article thumbnail

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

Green Car Congress

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.

article thumbnail

EV Battery Swapping Takes Over Africa, Is US Next?

CleanTechnica EVs

A new, eye-catching EV battery swapping station from the firm Spiro levels up rider services and sets the table for rapid global expansion. The post EV Battery Swapping Takes Over Africa, Is US Next? appeared first on CleanTechnica.

Africa 103
article thumbnail

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

Green Car Congress

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.

article thumbnail

Jaguar Land Rover partners with Pramac to create charging unit using second-life Jaguar I-PACE batteries

Green Car Congress

Jaguar Land Rover has partnered with Pramac , a global leader in the energy sector, to develop a portable zero-emission energy storage unit powered by second-life Jaguar I-PACE batteries. The partnership is the first in Jaguar Land Rover’s plans to create new circular economy business models for its vehicle batteries.

article thumbnail

BNEF: energy storage is a $1.2-trillion investment opportunity to 2040

Green Car Congress

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

article thumbnail

Harvey Gulf orders Wärtsilä 746 kWh battery systems for another four LNG-powered supply vessels

Green Car Congress

The technology group Wärtsilä will supply its advanced Energy Storage System (ESS) to be retrofitted on four Harvey Energy class LNG-fueled Platform Supply Vessels (PSVs). Harvey Gulf’s fleet of LNG-fuelled PSVs are to be fitted with Wärtsilä Energy Storage systems, giving them tri-fuel capability. © Harvey Gulf.

Supplies 243
article thumbnail

Williams Advanced Engineering developing battery system for Anglo American’s hydrogen-powered mine haul truck

Green Car Congress

The FCEV haul truck will be powered by a hydrogen Fuel Cell Module (provided by Ballard, earlier post ) paired with a WAE scalable high-power modular lithium-ion battery system. Through regenerative braking, the battery system will be capable of recovering energy as the haul truck travels downhill.

Hydrogen 321