What are the best ways to match up long-duration energy storage technologies to applications and revenues? And what is ‘longer-duration’ storage and when will we need it? Florian Mayr and Dr Fabio Oldenburg at Apricum – The Cleantech Advisory offer some perspectives.
Liquid air energy storage (LAES) company Highview Power has chosen Volkswagen subsidiary MAN Energy Solutions to provide turbomachinery which will form the core of a 50MW / 250MWh facility under development in northern England.
Paris-headquartered renewable energy power producer Voltalia has begun construction of a 32MW / 32MWh battery energy storage system (BESS) project in the UK.
The Americas region is on track to leapfrog Asia-Pacific in terms of deployed energy storage by 2025, before accounting for more than half of global capacity by the end of the decade, new analysis from Wood Mackenzie suggests.
Energy storage technology provider Fluence and battery gigafactory startup Northvolt will collaborate to develop “next-generation battery technology for grid-scale storage applications,” the companies said today.
The UK reached a gigawatt of battery storage deployments in the second quarter of 2020 and the industry has 14.9GW in its development pipeline including 1.8GW of ready-to-build projects and 6.9GW with planning approvals in place.
Corporate funding into the battery storage sector in the first quarter of this year totalled US$4.7 billion across 17 deals, a huge leap from the equivalent period of last year, according to a new report from Mercom Capital.
Hydrogen increasingly looks likely to have a role to play in achieving decarbonisation targets worldwide, and investments and innovation are scaling up. But costs remain high and for clean hydrogen to be most effective at integrating high shares of renewable energy, storage is a vital piece of the puzzle, writes Georgina Ainscow, a Senior Patent Attorney at Reddie & Grose, a firm of European and United Kingdom patent, trade mark and design attorneys.
