Tesla reported a significant increase in energy storage deployments for the fourth quarter of 2020, more than doubling record figures from the previous quarter as battery manufacturing expansions led to greater product availability but demand still outstrips supply.
Solar PV bidders secured two-thirds of allocated capacity in the first of Spain’s new renewable energy auctions, while energy storage was not included in any of the winning bids.
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 US energy storage industry remained “remarkably resilient” during what most of us have found to be a difficult year – to say the least. Andy Colthorpe speaks with Key Capture Energy’s CEO Jeff Bishop and FlexGen’s COO Alan Grosse – two companies that made 2020 one of growth in their energy storage businesses – to hear what lessons can be learned and why economics rule.
Kelly Speakes-Backman, CEO of the national Energy Storage Association (ESA), has been named in the newly appointed senior leadership team at the US Department of Energy (DoE).
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.
Following a dramatic start to the year, Energy-Storage.news takes a look at what is driving price volatility in Britain and what battery energy storage could do about it.
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.
The first of Spain’s new renewable energy auctions is set to take place next week, as the country offers the possibility for bidders to include energy storage in their offers.
Solar-plus-storage systems at customers’ homes in Hawaii will create a “comprehensive” virtual power plant (VPP) network on three Hawaiian islands of up to 6,000 individual systems.
