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

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green hydrogen meets the requirements for participation in the primary control reserve market. 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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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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Hyundai Motor accelerates hydrogen technology development through 3 strategic investments

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This marks Hyundai’s second investment into the startup since Hyundai CRADLE Tel Aviv first announced the partnership in November 2018. GRZ Technologies is a company based in Switzerland specializing in energy storage in hydrogen form. GRZ Technologies.

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Toyota, UH researchers improve performance of high-energy magnesium-ion batteries

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Researchers from the University of Houston and the Toyota Research Institute of America have discovered a promising new version of high-energy magnesium batteries, with potential applications ranging from electric vehicles to battery storage for renewable energy systems. Dong et al. 2018.11.022.

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