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Electrify America unveils its first application of megawatt-level energy storage

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Electrify America recently unveiled its first application of a megawatt-level battery energy storage system (BESS) for electric vehicle (EV) charging stations, building upon the company’s existing BESS installations at more than 150 stations across the US, including more than 100 installations in California.

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Northvolt & Mälarenergi partner to deploy battery energy storage for EV charging

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Northvolt and Mälarenergi are partnering to establish a battery energy storage system at an electric vehicle charging station in Västerås, Sweden. The battery system will provide power output up to 220 kW and a usable energy capacity of 320 kWh. —Emad Zand, President Energy Solutions, Northvolt.

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DOE releases Energy Storage Grand Challenge Roadmap; 44% reduction in manufactured cost for 300-mile EV pack by 2030

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The US Department of Energy (DOE) released the Energy Storage Grand Challenge Roadmap , the Department’s first comprehensive energy storage strategy. billion into energy storage research and development—$400 million per year, on average.

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Mercom Capital Group: Battery storage, smart grid & efficiency companies raise $3.2B in funding in Q3 2020; up 165% QoQ, 777% YoY

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Mercom Capital Group, LLC, a global clean energy communications and consulting firm, released its report on funding and mergers and acquisitions (M&A) activity for the global Battery Storage, Smart Grid, and Energy Efficiency sectors for the third quarter (Q3) and first nine months (9M) of 2020.

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BNEF forecasts global energy storage market to grow 15-fold by 2030 to 411 GW/1194 GWh

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Energy storage installations around the world are projected to reach a cumulative 411 GW (or 1,194 GWh) by the end of 2030, according to the latest forecast from research company BloombergNEF (BNEF). That is 15 times the 27GW/56GWh of storage that was online at the end of 2021.

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Study: California needs up to 55 GW of long duration energy storage by 2045; 150X the storage deployed since 2010

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By 2045, California will require the deployment of up to a staggering 55 gigawatts (GW) of long duration energy storage (LDES) to support its 100% clean electricity goals, according to a new modeling study released by the California Energy Storage Alliance (CESA). —Alex Morris, Executive Director of CESA.

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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. billion by 2023, according to a new forecast by GlobalData. —Bhavana Sri, Power Analyst for GlobalData.