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

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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.

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

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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.

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Camborne Energy Storage to install first Tesla Grid-Scale Powerpacks in Europe

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Camborne Energy Storage, a UK-based developer of large-scale energy storage projects, is installing the first grid scale Tesla Powerpacks in Europe. With the recent arrival of the batteries to a site in Somerset, Camborne is co-locating them with a ground mounted solar PV site.

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Volvo partnership will recycle EV batteries into energy storage

Teslarati

One such company includes Volvo, which has announced a partnership to recycle old EV batteries into new energy storage systems. Volvo is partnering with battery recycler Connected Energy to give EV batteries a second life as battery energy storage systems (BESS), as detailed in a press release on Wednesday.

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Kia EV batteries find second life as energy storage systems to reduce strain on grid

Electrek

Kia Europe has announced a new partnership with encore Deutsche Bahn to reuse former EV batteries to create scalable energy storage systems. The prototype has already been implemented in Germany using Kia Soul EV batteries and marks the start of the automaker’s Europe-wide initiative.

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US DOE releases Grid Energy Storage report

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The US Department of Energy (DOE) released its Grid Energy Storage report to the members of the Senate Energy and Natural Resources Committee. of total electric production capacity) of grid storage, 95% of which is pumped storage hydro. At present, the report noted, the US has about 24.6