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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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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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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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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.

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

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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.

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Hynfra and Amarenco MENA form strategic partnership to produce hydrogen and ammonia in MENA region

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Poland-based Hynfra has signed a framework cooperation agreement with Amarenco MENA, a major developer of renewable energy projects in the Middle East and North Africa and part of Amarenco Group. The area has high solar radiation levels, making it an ideal location for large-scale solar energy production.

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

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Global mining company, Anglo American, has engaged Williams Advanced Engineering (WAE) to develop its new Fuel Cell Electric Vehicle (FCEV): a 290-tonne electrically powered mining haul truck, which is set to be the world’s largest electrified vehicle. Earlier post.).

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