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

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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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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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Nissan office in France to house largest grid-integrated EV system yet

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Nissan’s new regional office in France will house the largest grid-integrated electric vehicle (EV) system and second-life battery storage unit yet installed in a building, anywhere. The new energy management system will also decrease the amount of contracted power consumed from the local electricity supplier.

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JRC assesses EU RD&D investments in electric-drive vehicles; controls and energy storage top the list

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Controls and energy storage top the list. The study found that the majority of ongoing or recently concluded R&D projects are co-funded by, in rank order, Germany (38.5%), the European Union (27.3%), France (10.7%), the Netherlands (5.9%), and the UK (3.7%). HI-WI, iKRAVT); controls for energy storage systems (i.e.

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Ballard and HDF Energy sign development agreement for multi-megawatt fuel cell systems

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Ballard Power Systems has signed a product development agreement with Hydrogene de France ( HDF Energy ), an independent power producer dedicated to renewable power generation, for the development and integration of a multi-megawatt (MW) scale fuel cell system into HDF Energy’s Renewstable power plant designed for stationary power applications.

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Kinetic Traction Systems launches with trackside flywheel energy storage technology for rail

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KTSi trackside flywheel systems provide voltage support to overtaxed sections of electric rail systems, eliminating slowdowns, as well as capturing, storing and reusing the regenerative braking energy of rail cars. Kinetic Traction was formed earlier this year in the wake of the collapse of advanced flywheel energy storage company Pentadyne.

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BNEF: China dominates the Li-ion battery supply chain, but Europe is on the rise

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The next decade will be particularly interesting as Europe and the US try to create their own battery champions to challenge Asian incumbents who are already building capacity in both places. —James Frith, BNEF’s head of energy storage.

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