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Cal ISO: California grid battery storage increased nearly 20x since 2019 to 5,000MW; projected to hit 52,000 MW by 2045

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According to the California Independent System Operator, battery storage capacity in the state has increased by nearly 20 times since 2019—from 250 megawatts (MW) to 5,000 MW. Escalating requirements saw the goal increase to 33% by 2020—a target that was met two years early in 2018. compared to 2020.

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Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

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This year’s outlook is the first to highlight the significant impact that falling battery costs will have on the electricity mix over the coming decades. We see $548 billion being invested in battery capacity by 2050, two thirds of that at the grid level and one third installed behind-the-meter by households and businesses.

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SolarEdge, Kokam open 2GWh cell plant in South Korea

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SolarEdge Technologies and SolarEdge’s subsidiary, Kokam Limited Company, a provider of lithium-ion batteries and integrated energy storage solutions, announced the opening of “Sella 2”, a two gigawatt-hour (GWh) battery cell manufacturing facility. The opening of Sella 2 is an important milestone for SolarEdge.

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BloombergNEF: solar, wind, batteries to attract $10T to 2050; curbing emissions long-term will require other technologies

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Deep declines in wind, solar and battery technology costs will result in a grid nearly half-powered by the two fast-growing renewable energy sources by 2050, according to the latest projections from BloombergNEF (BNEF). Wind and solar grow from 7% of generation today to 48% by 2050. This will attract $13.3

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EIA: US large-scale battery storage power capacity increased 35% in 2020

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The United States continued a trend of significant growth in large-scale battery capacity, with US battery power capacity reaching 1,650 megawatts (MW) by the end of 2020. At the end of 2019, 163 large-scale battery storage systems were operating in the United States, a 28% increase from 2018.

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Hercules EV opens $20M Series A round; targeting electric pickup in late 2022; Prieto solid-state batteries

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James Breyer founded Hercules Electric Vehicles in 2018 with a vision to bring luxury eco-utility products to market, beginning with an electric pickup truck and followed by other electric mobility products. Hercules vehicles will offer integrated solar charging, long-range batteries and optional fuel-cell range-extender options.

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Tesla Gigafactory will be covered in solar panels by end of 2022

Teslarati

Tesla will completely cover its Nevada Gigafactory in solar panels by the end of 2022, the company said in its 2020 Impact Report. However, the Nevada Gigafactory is still a powerhouse facility, providing batteries and electric powertrains for the company’s all-electric vehicles and energy storage products.

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