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IDTechEx: Nio spearheading battery swapping expansion beyond China

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There are also other companies in China that offer models with battery swap support, but for the taxi market. Nio has 1071 swap stations in China as of August 2022 but is gearing up to expand its sales and swap station facilities across Europe. Swapping to become more efficient by using smaller batteries.

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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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China’s first large-scale sodium-ion battery charges to 90% in 12 minutes

Electrek

China’s first major sodium-ion battery energy storage station is now online, according to state-owned utility China Southern Power Grid Energy Storage.

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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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ABB and BYD enter strategic global collaboration on energy storage

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announced today a strategic global collaboration to develop new solutions for energy storage, building on their complementary strengths. The scope of the collaboration focuses on the following applications: Grid-connected energy storage. Micro-grid applications. Solar energy. Solar energy.

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China’s State Grid and BYD launch 36 MWh battery system for grid energy storage

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BYD and the State Grid Corporation of China (SGCC) have finished construction on what may be the world’s largest battery energy storage station. The State Grid system is demonstrating a stable solution for transferring vast amounts of renewable electricity safely to the grid on an unprecedented scale.

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Altairnano signs MoU with Shenhua subsidiaries for industrial Li-ion energy storage systems in China

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Altairnano has signed a Memorandum of Understanding (MoU) with Shenhua Science & Technology and its research affiliate, the National Institute of Clean and Low-carbon Energy (NICE), jointly to develop, deploy and promote industrial applications of lithium titanate-based energy storage systems in China.