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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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JERA and Toyota deploy first large capacity Sweep Energy Storage System with second-life batteries

Green Car Congress

JERA, the largest power generation company in Japan, responsible for about 30% of Japan’s electricity, and Toyota Motor have built and deployed the first large-capacity “Sweep Energy Storage System”. The project plans to operate grid storage batteries for recharge and discharge operations, connected to the Chubu Electric Power Grid Co.,

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GlobalData: Global battery energy storage market to grow by 7% to reach $13.13B by 2023

Green Car Congress

The global battery energy storage market will to grow to $13.13 Asia-Pacific (APAC) and EMEA will be the dominant markets for battery energy storage systems over the forecast period 2019-2023. The US market for battery energy storage is estimated to reach $2.96bn in 2023, accounting for 23% of the global market.

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Electrochemical energy storage startup SPARKZ licenses ORNL cobalt-free battery tech

Green Car Congress

Stealth-mode electrochemical energy storage startup SPARKZ Inc. has exclusively licensed five battery technologies from the Department of Energy’s Oak Ridge National Laboratory (ORNL) designed to eliminate the use of cobalt metal in lithium-ion batteries. I look at this as a very strategic partnership. —Ilias Belharouak.

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Tesla investors to vote on Texas incorporation, ratification of Musk’s 2018 comp plan at 2024 annual meeting

Teslarati

The document included details about the electric vehicle maker’s 2024 annual meeting of stockholders, updates regarding the company’s plans for CEO Elon Musk’s 2018 pay package, as well as an initiative to move Tesla’s state of corporation from Delaware to Texas.

Texas 131
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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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Maxwell Technologies sells HV product line to Renaissance to focus on energy storage for EVs

Green Car Congress

a leading developer and manufacturer of energy storage and power delivery technology, has simultaneously signed and closed a definitive agreement to sell its High Voltage (HV) product line to Renaissance Investment Foundation. Maxwell Technologies, Inc., million for Maxwell—approximately 21% of the total revenue reported.