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Hydro-Québec and Sony forming JV to develop large-scale Li-ion energy storage system for power grids

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Hydro-Québec and Sony Corporation will establish a joint venture to research and develop a large-scale energy storage system for power grids. Furthermore, the energy storage system for such power supplies must be highly safe and reliable due to the need for an efficient and stable source of high capacity power.

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IBM introduces new wind and solar forecasting system for utilities; big data analytics and weather modeling to predict output

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The solution combines weather prediction and big data analytics to forecast accurately the availability of wind power and solar energy. This will enable utilities to integrate more renewable energy into the power grid, the company says.

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China’s battery storage capacity growth likely to slow in 2024 – ET Auto

Baua Electric

CNESA forecast improvements in the economics of battery energy storage in China this year, without providing specifics. Growth in China’s battery storage capacity could slow down in 2024, according to an industry association, as energy storage struggles with low profitability.

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China’s battery storage capacity growth likely to slow in 2024 – ET Auto

Baua Electric

Growth in China’s battery storage capacity could slow down in 2024, according to an industry association, as energy storage struggles with low profitability. That estimate lags the expected growth in sales of energy storage products, which will rise 35% year-on-year globally, according to the white paper.

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3 Oil Majors That Bet Big On Renewables

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Further, according to Rystad Energy, Big Oil is expected to pump in $166B into new oil and gas ventures over the next five years, thus dwarfing the currently specified outlay of just $18B (less than 10% of capex) for solar and wind energy projects. Good case in point: Italian multinational oil and gas giant Eni S.p.A.

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Audi unveils e-gas project: synthetic methane from the methanation of green hydrogen; series production of CNG models in 2013 powered by e-gas

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The e-gas project consists of two main components: Audi is contributing to the construction of offshore North Sea wind turbines which will generate clean power,that is then fed into the public power grid. Audi wants to use green power to produce and also operate its electric-drive e-tron models in the future.

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Audi involved in EEBUS standard for intelligent connection of EVs and buildings

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At the “Plugfest E-Mobility” at the Audi plant in Brussels, developers are testing cross-industry compatibility before the EEBUS standard for energy communication is introduced in February. The electric car will play an important role as a power consumer in the digital energy world.

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