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IHS: late 2015 pipeline growth signals impending rise in global energy storage market

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Battery cost reductions, government funding programs and utility tenders led to a 45% increase in the global energy storage pipeline in the fourth quarter (Q4) of 2015 compared to the previous quarter. gigawatts (GW) in Q4 2015. According to IHS Inc., the global pipeline of planned battery and flywheel projects had reached 1.6

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Lux: Li-ion dominating grid storage market with 90% of 2014 proposals

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Lithium-ion (Li-ion) batteries have become the dominant new technology in grid storage, capturing a 90% share of systems proposed last year, according to analysts at Lux Research. Globally, as of January 2015, 1,100 MW and 2,523 MWh of grid storage have been deployed across 605 projects.

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Sumitomo Electric demoing ESS for power grid in California; US’ largest redox flow battery system

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Following the start of the project in September 2015, a redox flow battery system (2 MW x 4 hours) was constructed for a power grid at a substation in San Diego. Demonstration will now be carried out to evaluate the management of surplus electricity and regulation of grid frequency and voltage fluctuation.

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Hokkaido Elec to invest in 60 MWh redox flow battery for grid storage

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to bolster its grid capacity amid rapid growth in power generation using renewable energy. Delivery of the battery, which has about a 20-year lifespan, is planned for 2015. Hokkaido Electric plans to install the battery at a key substation, according to the report. The Nikkei reports that Hokkaido Electric Power Co.

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US installs 6.2 GW of solar PV in 2014, up 30% over 2013

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Newly installed solar photovoltaic (PV) capacity in the US in 2014 reached a record 6,201 MW, growing 30% over 2013’s total, according to the new US Solar Market Insight 2014 Year in Review report released by GTM Research and the Solar Energy Industries Association (SEIA). GTM Research forecasts the US PV market to grow 31% in 2015.

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Eos Energy Storage introduces grid-scale battery system at $160/kWh

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Eos’s grid-scale product is designed to reliably integrate renewable energy, improve grid efficiency and resiliency, and reduce costs for utilities and consumers. With a 30-year life, Eos is can provide peak electricity at a levelized cost of $0.12-0.17 With a 30-year life, Eos is can provide peak electricity at a levelized cost of $0.12-0.17

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Navigant forecasts energy storage enabling technologies revenue to total nearly $75B from 2015 to 2024

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Navigant Research forecasts that worldwide energy storage enabling technology (ESET) revenue will total nearly $75 billion from 2015 to 2024. According to the report, Energy Storage Enabling Technologies , global installed ESET revenue will grow from $605.8 million in 2015 to $21.5 million in 2015 to $21.5