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IIASA-led study proposes Underground Gravity Energy Storage as long-term energy storage solution for renewables

Green Car Congress

Renewable energy sources are central to the energy transition toward a more sustainable future. However, because sunshine and wind are inherently variable and inconsistent, finding ways to store energy in an accessible and efficient way is crucial. Dabek, P.B., Brandão, R., Patro, E.R., Leal Filho, W., van Ruijven, B.,

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Tesla leases huge space in Shanghai for store and service center

Teslarati

Tesla has leased a new space in Shanghai, China, set to be used for the company’s largest showroom and service center in the country yet. The new site is expected to open in mid-2024 in Xin Park, and the news comes after Tesla last year announced plans to close select stores in China in an attempt to restrategize.

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EV maker Tesla breaks ground on Megapack energy storage battery factory in Shanghai – ET Auto

Baua Electric

Electric vehicle maker Tesla has begun construction of a factory in Shanghai to make its Megapack energy storage batteries, Chinese state media reported Thursday. Tesla opened an EV plant in Shanghai in 2019 that assembles cars for China, Europe and other overseas markets.

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Tesla to build new Megafactory in Shanghai to produce Megapack energy storage system

CN EV Post

The Megafactory is planned to initially produce up to 10,000 units of commercial energy storage batteries per year, with an energy storage scale of nearly 40 GWh, and the product will be available to the global markets. Notably, Tesla has been hiring for a Megapack project manager position in Shanghai since last month.

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BNEF: energy storage is a $1.2-trillion investment opportunity to 2040

Green Car Congress

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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Tesla to appear at energy conference in Germany next month

Teslarati

Tesla has announced plans to appear at an upcoming energy storage conference in Germany in the coming weeks as the company continues to ramp up its energy business. The electrical energy storage (ees) conference is set to take place next month in Münich, Germany, with Tesla Energy being one of 760 total exhibitors.

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Octillion Power Systems moves US headquarters to Richmond, Calif.; Li-ion packs for transportation and stationary storage

Green Car Congress

Octillion is a global supplier of advanced high-density lithium-ion battery packs for passenger cars, trucks, buses, and energy-storage systems. Battery manufacturing facilities operated by Octillion are located in the United States, China and India. Octillion also supplies batteries for the energy-storage market.

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