While the renewable energy industry has suffered significant blows such as loss of employment during the COVID-19 crisis, venture capital (VC) funding into the battery energy storage sector in the first quarter of this year nonetheless saw a significant increase over the previous year’s equivalent period.
The island of Ireland’s battery storage pipeline has swelled to nearly 2.5GW, a new report unveiled by Energy-Storage.news publisher Solar Media can reveal. Here, the report’s author and analyst at Solar Media Lauren Cook dives into the detail and explores what’s driving that growth.
Mini-grids offer a quick route to electrification in parts of the world where grid extensions are unfeasible. Baptiste Possémé looks at the some of the technological and regulatory trends influencing the deployment of mini-grids in Africa and Asia.
Despite a subdued year in 2019 and a challenging start to 2020 caused by the COVID-19 outbreak, the outlook for energy storage remains strong, says Julian Jansen of market research group IHS Markit, taking a deep dive across segments and geographies.
A survey of COVID-19 impacts on China Energy Storage Alliance (CNESA) members has underscored their faith in recovery, despite the worries over income and liquidity reported by nearly 80% of respondents.
An optimal power system portfolio for the US state of California that would drive the world’s fifth largest economy towards greenhouse gas reduction goals for 2030 and then to zero carbon by 2040, includes 1GW of long duration energy storage.
China’s energy storage industry entered a period of “rational adjustment” in 2019, as overall growth in new projects and capacity slowed down, yet deployed around 519.6MW/855MWh of new electrochemical energy storage capacity domestically.
While pumped hydro plants still account for around 96% of installed capacity of stationary energy storage worldwide, there will be more than 28GW of lithium batteries deployed for stationary storage applications by the year 2028, Navigant Research has predicted.
