North America is currently leading the world for utility-scale energy storage deployments, but could be overtaken by the second-largest market, the Asia-Pacific region, as early as 2023, according to forecasting and analysis by Guidehouse Insights.
Energy storage systems based around vanadium redox flow batteries (VRFBs) are being developed for residential use in Australia by partners Australian Vanadium (AVL) and Gui Zhou Collect Energy Century Science and Technology.
Major PV inverter manufacturer Sungrow has reported a significant recovery in revenue and profitability in the second quarter of 2020, including a jump in revenues from its energy storage business segment.
The head of the Smart PV division of Chinese technology giant Huawei has said that the high end residential energy storage market will be the company’s entry point into a technology that helps integrate solar to the grid.
The new CEO at VRB Energy, a maker of vanadium redox flow battery energy storage devices, claims that ongoing improvements to its technologies will allow it to outcompete lithium-ion energy storage in the coming years.
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.
There was a near-70% increase in capacity of operational energy storage projects in China paired with solar energy from 2018 to 2019, according to figures recently published by the China Energy Storage Alliance (CNESA).
Sungrow is to partner with Huanghe Hydropower, providing PV inverter and energy storage systems for a major solar-plus-storage project in Qinghai Province, China.
Energy storage manufacturing giant CATL has partnered with Shenzhen KSTAR Science & Technology to construct a new lithium-ion battery manufacturing facility Fujian, China.
Targeting a national economic goal in mind of making hydrogen competitive with natural gas, Australia’s government has put AU$70 million (US$44.3 million) into a “deployment funding round” for renewable hydrogen.
