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South African firm buys 307 Tesla Powerwall batteries to help with load shedding

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South African retail firm TFG has bought 307 Tesla Powerwall battery storage units to support operations while state-owned power utility Eskom continues load shedding practices. . Load shedding is the practice of switching off parts of the electric grid when there is insufficient capacity. Eskom Holdings SOC Ltd.

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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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Enel acquires eMotorWerks to provide grid balancing solutions and tap into US e-mobility market

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Through the JuiceNet platform, these facilities can be remotely controlled and aggregated for grid balancing purposes relying on unidirectional and bidirectional (vehicle-to-grid, V2G) electricity flows. Enel has installed around 5,000 charging stations in Italy, Spain, Romania, Greece, Chile, Colombia and Argentina.

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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). Europe— even with additional upside from recent policy advances—the Middle East and Africa are set to lag behind their counterparts.

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Daimler and partners deploying world’s largest 2nd-life EV battery storage unit for grid support

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The world’s largest 2nd-life battery storage unit will soon go into operation in the Westphalian town of Lünen. The stationary storage unit, with a total capacity of 13 MWh, uses second-life battery systems from the second generation of smart electric drive vehicles.

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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). This will transform the economic case for batteries in both the vehicle and the electricity sector.

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GE posts $63M in orders for Durathon sodium-halide battery systems

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GE’s Energy Storage business announced $63 million in new Durathon sodium-halide battery orders since the business launched in July. In its first weeks of operation, the business secured 10 new telecom customer orders across several regions, including Africa, Asia, India and the US powering a total of more than 3,500 cell towers.

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