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BNEF: energy storage is a $1.2-trillion investment opportunity to 2040

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The falling cost of batteries is set to drive a boom in the installation of energy storage systems around the world in the years from now to 2040, according to the latest annual forecast from research company Bloomberg NEF (BNEF). The global energy storage market will grow to a cumulative 942GW/2,857GWh by 2040, attracting $1.2

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Cornell team develops framework for incorporating wireless charging road system into real-time electricity market

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Researchers at Cornell have developed a coupled transportation–power system framework for incorporating a wireless charging road system into the real-time electricity market. In addition, they propose an optimization-based control strategy to manage the energy storage system in a cost-efficient manner. —Shi and Gao (2022).

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GlobalData: Global battery energy storage market to grow by 7% to reach $13.13B by 2023

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The global battery energy storage market will to grow to $13.13 billion by 2023, according to a new forecast by GlobalData. Asia-Pacific (APAC) and EMEA will be the dominant markets for battery energy storage systems over the forecast period 2019-2023. —Bhavana Sri, Power Analyst for GlobalData.

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UCSD study: under current policies, home energy storage would often increase carbon emissions

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Under current policies, home energy storage systems would also often increase carbon emissions, according to a study by a team of researchers at the University of California San Diego published in the journal Environmental Science & Technology. —Ryan Hanna, postdoc at the School of Global Policy and Strategy. 8b03834.

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Two EVs at Plymouth State University delivered 1 MWh over 6 months with Fermata Energy bidirectional charging platform

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The university is taking part in an utility rate program developed by its local utility New Hampshire Electric Cooperative (NHEC), electrification software provider Bellawatt, and Fermata Energy. Through the NHEC application, TER forecasts electricity pricing one day in advance. Bidirectional charging changes that dynamic.

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IDTechEx: Nio spearheading battery swapping expansion beyond China

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These swap stations remain to be seen as a novelty in Europe for the time being but will serve as a complementary public charging solution alongside plug-in infrastructure. The IDTechEx report includes the supply chain and energy storage capacities for various battery swapping players.

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California Energy Commission awards more than $1.8M additional funding to further UCSD microgrid project; energy storage, EV charging and V2G services are components

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The California Energy Commission (CEC) approved funding to advance further the development of its pioneering 42 MW peak microgrid and expand electric vehicle charging at the University of California, San Diego (UCSD). Demonstrate the application of this solar forecasting at Sempra Generation’s 48 MW Photovoltaic (PV) Plant.