New study predicts the energy storage industry will grow to employ millions by 2050, fuelling a renewables jobs boom as fossil fuel industries shed millions of workers.
While pumped hydro plants still account for around 96% of installed capacity of stationary energy storage worldwide, there will be more than 28GW of lithium batteries deployed for stationary storage applications by the year 2028, Navigant Research has predicted.
Pivot Power is keeping an eye on solutions other than lithium-ion, but chief executive Matt Allen stressed the need to focus on the now and deploy chemistries that are “ready and investable”.
As energy storage becomes an increasingly integral part of a renewables-based system, interest in and discussion around non-lithium (and non-pumped hydro) technologies increases. A team of experts from CENELEST, a joint research venture between the Fraunhofer Institute for Chemical Technologies and the University of New South Wales take a deep dive into redox flow batteries.
The success of efforts to decarbonise economies in the UK and elsewhere could hinge largely on how governments and business communities – particularly large commercial lenders – engage with the sector in 2020, a UK-based financier of solar and storage has said.
In today’s episode, ESN’s Andy Colthorpe and Liam Stoker explore the way grids are changing in the Middle East to accommodate clean energy, the role virtual power plants are playing in Italy, and the contrasting role coal is playing in Germany and bush fire-stricken Australia.
Recommendations made to the government of India as it prepares to publish its union budget for 2020 from industry group India Energy Storage Alliance (IESA) include measures to support both the upstream of industry and the downstream of clean energy deployment.
Solar Energy Corporation of India (SECI) has issued tenders for 1.2GW of wind and solar hybrid capacity as well as 4MW of floating PV with 2MW/1MWh of battery storage.
