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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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California roadmap for grid-connected energy storage technology

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The California Independent System Operator (ISO), the California Public Utilities Commission (CPUC) and the California Energy Commission (CEC) unveiled a comprehensive roadmap to assess the current market environment and regulatory policies for connecting new energy storage technology to the state’s power grid.

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ABB and BYD enter strategic global collaboration on energy storage

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Global power and automation technology group ABB and BYD Co., 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.

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Southern California Edison to buy 261 MW of energy storage projects; largest grid-connected storage purchase in US

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In addition to five offers with new natural gas generation plants, SCE selected 69 offers from preferred resources and energy storage facilities. —Janice Lin, Executive Director of the California Energy Storage Alliance (CESA). In-Front-of-Meter Battery Energy Storage. Ice Energy Holdings, Inc.

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Hitachi ABB Power Grids launches EV charging system for large-scale e-mobility: Grid-eMotion Fleet

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Hitachi ABB Power Grids has launched Grid-eMotion Fleet, a scalable, modular and fully customizable solution for large-scale EV charging of smart public and commercial transport. Grid-eMotion Fleet comes in standard containers that integrate the grid connection and charging systems.

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Siemens and AES to form global energy storage technology joint venture: Fluence

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Siemens AG and The AES Corporation are forming a new global energy storage technology and services company under the name Fluence. The joint venture will bring together AES’ experience deploying energy storage in seven countries with Siemens’ energy technology leadership and its global sales presence in more than 160 countries.

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Jaguar Land Rover partners with Pramac to create charging unit using second-life Jaguar I-PACE batteries

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Jaguar Land Rover has partnered with Pramac , a global leader in the energy sector, to develop a portable zero-emission energy storage unit powered by second-life Jaguar I-PACE batteries. The partnership is the first in Jaguar Land Rover’s plans to create new circular economy business models for its vehicle batteries.