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.
Panellists at the opening day of Solar and Off-Grid Renewables Southeast Asia event in Bangkok warned that investors who come on board quickest are going to gain a huge advantage as solar-plus-storage starts to become viable at scale.
Narada Power, which makes batteries and complete energy storage systems as well as acting as a project system integrator, is establishing a subsidiary for the recycling of lithium-ion batteries.
A new solid state electrolyte for lithium batteries developed by Panasonic and nano-electronics and digital tech innovation hub imec has achieved “exceptionally high” ionic conductivity at room temperature.
German renewables firm BayWa r.e. has commissioned a combined PV and battery system in Zambia’s Chisamba province, to supply irrigation for aquacultural farming.
While decreases in costs continue to make energy storage more and more competitive, financial advisory and asset management firm Lazard has highlighted just how variable project economics can be, citing examples of US projects with 9%, 11% and 21% IRR (internal rate of return).
Tesla has reported a significant year-on-year increase in business for its stationary energy storage systems, but more attention has been focused on delays in Model 3 deliveries and a decline in solar installs.
Duke Energy is planning to develop and install battery storage materials and PV panels that will serve as part of a microgrid system at the Indiana National Guard’s Camp Atterbury in Johnson County, Indiana.
Australian redox flow energy storage maker Redflow says a Thai factory set to start producing its batteries could be producing 30Wh annually when it becomes fully operational.
