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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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Energy storage: the key to a decarbonised future

Setec Powerr

We are transitioning from fossil fuels to renewable energy sources such as wind and solar, and the use of energy storage is becoming more widespread. And with the popularity of electric vehicles, the grid is under more and more pressure, so the demand for energy storage is growing. Battery storage.

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Eos Energy launches $500M Project AMAZE with $398.6M conditional loan guarantee from DOE; long-term zinc-based storage

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Eos Energy, a provider of safe, scalable, efficient, and sustainable zinc-powered long-duration stationary energy storage systems, announced Project AMAZE (American Made Zinc Energy), a $500-million planned expansion and a significant milestone to build 8 GWh of clean energy storage production capacity.

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Electrify America has opened more than 500 EV charging stations to public; more than 2,200 ultra-fast chargers

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Electrify America has opened more than 500 electric vehicle (EV) charging stations across the US, with more than 2,200 individual DC fast chargers. Since opening its first site in May 2018, Electrify America has set a rapid pace for its network expansion, opening an average of nearly four stations per week.

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thyssenkrupp’s water electrolysis technology qualified as primary control reserve in Germany; hydrogen production for the electricity market

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Operators can now link their plants to the German electricity market via E.ON’s virtual power plant. Earlier tests already demonstrated that our electrolysis plants can produce green hydrogen highly efficiently and with sufficient response speed and flexibility to participate in the energy balancing market. thyssenkrupp and E.ON

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Elcora acquires vanadium sites in quest to further position in battery technologies

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This strategic acquisition supports Elcora’s plan to enhance both its mining and energy storage solutions by adding additional markets related to battery technologies. Vanadium’s role in the growing energy grid storage will increase over the coming years. Therefore, the need for energy storage is crucial.

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Singapore’s HES unveils plans for regional hydrogen-electric passenger aircraft: Element One

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After 12 years developing hydrogen propulsion systems for small unmanned aircraft ( earlier post ), HES Energy Systems is unveiled its plans for Element One, the first regional hydrogen-electric passenger aircraft. Element One’s design paves the way for renewable hydrogen as a long-range fuel for electric aviation.

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