The global energy storage market will grow to a cumulative 942GW/2,857GWh capacity by 2040, attracting US$620 billion in investment, caused by sharply decreasing battery costs, according to a Bloomberg NEF (BNEF) report.
EDF Energy has partnered with Nissan to launch a new energy storage proposition using second life batteries with the utility’s proprietary demand side response (DSR) platform in the latest high profile collaboration in the UK energy sector.
Automotive Energy Supply Corporation (AESC) and NEC Energy Devices, the Nissan Motor Co’s electric battery business jointly operated with NEC Corporation, and NEC Corporation’s own lithium-ion battery business respectively, have been sold to China’s Envision.
Intersolar Managing Director Dr. Florian Wessendorf and NAATBatt International Executive Director James Greenberger have collaborated to forecast top trends that are expected to dominate the ees North America show floor this year.
Germany’s sonnen introduced a scheme a while back in which customers pay a flat, reduced rate for their electricity each month while the company aggregate their batteries together to benefit the grid – and now the offer has been extended to electric vehicle owners.
Dr. Rahul Walawalkar of the Indian Energy Storage Alliance also predicts at least two lithium-ion cell manufacturing plants of 500MWh+ capacity to start construction in India this year.
At least two global technology leaders could set up Gigafactories to manufacture lithium-ion cells in India in the next couple of years, and most major Indian firms are setting up energy storage divisions, according to the head of the India Energy Storage Alliance (IESA).
