Peer-to-peer (P2P) energy trading using distributed battery storage in Japanese households could be a scalable business once prohibitive rules change in a couple of years’ time, a provider of renewable energy equipment in the country has said.
AES Corporation reaffirmed its 2020 financial guidance in presenting its latest quarterly results, which showed a total backlog of renewables and energy storage contracts of 6.2GW, while the company said it will reduce generation from coal to less than 30% of its total capacity by the end of this year.
Stationary energy storage in support of electric vehicles (EVs) charging could reach a global installed capacity of 1,900MW by the end of 2029 according to a new Guidehouse Insights report.
Lithium battery cells will be rolling off a production line at a 16GWh-capacity factory in France in 2023, with manufacturing startup Verkor then planning to scale up to 50GWh “in line with market dynamics”.
Western Australia will invest AU$56.3 million (US$40.11 million) in solar power as part of a new renewable energy plan designed to kickstart the state’s economy following the impacts of the COVID-19 pandemic.
While we do acknowledge the challenges faced as a result of COVID-19, we cannot afford to lose sight of the opportunity renewable energy and energy storage solutions, such as the Vanadium Redox Flow Battery (VRFB) present, argues Paul Vollant, Director of Sales and Trading at vanadium supplier Largo Resources.
Australian startup Vast Solar said it has picked a site in Queensland where it could develop a AU$600 million (US$427 million) power plant combining different low emissions technologies to provide baseload power cost-effectively over a 30-year lifetime.
Funding into battery storage companies fell dramatically in the first half of 2020 compared to last year’s equivalent period, according to the latest reporting from Mercom Capital.
