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What is energy storage?

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Growing demand for renewable energy, an aging electrical grid, costly grid infrastructure improvements, and increasing extreme weather events will require increased energy flexibility to help the grid balance intermittent supply with responsive demand. In addition, these systems offer a wide range of benefits to energy users.

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Northvolt assembles first lithium-ion battery cell at Swedish gigafactory

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Commissioning and upscaling of the factory will continue through into 2022, when the first commercial customer deliveries will be made. To these customers in the automotive, industrial and energy storage sectors, Northvolt Ett will deliver cells of varying formats with commercial deliveries beginning in 2022.

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

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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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Northvolt & Mälarenergi partner to deploy battery energy storage for EV charging

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Northvolt and Mälarenergi are partnering to establish a battery energy storage system at an electric vehicle charging station in Västerås, Sweden. The battery system will provide power output up to 220 kW and a usable energy capacity of 320 kWh. —Emad Zand, President Energy Solutions, Northvolt.

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Hydro-Québec launches EVLO subsidiary specializing in energy storage systems

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Hydro-Québec has launched EVLO Energy Storage Inc. EVLO ), a subsidiary that designs, sells, and operates safe, efficient and sustainable energy storage systems. EVLO systems also include power control and energy management software. Energy storage will play a crucial role in the energy transition.

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Li-Cycle delivers first commercial shipment of recycled battery material

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a North-America-based lithium-ion battery resource recovery company, recently completed its first shipment of commercially recycled battery material, containing energy metals concentrate. Additionally, Li-Cycle’s technology ensures that lithium-ion batteries are processed safely without risk of thermal runaway (i.e.

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Electrochemical energy storage startup SPARKZ licenses ORNL cobalt-free battery tech

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Stealth-mode electrochemical energy storage startup SPARKZ Inc. has exclusively licensed five battery technologies from the Department of Energy’s Oak Ridge National Laboratory (ORNL) designed to eliminate the use of cobalt metal in lithium-ion batteries. —Ilias Belharouak. SPARKZ, Inc.,