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BNEF ups forecast for global investment in stationary energy storage, sees majority of capacity likely to be grid-scale

Green Car Congress

Energy storage installations around the world will multiply exponentially, from a modest 9GW/17GWh deployed as of 2018 to 1,095GW/2,850GWh by 2040, according to the latest forecast from research company BloombergNEF (BNEF). Global cumulative energy storage installations. Source: BloombergNEF.

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UNSW, H2Store to develop hydrogen storage for renewables; residential and commercial P2G

Green Car Congress

Researchers at UNSW Sydney (Australia), with partner H2Store , an Australian start-up, have received a $3.5-million million investment from Providence Asset Group to develop a hydrogen hydride storage system that could mean cheaper, safer storage for renewable energy for a range of applications, including residential.

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Utility solar dethrones coal as the cheapest power source in Asia

Baua Electric

The driving force behind this trend is the substantial reduction in capital costs for renewable energy projects. China leads the pack with a 40-70% cost reduction in utility-scale solar, onshore wind, and offshore wind compared to other Asia Pacific markets.

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Power-to-gas trial to inject hydrogen into Australia’s gas grid; A$5M award to AquaHydrex

Green Car Congress

On behalf of the Australian Government, ARENA has provided A$5 million (US$4 million) in funding to Wollongong-based AquaHydrex to develop commercially its new class of electrolyzer to produce cheap hydrogen from splitting water. In the future, there will be increasing amounts of surplus renewable energy when it is sunny or windy.

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Solar and Battery Companies Rattle Utility Powerhouses

Cars That Think

Analysts and power insiders sketch scenes including interconnected local renewable grids that draw on short-duration battery storage (including the small batteries in electric vehicles in a garage, models for which Tesla just happens to make) combined with multi-day storage for power generated by wind and solar.

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Electric Cars and a Smarter Grid - Green Inc. Blog - NYTimes.com

Tony Karrer Delicious EVdriven

So far Israel, Denmark, Australia , Hawaii and California’s Bay Area have plans to implement the Better Place model. Finally there may be new energy storage that requires less lithium. This may be the lowest cost energy storage solution just because we are going to make the batteries anyway.

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