The cost of long-duration, grid-scale energy storage should be reduced 90% within this decade in order to accommodate the “hundreds of gigawatts of clean energy” needed, US Secretary of Energy Jennifer Granholm said yesterday.
The National Renewable Energy Laboratory (NREL) in the US has forecast dramatic cost reduction trends for battery energy storage to continue on a rapid trajectory to 2030 with reductions continuing at a slower pace through to 2050.
MAN Energy Solutions, a Volkswagen-owned engineering group perhaps best known for its work with diesel engines, has formally signed a deal to supply turbomachinery for Highview Power’s 50MW / 250MWh liquid air energy storage (LAES) project in the UK.
A group of eight transmission system operators (TSOs) across Europe have launched a joint initiative to highlight and develop the role that the grid plays in enabling decarbonisation targets to be met.
The electricity system operator (ESO) arm of National Grid in the UK has outlined four different pathways for the future of energy in the country in its Future Energy Scenarios 2021 document, detailing the transformation of the energy mix and flexibility, the residential sector and the transport sector.
Vertically-integrated solar PV company Canadian Solar has been awarded a 45MW / 45MWh battery storage project by Colombia’s Ministry of Energy and Mines.
A seasonal heat storage plant which will have a capacity of about 90GWh looks set to begin construction next year in Vantaa, Finland, with water stored in underground caverns heated to 140°C using renewable energy and waste heat.
Tesla Energy has begun an initiative to install its V3 solar roof tiles and Powerwall 2 residential battery storage systems for what has been dubbed a “solar neighbourhood” at homes in a new development in Austin, Texas.
Two startups seeking to disrupt the energy sector with novel long-duration energy storage technologies have formed partnerships with established industry players.
New York Governor Andrew Cuomo has said the state is “exploring every resource available as a potential tool to address climate change,” as funding was announced for long-duration energy storage technologies along with investigation on the role of green hydrogen in decarbonisation.
