Asia-Pacific will overtake North America as the biggest utility-scale energy storage (UES) market by annual installed gigawatts (GW) by 2024-2025, according to a new report by Guidehouse Insights, one to two years later than in the firm’s previous forecasts.
Battery storage companies raised 159% more corporate funding in 2021 than in 2020, with funding activity reflecting the “significance of battery energy storage in the energy transition,” analysis group Mercom Capital has said.
In the Philippines, Fluence has brought into commercial operation the first project in an order totalling nearly half a gigawatt, for vertically-integrated power company SMC Global Power Holdings (SMCGPH).
Battery storage is begin assessed as a means to maximise the value of solar PV in Vietnam, with asset management group Dragon Capital having hired consultancy AqualisBraemar LOC Group (ABL Group) to conduct feasibility studies.
The new edition of our quarterly journal PV Tech Power, volume 29, is now available to download, including our comprehensive cover story on solar’s critical next decade.
Subsea engineering and floating and offshore renewable energy company G8 will use advanced lithium-ion battery technology produced by 3DOM Singapore (3DOM SG) in all of its renewable energy projects in Asia.
Long-duration energy storage has a crucial role to play in decarbonising the global energy system sufficiently to avoid catastrophic climate change as long as its value can be unlocked.
