The Energy Storage Report 2024
Now available to download, covering deployments, technology, policy and finance in the energy storage market
A 20MW energy storage project set to be completed by March will use gas/diesel fired generation to deliver millions of pounds in revenue from balancing services to the national transmission network.
The cost of lithium-ion batteries for energy storage declined 65% in five years between 2010 and 2015, while battery storage’s use for electricity could hit 250GW by 2030, from just 1GW today, according to the International Renewable Energy Agency (IRENA).
The latest step in Hawaii’s clean energy evolution will be the deployment of a 20MW, five-hour duration battery energy storage system paired with 28MW of solar in Kaua’i, to match peak demand with generation.
Lithium mining and extraction companies have made several recent high profile moves to increase their production of the metal, which is used to make the batteries in many stationary energy storage systems and EVs.
Tesla and Panasonic’s Gigafactory in the Nevada desert has now started making high performance cylindrical battery cells of the type used in its stationary storage and forthcoming Model 3.
Canada-headquartered lithium-ion battery manufacturer Electrovaya increased its revenues year-on-year in the financial year which finished at the end of September, but the company also reported increased losses.
Battery storage specialist Younicos has been selected by Centrica to design the 49MW battery storage project that was last week awarded a 15-year Capacity Market contract.
Four makers of lithium-ion batteries have been sanctioned by the European Commission for anti-competitive practises, with three incurring fines totalling €166 million (US$176 million) after colluding to “avoid aggressive competition”.
An Arizona scheme to study the use of energy storage and smart inverters in integrating solar to the grid has contracted the deployment of 4MW of AES Energy Storage’s lithium battery systems.
A local authority in the UK has approved planning permission for the construction of a 20MW energy storage system which will provide real-time grid stabilisation to the local distribution network.