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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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ABB partners with Vigor selects ABB as propulsion and energy storage partner for hybrid-electric ferries

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American shipbuilding company Vigor Fab LLC has selected ABB as the hybrid-electric propulsion and energy storage system provider for the newest additions to the Washington State Ferry fleet—the largest US ferry system. With the addition of newer-built, clean energy ferries to the fleet, fuel consumption is projected at 9.5

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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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Impact Clean Power Technology unveils visualization of GigafactoryX; 4 GWh/year by 2027

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Poland-based battery systems maker Impact Clean Power Technology unveiled a visualization of GigafactoryX—a large-scale battery factory for electric vehicles and energy storage which will be launched in the city of Pruszków, near Warsaw. The factory will be certified to IATF 16949:2016, ISO 45001:2018 and ISO 14001.:2015,

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Rolls-Royce launches new modular Li-ion battery system for ships: SAVe Energy

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Rolls-Royce is launching a lithium-ion based energy storage system for ships. Rolls-Royce has been delivering energy storage systems since 2010, however the actual energy storage units were previously supplied by an external party. Energy storage is a major green investment for a ship owner.

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Wärtsilä providing HY hybrid modules for Swedish port tug; first vessel operating with Wärtsilä HY solution

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The technology group Wärtsilä will supply two Wärtsilä HY 2 hybrid power modules for a new escort tug being built for the Swedish port of Luleå located on the Gulf of Bothnia in the northern end of the Baltic Sea. The equipment is scheduled to be delivered to the yard during summer 2018. Earlier post.).

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