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BNEF: energy storage is a $1.2-trillion investment opportunity to 2040

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The falling cost of batteries is set to drive a boom in the installation of energy storage systems around the world in the years from now to 2040, according to the latest annual forecast from research company Bloomberg NEF (BNEF). The global energy storage market will grow to a cumulative 942GW/2,857GWh by 2040, attracting $1.2

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These 10 U.S. states have the most battery storage capacity installed

Teslarati

Installation of large-scale energy storage systems is expected to continue increasing in the U.S. According to data from the Energy Information Administration (EIA) shared on Tuesday, U.S. energy storage system deployment is expected to nearly double in 2024, with battery capacity forecasted to grow by 89 percent.

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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. This project contributes to China’s 5-year plan to reduce its reliance on fossil fuels.

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Two EVs at Plymouth State University delivered 1 MWh over 6 months with Fermata Energy bidirectional charging platform

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The program at PSU brings together EVs, a bidirectional EV charging system, and advance notice on hourly electricity pricing—called a Transactive Energy Rate (TER)—enabling the university to make decisions easily about using the Nissan LEAF batteries as mobile energy storage assets.

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Three Major Sources of Funding for EV Charging at Convenience Stores and Truck Stops

Blink Charging

In the ongoing transition to electric vehicles (EVs), convenience stores and truck stops will continue to be important places for public EV charging. Furthermore, by 2035, EVs are projected to account for 45% of the market , up from a forecast of 32% in 2030. What are the best EV chargers for convenience stores and truck stops?

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Navigant forecasts 29.3% CAGR growth for electric-drive and electric-assisted commercial vehicles to nearly 160K units in 2023

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In a new report , Navigant Research forecasts that global sales of electric drive and electric-assisted medium- and heavy-duty commercial vehicles (MHDV, Classes 3 to 8) will grow from less than 16,000 in 2014 to nearly 160,000 in 2023, representing a compound annual growth rate (CAGR) of 29.3%.

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California Energy Commission awards more than $1.8M additional funding to further UCSD microgrid project; energy storage, EV charging and V2G services are components

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These funds will be invested, in part, in analyzing multiple stand-alone energy storage technologies to further improve the microgrid. It provides a crucial real-life demonstration of technology that can help to provide California a future of clean, sustainable and reliable energy. —Energy Commission Chair Robert B.