Companies in the battery storage industry raised US$9.6 billion in corporate funding during H1 2021, with European manufacturing startup Northvolt once again the biggest single recipient of venture capital (VC) investment.
There’s still a disconnect between what’s achievable and what is actually being achieved in the drive to decarbonise. Despite a boom in renewable energy generation, Australia’s government line is instead commitment to “a gas-fired recovery”. That commitment is a dangerous one, says Lillian Patterson of the Clean Energy Council.
Eagle Mountain is a large-scale pumped hydro energy storage project under development in California. It’s a win-win project, argues Jeff Harvey, a consultant with over 35 years experience in California and senior environmental scientist for developer NextEra Energy Resources.
For over 100 years, pumped-storage hydroelectric power (pumped hydro) has supported electricity consumption around the world. Here are just a few recent projects that Energy-Storage.news has come across — from projects at their earlier stages of development to those that are nearing shovel-ready status.
Nearly 12,000MWh of energy storage could be installed in the US during 2021 and the market will continue growing significantly over the next few years, according to research and analysis group Wood Mackenzie Power & Renewables.
A record amount of solar capacity and energy storage is currently in US transmission interconnection queues, according to a new study from Lawrence Berkeley National Laboratory (Berkeley Lab).
Leaders in the UK and international battery storage space discussed how the industry has rapidly evolved to become a viable business at the heart of the transition to low carbon and renewable energy in this panel session from the Energy Storage Summit 2021.
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.
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.
Europe’s cumulative electrochemical energy storage installation capacity has gone past the 5GWh mark and this year is likely to see installations almost double from 2020’s figures.
