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

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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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DOE launches Energy Storage Grand Challenge

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The US Department of Energy (DOE) launched the Energy Storage Grand Challenge , a comprehensive program to accelerate the development, commercialization, and utilization of next-generation energy storage technologies.

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Siemens’ Russelectric adds EV charging to Massachusetts renewable microgrid

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Russelectric, a manufacturer of distributed energy and microgrid control systems for mission-critical commercial facilities that was acquired by Siemens in 2018, has added electrical vehicle charging capabilities at its Hingham, Massachusetts, facility. kW (30A), thus providing a full charge for most EVs in under four hours.

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

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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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IRENA report says tripling renewables investment required to reach 2050 climate goal

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Global renewable energy investment increased between 2013 and 2018, reaching its peak at US$351 billion in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI). Renewable energy investment slightly declined in 2018, with modest growth through 2019.

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

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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.