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.
AES Corporation reaffirmed its 2020 financial guidance in presenting its latest quarterly results, which showed a total backlog of renewables and energy storage contracts of 6.2GW, while the company said it will reduce generation from coal to less than 30% of its total capacity by the end of this year.
Western Australia will invest AU$56.3 million (US$40.11 million) in solar power as part of a new renewable energy plan designed to kickstart the state’s economy following the impacts of the COVID-19 pandemic.
While we do acknowledge the challenges faced as a result of COVID-19, we cannot afford to lose sight of the opportunity renewable energy and energy storage solutions, such as the Vanadium Redox Flow Battery (VRFB) present, argues Paul Vollant, Director of Sales and Trading at vanadium supplier Largo Resources.
Funding into battery storage companies fell dramatically in the first half of 2020 compared to last year’s equivalent period, according to the latest reporting from Mercom Capital.
Despite the fundamental drivers remaining unchanged, Covid-19 will certainly leave its mark on the post-pandemic energy storage world. Florian Mayr at cleantech advisory and consultancy group Apricum examines how the energy storage industry can best adapt to the “next normal”.
A subcommittee of the US House Committee on Appropriations has approved more than a billion dollars in support for developing energy storage deployment, research and manufacturing in a funding bill for the 2021 Fiscal Year.
What will the impact of COVID-19 be on the energy storage market? And how best to learn to adapt to whatever the ‘next normal’ will be? Florian Mayr at cleantech advisory and consultancy group Apricum examines the bigger picture of “energy storage vs the virus”.
Calls have been made across Europe for recognition and support for the vital role that energy storage can play in decarbonisation, reducing air pollution and contributing to a ‘green recovery’, both through legislation and industry sector activity.
