Analysis and research firm IHS Markit has predicted that over 10GW of new energy storage will be deployed during this year, with around half of those additions in the US market.
Solar inverter manufacturer Sungrow’s energy storage system integration arm has supplied a DC-coupled lithium-ion battery storage system to a solar farm which went online in northern Japan in December.
A rocket and space vehicle launch station of the Japan Aerospace Exploration Agency (JAXA) will be equipped with NGK Insulators’ sodium sulfur (NAS) battery storage to help ensure the reliable operation of its electric power systems.
Specific recommendations from a prominent industry group for tax reforms and other changes to support energy storage were not included India’s Union Budget for 2021-2022, but certain aspects of the budget such as the promotion of domestic self-reliance have been welcomed by it.
Key to the rapid success and growth of the energy storage industry in the US, China and other maturing markets has been the presence of a small number of system integrators. IHS Markit association director Julian Jansen examines what it is that system integrators do that makes them so vital to the industry and why the future ahead looks to be one characterised by growth, competition and consolidation.
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 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.
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 Asia-Pacific region will continue to be the world’s leading centre of lithium-ion cell manufacturing for the next decade, but it won’t just be price reductions in batteries that will drive a 30% drop in front-of-meter battery storage in key markets China, Australia and South Korea.
The Solar Media Podcast returns for a new season to mark the new year. In this first episode of 2021, sponsored by SKE Engineering, Andy Colthorpe and Liam Stoker cast their gazes at the horizon and profile what the immediate future holds for the solar and storage industries.
