The global energy storage market will grow to a cumulative 942GW/2,857GWh capacity by 2040, attracting US$620 billion in investment, caused by sharply decreasing battery costs, according to a Bloomberg NEF (BNEF) report.
Global shares of renewable energy are increasing, while at the same time data centres become an ever-more important part of our daily lives. Emiliano Cevenini of Vertiv looks at some ways in which renewable energy can combine with UPS and energy storage systems at data centres to offer new possibilities for energy and environmental controls.
Transmission system operators in the US have begun making their moves to accommodate energy storage into their wholesale markets, with New England ISO and Southwest Power Pool both making filings in the past month.
Sembcorp will collaborate with Singapore’s Energy Market Authority (EMA) as part of a pilot programme to support the deployment of energy storage in the country.
An extra AU$100 million (US$70.76 million) of funding could be put into a rebate scheme for households buying energy storage systems in South Australia, after a peer-to-peer lending group stepped in.
EDF Energy is to offer its business customers vehicle-to-grid (V2G) chargers in the UK, as well as using them on its own sites, after partnering with charger supplier and technology developer Nuvve.
‘Europe’s largest’ energy storage pilot project at an industrial site, combining 2MWp of rooftop solar with a total of 4.2MWh of energy storage across a lithium-ion battery system and two flow batteries has been inaugurated in Belgium.
Quoting an expected doubling in installed PV capacity over the next five years, a partnership between Chinese battery storage system maker BYD and European PV inverter company SMA is targeting the USA market, identifying it – along with Africa – as having “high growth potential” for the pair’s products.
French power giant EDF has acquired a 50% stake in the Togo-focused unit of off-grid renewable energy specialist BBOXX, with EDF adding its financial clout to speed up solar home system deployments and its technical expertise to improve the energy storage offering.
