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.
The UK reached a gigawatt of battery storage deployments in the second quarter of 2020 and the industry has 14.9GW in its development pipeline including 1.8GW of ready-to-build projects and 6.9GW with planning approvals in place.
Europe’s cumulative electrochemical energy storage installation capacity has gone past the 5GWh mark and this year is likely to see installations almost double from 2020’s figures.
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.
A combination of renewable energy, energy efficiency and energy storage can be used to effectively retire New York City’s entire fleet of more than 6GW of peaker plants by 2030, a new study has found.
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.
There has been growing uptake in battery energy storage in Midwestern US states that have traditionally depended on burning coal for electricity, with some “very big projects planned,” an analyst has said.
The results of Spain’s auction last week for 3GW of renewables capacity have been widely welcomed by the country’s solar sector, but calls have been made to tweak future auctions to support smaller-scale projects as well as encourage the participation of bids with energy storage.
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.
Despite the fall in unit prices for energy storage, a total of US$3.6 billion of investment was committed to energy storage projects in 2020, around the same amount as in 2019.
The amount of corporate funding coming into the global battery storage industry in 2020 was more than double the amount the previous year, with over US$6.5 billion raised last year compared to around US$2.8 billion in 2019.
Renewable energy uptake and the falling costs of battery energy storage are “inexorably linked” as the global economy faces a crucial decade ahead in its urgent need to decarbonise, according to work by McKinsey & Company.
‘Growth, competition and consolidation’: Energy storage system integrators face fast-changing market
System integrators - companies that create large-scale and commercial and industrial battery energy storage system (BESS) solutions to order - have driven the market’s rapid growth so far but face a diversifying landscape marked by competition and consolidation in the years ahead.
A year in webinars, presentations and panel discussions that you can watch on our Youtube channel right now.
Here’s the top-ranking blogs from 2020 on the website, based on page views.
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.
The award of contracts to battery storage developers in a recent auction by Italy’s transmission system operator proves the technology’s competitiveness in providing grid services once again, an analyst has said.
Around 2.1GWh of battery storage had been installed in Germany by the end of 2019, in households, at commercial and industrial (C&I) facilities and at large-scale in grid-connected applications.
What are the roles of battery storage and hydrogen in the clean energy system of the future? Matthias Simolka, a consultant at Germany-based TEAM CONSULT takes a look at the roles each plays today and where we might see the dynamics go from here, with regard to everything from large-scale renewables integration to electric transport.
Solar PV combined with energy storage represents a “zero-emissions threat” to gas generation in the US, according to a new report from BloombergNEF.
While European power markets outpace the US and China for renewable energy deployment, the continent’s policymakers are yet to recognise the importance of energy storage for integrating that capacity onto the grid, new research from Wood Mackenzie Power & Renewables finds.
Germany’s draft renewable energy laws, which the government is seeking to introduce next year, have been heavily criticised by energy storage systems association BVES.
It would be “feasible and cost-effective” to retire more than a gigawatt (GW) of gas and fuel oil peaker plant capacity on New York’s densely populated Long Island within three years, according to a new study.
A new report co-authored by energy expert Tony Seba predicts that the combination of solar and wind energy with batteries could undercut and disrupt the existing global energy system with “the cheapest power available” over the next decade.
The latest annually-published figures from financial advisory and asset management firm Lazard show that the on the levelised cost of energy storage (LCOS) continues to fall, with solar-plus-storage becoming increasingly price competitive.
Following our recent webinar on ultra-capacitors and the role they could play in the energy transition, Johan Söderbom, EIT InnoEnergy’s thematic leader for energy storage and smart grids, explains the deepening connection between wind power and ultra-caps.
Energy storage technology provider and system integrator Fluence has acquired Advanced Microgrid Solutions, the California company known for its artificial intelligence (AI)-driven optimisation software platform for energy storage and flexible generation assets.
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.
Energy storage including short duration and seasonal technologies ranging from lithium batteries to hydrogen could help mitigate the impacts of negative power prices in Europe, an analyst has said.
In this final piece of in-depth Battery Day coverage, let’s take a closer look at the technology, manufacturing techniques and value chain improvements Elon Musk and Drew Baglino talked about.