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BNEF forecasts global energy storage market to grow 15-fold by 2030 to 411 GW/1194 GWh

Green Car Congress

Energy storage installations around the world are projected to reach a cumulative 411 GW (or 1,194 GWh) by the end of 2030, according to the latest forecast from research company BloombergNEF (BNEF). That is 15 times the 27GW/56GWh of storage that was online at the end of 2021.

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Tesla Megapacks power on at Scotland battery energy storage site

Teslarati

A Tesla Megapack-based battery energy storage system (BESS) has gone live in Scotland, in partnership with TagEnergy and Harmony Energy. Credit: TagEnergy “Battery energy storage systems are vital for unlocking the full potential of renewable energy in the UK,” said Peter Kavanagh, Harmony Energy CEO.

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SCE signs 7 contracts for 770 MW of battery-based energy storage for grid reliability

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Southern California Edison recently signed seven contracts totaling 770 megawatts of battery-based energy storage resources to help enhance the region’s electric system reliability needs. The recently conducted solicitation and the resulting contracts make up one of the country’s largest energy storage procurements.

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California roadmap for grid-connected energy storage technology

Green Car Congress

The California Independent System Operator (ISO), the California Public Utilities Commission (CPUC) and the California Energy Commission (CEC) unveiled a comprehensive roadmap to assess the current market environment and regulatory policies for connecting new energy storage technology to the state’s power grid.

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Report says lithium from California’s Salton Sea can anchor US battery supply chain

Green Car Congress

Developing lithium from the Salton Sea in California can help anchor a multi-billion dollar domestic electric vehicle battery supply chain and inject thousands of jobs and billions of dollars into California’s economically disadvantaged Imperial Valley, according to a new report from New Energy Nexus. Earlier post.).

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Tesla energy storage deployment increases 152% year-over-year

Teslarati

Tesla Energy achieved a number of key milestones in the fourth quarter. As per Tesla’s Q4 and FY 2022 Update Letter, energy storage deployments actually grew by 152% year-over-year in the fourth quarter to 2.5 All in all, Tesla Energy was able to deploy 6.5 GWh, for a total deployment of 6.5 Credit: Tesla Inc.

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Thermal Energy Storage Is No Longer Just Hot Air

Cars That Think

Cheesecake is part of a cohort of companies trying to meet a growing need for alternative forms of energy storage. As countries transition away from fossil fuels to green sources of energy like wind and solar, there will be natural lulls in energy production due to weather conditions.