Fluence has reaffirmed its guidance of US$1.1 billion to US$1.3 billion revenues for the 2022 financial year, with the company’s CEO claiming expectations were exceeded in the first quarter “despite short-term headwinds”.
Cross-party backing for a new fossil fuel power plant in Australia has been criticised by experts and clean energy industry voices, who have said battery storage would be a more viable option to provide peaking capacity.
Development has begun in Japan of a marine battery storage vessel that would be charged at sea from offshore wind and then carry the power back to land.
We have the technological tools to decarbonise, but can we do so at pace and scale? It depends on the politics, says James Basden, co-founder and director of Zenobe Energy.
Whether connected to a main electricity grid or not, commercial and industrial (C&I) microgrids are increasingly able to offer resilient and independent power supply and — perhaps more importantly — electricity cost reductions.
US$100 million has been invested into North American lithium-ion battery recycling specialist Li-Cycle by a venture capital (VC) subsidiary of fossil fuels industry giant Koch Industries.
The impact of high gas prices in the UK has emphasised the need to invest in energy storage technologies, national industry trade group the Electricity Storage Network (ESN), has said.
Greece’s electricity market holds the potential to become an important European market for energy storage technologies like lithium-ion batteries in the coming months and years.
As energy system modernisation and decarbonisation progresses, energy storage could represent between 10% and 25% of India’s total installed power capacity by 2050, while other countries in South Asia including Bangladesh, Nepal and Bhutan also have “significant opportunities” for energy storage.
