Energy storage including short duration and seasonal technologies ranging from lithium batteries to hydrogen could help mitigate the impacts of negative power prices in Europe, an analyst has said.
In this final piece of in-depth Battery Day coverage, let’s take a closer look at the technology, manufacturing techniques and value chain improvements Elon Musk and Drew Baglino talked about.
A multi-gigawatt co-location market looks set to take off within the next five years, however uncertainty over DC coupling, the need for costly symmetric grid connections and outdated regulatory frameworks risk stymying the market’s growth.
Reports into the performance of two large-scale battery energy storage systems (BESS) in the Australian state of Victoria have been published, showing that both performed as expected, or better, in 12 months of operation.
The market for grid-connected energy storage will defy the “headwinds” caused by the coronavirus pandemic on industries across the world, analysis firm IHS Markit has predicted.
The US utility-scale energy storage market is projected to maintain its position as the world’s largest and fastest-growing in the coming years, according to a new report from Guidehouse Insights.
Coal retirements, liberalised energy markets and declining costs continue to improve the business case for energy storage in Australia, but the coronavirus pandemic is among factors creating uncertainties and risks, new research has found.
Industry commentators have expressed shock and surprise that NEC Corporation’s Energy Solutions business has been wound down, while an analyst said the reasons for the energy storage system integrator’s demise are likely to go back further than the COVID-19 pandemic.
Lithium-ion cell prices will fall by around 46% between now and 2029, according to new analysis from Guidehouse Insights, reaching US$66.6 per kWh by that time.
