article thumbnail

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.

article thumbnail

Energy Vault to provide 1.6 GWh of gravity energy storage to support DG Fuels SAF projects

Green Car Congress

Energy Vault, a company developing grid-scale gravity energy storage solutions, has entered into an energy storage system agreement with DG Fuels, a developer of renewable hydrogen and biogenic-based, synthetic sustainable aviation fuel (SAF) and diesel fuel.

article thumbnail

Rimac Technology enters stationary energy storage systems market with launch of Rimac Energy

Green Car Congress

Rimac Technology is entering the stationary Energy Storage Systems (ESS) market with the launch of Rimac Energy. The Rimac Energy product portfolio includes utility-scale ESS, commercial & industrial applications, and highly integrated battery buffered charging solutions.

article thumbnail

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

Green Car Congress

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.

article thumbnail

Horizon Europe project developing liquid hydrogen energy storage for net zero aviation

Innovation News Network

The OVERLEAF project aims to decarbonise the skies by pioneering a liquid hydrogen storage tank to fuel hydrogen-powered aircraft. The post Horizon Europe project developing liquid hydrogen energy storage for net zero aviation appeared first on Innovation News Network.

article thumbnail

Europe’s largest battery energy storage system launched in the UK

Innovation News Network

A £75m battery energy storage system – the largest in Europe – has been officially opened in the UK by Harmony Energy Income Trust Plc. The post Europe’s largest battery energy storage system launched in the UK appeared first on Innovation News Network.

article thumbnail

FREYR to collaborate with Honeywell on battery manufacturing, deploying energy storage solutions

Green Car Congress

As part of the collaboration, Honeywell will purchase 19 GWh of battery cells produced by FREYR from 2023 through 2030 for a multitude of energy storage systems applications. Battery Energy Storage Systems (BESS) technology development is critical to the continued decarbonization of global power systems.