has become the latest US state to lay out its foundations for electricity companies to procure and deploy energy storage systems, with the state Public Utility Commission (PUC) providing guidelines and timelines.
