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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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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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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. All products are fully designed, developed, and produced in Europe. These pilot systems are expected to be produced by the end of this year, and commissioned in 2024.

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

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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 storage will play a crucial role as organizations transition to clean power generation. —Tom Einar Jensen, FREYR’s Chief Executive Officer.

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Volvo partnership will recycle EV batteries into energy storage

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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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Hitachi, Mitsubishi Motors and ENGIE testing plug-in vehicles as renewable energy storage for office buildings

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Hitachi Europe Ltd., Mitsubishi Motors and ENGIE are partnered in a project to explore the potential for electric vehicles to act as a means of energy storage for an office building. This energy can then be discharged back into the grid when appropriate. Mitsubishi Motors is providing an Outlander PHEV SUV.