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IIASA-led study proposes Underground Gravity Energy Storage as long-term energy storage solution for renewables

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Renewable energy sources are central to the energy transition toward a more sustainable future. However, because sunshine and wind are inherently variable and inconsistent, finding ways to store energy in an accessible and efficient way is crucial. An open-access paper on the work is published in the journal Energies.

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BNEF projects impact of COVID-19 on renewables, energy storage, EVs, etc.

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BloombergNEF has issued a research note highlighting some of the likely effects of the coronavirus COVID-19 outbreak over the next year on the transition to a clean economy: including renewable power, energy storage, electric vehicles, heating, cooling and the circular economy.

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EV maker Tesla breaks ground on Megapack energy storage battery factory in Shanghai – ET Auto

Baua Electric

Electric vehicle maker Tesla has begun construction of a factory in Shanghai to make its Megapack energy storage batteries, Chinese state media reported Thursday. Tesla opened an EV plant in Shanghai in 2019 that assembles cars for China, Europe and other overseas markets. It is the No.

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Wärtsilä hybrid propulsion system with methanol engine to power four SAL heavy lift vessels; wind farm installations

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The technology group Wärtsilä will supply its hybrid propulsion system for four new heavy lift vessels being built at the Wuhu Shipyard in China. The Energy Storage system will be based on Lithium-Titanium-Oxide (LTO) batteries, which can handle higher amounts of deep cycles than normal Lithium-ion based systems.

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BNEF ups forecast for global investment in stationary energy storage, sees majority of capacity likely to be grid-scale

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Energy storage installations around the world will multiply exponentially, from a modest 9GW/17GWh deployed as of 2018 to 1,095GW/2,850GWh by 2040, according to the latest forecast from research company BloombergNEF (BNEF). Global cumulative energy storage installations. Source: BloombergNEF.

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Wanxiang and NEC to form joint venture for grid energy storage in China

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China Wanxiang Holding announced the planned formation of a joint venture between its wholly-owned subsidiary, Puxing Energy, and NEC Corporation to pursue grid energy storage opportunities in the Chinese market. Its formation is an important element of the recently announced NEC acquisition of A123 Energy Solutions.

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A123 Systems to supply Li-ion energy storage system to Dongfang Electric Corporation for evaluation for wind power solutions

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Li-ion battery manufacturer A123 Systems will supply a 500kW Li-ion energy storage solution to Dongfang Electric Corporation (DEC), the third largest manufacturer of wind turbines in the People’s Republic of China and the country’s largest exporter of power equipment.

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