Power Storage Market Predicted to strike $500 Billion by 2035: Lux Research
The complete power storage space market is anticipated to expand to USD 546 billion in yearly profits by 2035, according to a brand-new record launched by Lux Research.
Feb 27, 2020 // Markets & Finance, Storage, ENERGY STORAGE, electric vehicles, EV, International, Lux Research, Solid State Battery
Solar and also wind press wholesale power rates to record lows in Australia
The uptick of renewables in Australia has actually aided cause three-year lows for wholesale power costs on the nation's biggest power market.
Feb 10, 2020 // Plants, Large-Scale, Commercial, Markets & Finance, Storage, Grids, Rooftop PV, ENERGY STORAGE, Australia, AEMO, oceania, curtailment, national energy market, grid curtailment
Vena Energy to start building major storage project in Australia
According to the announcement by Australian unit of Vena Energy, it is going to start constructing a grid scale Battery Energy Storage System in Western Downs Region in the nearest future. The BESS will be located not far from the town of Wandoan and will become the biggest array of the kind throughout the state.
Feb 2, 2020 // Plants, Large-Scale, Commercial, Storage, ENERGY STORAGE, Australia, oceania, battery, Vena Energy
NEC Energy to Provide 100 MW Storage Projects in Northern Ireland
NEC Energy Solutions has announced that it will provide 100 MW of energy storage in Northern Ireland for the Gore Street Energy Storage Fund (GSF).
Jan 15, 2020 // Storage, ENERGY STORAGE, International, NEC Energy, Northern Ireland
US lawmakers propose clean energy credit push to take US to net zero
US power suppliers could face clean energy credit obligations to foster a major shift to renewables and decisively slash emissions, under legislation currently being drafted up at Congress.
Jan 10, 2020 // Markets & Finance, Storage, Grids, USA, ENERGY STORAGE, ITC, America, bifacial, PURPA, North America, microgrid, congress, clean future act
Azelio’s storage solution switched on at Noor-Ouarzazate complex
Swedish storage company Azelio has started producing electricity from energy storage at a verification project at the Noor-Ouarzazate solar power station in Morocco.
Jan 2, 2020 // Storage, ENERGY STORAGE, solar plus storage, Africa, morocco, Concentrated solar power, azelio, northern africa
EV Charging Robots By Volkswagen Revealed
The Volkswagen group has hinted that it is searching for a charging robot for EV. These are mobile charging robots that will make electric vehicles autonomous.
Dec 30, 2019 // Technology, Storage, Transport, VOLKSWAGEN, ENERGY STORAGE, Germany, Europe, electric vehicles, mobile charging robot, robot
Turks and Caicos launches Clinton Foundation-backed energy strategy
The government of the Turks and Caicos Islands, utility FortisTCI and the non-profit Clinton Foundation inked a memorandum of understanding (MoU) on Wednesday to kick off the initiatives in the country’s new energy transition strategy.
Nov 1, 2019 // Plants, Large-Scale, Commercial, Markets & Finance, Storage, Grids, ENERGY STORAGE, utility-scale PV, Caribbean, fortistci, rocky mountain institute, clinton foundation
Storage ITC could be ‘more impactful’ than any other policy
A standalone Investment Tax Credit (ITC) for energy storage in the US holds the potential to be more immediate and impactful than any other policy, the head of the US national Energy Storage Association has said.
Oct 25, 2019 // Markets & Finance, Storage, Policy, USA, storage, ENERGY STORAGE, North America, Kelly Speakes-Backman, investment tax credit
South Africa PV industry welcomes 6GW allocation despite time gaps
A decision by South Africa's Department of Mineral Resources and Energy (DMRE) to allocate 6GW of new large-scale solar over the next decade has been welcomed by the South African Photovoltaic Industry Association (SAPVIA) for giving a “moderate level of certainty” to the industry.
Oct 22, 2019 // Plants, Large-Scale, Commercial, Storage, ENERGY STORAGE, Africa, coal, reippp, doe, dmre, embedded generation, sapvia, irp, Wido Schnabel, Niveshen Govender
Study: Germany needs clean energy surge to replace coal, nuclear
Germany must embrace renewables and energy storage at an unprecedented scale if it hopes to offset the void left behind by coal and nuclear phase-outs, a new study has said.
Sep 16, 2019 // Plants, Large-Scale, Commercial, storage, ENERGY STORAGE, Germany, Europe, subsidies, bsw, zero-subsidy pv, Carsten Körnig
Limiting climate emergency will require ten-fold solar boom, DNV GL claims
Global solar PV capacity must increase ten-fold to 5TW by 2030 in order to meet the Paris climate targets, research body DNV GL has claimed.
Sep 12, 2019 // Plants, Large-Scale, Commercial, Markets & Finance, Storage, Grids, ENERGY STORAGE, solar pv, DNV GL, Ditlev Engel
Italian utility-scale solar boom a no-go without storage, event hears
The colossal solar boom Italy wants to drive in a decade could lie beyond reach if developers do not act to embrace energy storage more decisively, industry players have argued at a recent event.
Sep 10, 2019 // Plants, Large-Scale, Commercial, Storage, ENERGY STORAGE, Italy, Europe, solar-plus-storage, subsidy-free pv, BESS
Solar-plus-storage grid parity sweeps through top EU markets
The costs of residential solar-plus-storage have already dropped or will only take a few years to drop to nation-wide grid averages across key European markets, according to Wood Mackenzie.
Aug 7, 2019 // Plants, Large-Scale, Commercial, Residential, Markets & Finance, Storage, Policy, ENERGY STORAGE, Spain, France, Germany, UK, Italy, Wood Mackenzie, Europe, solar-plus-storage, energy storage economics, solar economics, woodmac, stats, analysis
Dynapower introduces new financing program for energy storage systems
Energy storage system manufacturer Dynapower has announced its involvement with a new energy storage financing program. Partnering with Lease Corporation of America, Dynapower will offer financing to system integrators and energy storage system buyers.
Jul 26, 2019 // Storage, storage, NREL, ENERGY STORAGE, Lease Corporation of America, Dynapower, LCA, Palombini