The National Renewable Energy Laboratory (NREL) in the US has forecast dramatic cost reduction trends for battery energy storage to continue on a rapid trajectory to 2030 with reductions continuing at a slower pace through to 2050.
Battery storage can be a significantly cheaper and more effective technology than natural gas in providing peaking capacity, according to a new study released by the Clean Energy Council, the industry group which represents Australia’s clean energy sector.
The repercussions of Texas’ Winter Storm events in February, may be felt for years. Scott Burger, Annie Baldwin, Jason Houck and Marco Ferrara at long-duration energy storage start-up Form Energy discuss how in-depth system modelling of current and future grids offers some early takeaways which might help prevent the next crisis and how multi-day energy storage could play a leading role.
A representative of US energy holding company Duke Energy said yesterday that “no major technological breakthroughs would be required” for it to reach 2030 emissions reduction goals and that battery storage will play an important role.
An analytics platform developed by India-headquartered startup ION Energy will help US project developer esVolta improve operational efficiency across its near 600MWh portfolio of battery storage systems.