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Lux predicts energy storage market will hit $546B by 2035

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The total energy storage market is expected to grow to $546 billion in annual revenue by 2035, according to a report released by Lux Research. Medium- and heavy-duty vehicles come in next, growing from $600 million a year in 2019 to a projected $3.6 Stationary storage is expected to grow to $111.8 billion revenue in 2019.

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Electrify America reaches 30MW in installed battery energy storage at 140 DC-fast charging stations across the US; behind-the-meter grid services

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Electrify America has installed onsite, behind-the-meter battery energy storage systems (BESS) at more than 140 ultra-fast DC charging stations around the country, including more than 90 installations in California.

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Rimac Technology enters stationary energy storage systems market with launch of Rimac Energy

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Rimac Technology is entering the stationary Energy Storage Systems (ESS) market with the launch of Rimac Energy. Rimac Technology is the Rimac Group entity that designs, engineers and produces high-performance EV components and systems to help the industry build hybrid and electric vehicles.

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GM Defense to prototype energy storage system for DoD leveraging Ultium platform

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GM Defense, a subsidiary of General Motors, was selected by the Department of Defense’s (DoD) Defense Innovation Unit (DIU) to prototype an energy storage unit. Rendering of GM Defense’s energy storage solution.

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Alkegen begins commercial production of silicon anode material SiFAB in Indiana

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Alkegen has begun commercial production of its silicon fiber anode material platform, SiFAB. SiFAB features micron-sized silicon fiber with an engineered structure that enables higher energy density through a nanoporous fiber structure that accommodates swelling.

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DOE releases Energy Storage Grand Challenge Roadmap; 44% reduction in manufactured cost for 300-mile EV pack by 2030

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The US Department of Energy (DOE) released the Energy Storage Grand Challenge Roadmap , the Department’s first comprehensive energy storage strategy. billion into energy storage research and development—$400 million per year, on average.

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Northvolt & Mälarenergi partner to deploy battery energy storage for EV charging

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Northvolt and Mälarenergi are partnering to establish a battery energy storage system at an electric vehicle charging station in Västerås, Sweden. The battery system will provide power output up to 220 kW and a usable energy capacity of 320 kWh. —Emad Zand, President Energy Solutions, Northvolt.