Nearly 12,000MWh of energy storage could be installed in the US during 2021 and the market will continue growing significantly over the next few years, according to research and analysis group Wood Mackenzie Power & Renewables.
The Americas region is on track to leapfrog Asia-Pacific in terms of deployed energy storage by 2025, before accounting for more than half of global capacity by the end of the decade, new analysis from Wood Mackenzie suggests.
Almost 70% of home solar PV in Germany comes with battery energy storage attached and the country’s residential storage market represented around 2.3GWh of installed capacity by the end of 2020.
The US’ installations of advanced energy storage — almost entirely lithium-ion battery systems — went beyond the 1GW mark in 2020, while in capacity terms the figure was close to 3.5GWh.
Analysis and research firm IHS Markit has predicted that over 10GW of new energy storage will be deployed during this year, with around half of those additions in the US market.
The February 2021 episode of the Solar Media Podcast is now available to stream and asks the question: Could solar energy deployment in 2021 top 200GW?
There are seven utility-scale energy storage system integrator companies that currently lead a global market poised for significant expansion, with Fluence and Tesla currently competing for the top spot, according to a new industry ranking report from Guidehouse Insights.
The cost of Lithium-ion battery packs has fallen close to 90%, and rates lower than US$100/kWh have been reported for the first time, foreshadowing rapid declines across the energy storage market.
There are 7GW of battery energy storage projects that have either been proposed or are in the planning process in Australia, with the average project in that pipeline sized at around 150MW.
North America is currently leading the world for utility-scale energy storage deployments, but could be overtaken by the second-largest market, the Asia-Pacific region, as early as 2023, according to forecasting and analysis by Guidehouse Insights.
Europe’s residential battery energy storage systems (BESS) market is expected to continue its upward trajectory in the coming years after 745MWh of additional capacity was installed in 2019, representing a 57% increase year-on-year.
A selection of video replays from the Energy Storage Digital Series, hosted earlier this year by Energy-Storage.news’ publisher Solar Media are available on YouTube and have been compiled into a handy playlist.
What are the biggest market segments by region, application and opportunity today in energy storage? Guidehouse Insights senior research analyst Alex Eller takes us through the present and emerging hotspots of the global energy storage industry. Taken from the Energy Storage Digital Series online conference held earlier this year.
Coal retirements, liberalised energy markets and declining costs continue to improve the business case for energy storage in Australia, but the coronavirus pandemic is among factors creating uncertainties and risks, new research has found.
Lithium-ion cell prices will fall by around 46% between now and 2029, according to new analysis from Guidehouse Insights, reaching US$66.6 per kWh by that time.
Why the real competition is fossil fuels, which battery optimisation strategies yield the best returns and bringing safety rules and guidelines to the attention of first-responders are among the topics discussed on the latest special episode of the Solar Media podcast.
It has always been anticipated that by the early 2020s, the feed-in tariff would have tapered away in Japan’s booming solar market. Andy Colthorpe speaks with analyst Izumi Kaizuka at RTS Corporation to learn more about what the future holds for post-subsidy solar in Japan.
As we move into a new decade, the question is whether the burgeoning US energy storage industry will be able to maintain its current path of rapid growth. All signs suggest that it will, argues Ricardo F. Rodriguez of Navigant Research.
The colossal solar boom Italy wants to drive in a decade could lie beyond reach if developers do not act to embrace energy storage more decisively, industry players have argued at a recent event.
Navigant Research has created a definition for virtual power plants (VPPs) in the course of creating a market report which finds that nearly 4GW of such projects are already in operation, with rapid growth forecasted over the next decade.
We talk about how solar and storage can be competitive with fossil fuels, how Solaredge is maintaining its own competitive advantage as well as some exclusive inside info on the company's forthcoming residential battery energy storage systems.
US utility Con Edison New York (CECONY) is seeking 'at least' 300MW / 1,200MWh of energy storage as its contribution to the state’s 3GW target by 2025.
The pipeline of projects currently stands at 11GW, and although it is unlikely that this will all be built, we currently see nearly 800MW of projects at the ‘under construction/ready to build’ stage.
The US deployed 42% megawatts more energy storage in the second quarter of this year than in the first, with residential installations overtaking utility deployments for the first time.
After reporting last week on the findings from EMMES, the European Market Monitor on Energy Storage from Delta-ee and trade association EASE, which demonstrated a big rise in installations by MWh in 2017 across the continent, we delved further behind another record-breaking year with the report’s lead author, Valts Grintals of Delta-ee.
While research published this week demonstrates that the US as a whole is embracing energy storage technology, with regulator FERC's recent wholesale market ruling likely to have a "significant impact", the picture varies greatly when looking from state-to-state, an analyst has said.
While energy storage system price declines have slowed down in recent times in the US, standardisation of design and engineering will be among the key drivers in bringing down balance-of-system hardware and EPC costs.
Over 9,000MWh of battery energy storage could be deployed in Britain over the next five years as the sector enjoys a trend towards “explosive growth”, a market analyst has said.
The rise of energy storage will enjoy a similarly meteoric trajectory to that enjoyed by solar PV deployment in the past and could reach 305GWh of installations by 2030, BNEF has predicted.
Solar Media’s Energy Storage Summit took place at the end of February and was attended by around 350 delegates and stakeholders, looking at energy storage markets in the UK and beyond. Collected here are seven interviews with leading figures at the event spanning utility-scale, commercial and residential energy storage.