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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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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.

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BNEF ups forecast for global investment in stationary energy storage, sees majority of capacity likely to be grid-scale

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Energy storage installations around the world will multiply exponentially, from a modest 9GW/17GWh deployed as of 2018 to 1,095GW/2,850GWh by 2040, according to the latest forecast from research company BloombergNEF (BNEF). Global cumulative energy storage installations. Source: BloombergNEF.

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Kokam deploys 30 MW, 11.4 MWh energy storage system in Australia

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Ltd, successfully deployed for Alinta Energy, a leading Australian utility, a 30-megawatt (MW) system / 11.4-megawatt megawatt hour (MWh) Energy Storage System (ESS), the largest lithium-ion battery deployed for industrial application in Australia. Operational since April 2018, the ESS consists of five 2.2

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IHS: 9% of solar PV systems in North America will have attached storage in 2018

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IHS forecasts that 9% of solar photovoltaic (PV) systems in North America will include attached storage in 2018. Led by commercial systems, IHS expects 700 megawatts (MW) of PV systems with energy storage will be installed by 2018, compared to just 30 MW in 2014.

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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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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. The battery energy storage systems store power when electricity costs are low and supplement power during high points of consumption, minimizing impact on the electrical grid.

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GM makes its largest green energy purchase to date; 50 MW wind deal

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GM will source wind power through an agreement with Renewable Energy Systems, a global renewable energy and energy storage development and construction company. When the contract begins in the first half of 2018, 6% of GM’s global energy use will be powered by renewable energy.

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