article thumbnail

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

article thumbnail

Ricardo delivers latest TorqStor flywheel energy storage unit to DDflyTrain project

Green Car Congress

Ricardo has delivered the latest generation of its award-winning TorqStor high speed flywheel energy storage technology to digital hydraulics specialist Artemis Intelligent Power Ltd. for use on the DDflyTrain research project, aiming to demonstrate the effectiveness of flywheel energy storage on diesel multiple unit (DMU) trains.

article thumbnail

Lux analysis points to fall off in innovation interest in renewables and energy storage

Green Car Congress

Lux says that the method has proven successful in uncovering predictive data about emerging innovation such as artificial intelligence, health sensors, and other digital transformation topics, as well as tracking declining innovation like diesel engines and the rise of tight oil, electric vehicles, and quinoa, to give just a few examples.

article thumbnail

Shell forms consortium to accelerate the electrification of off-road mining vehicles

Green Car Congress

The pilot offer combines an innovative, high-powered energy storage solution with ultrafast charging and a standardized micro-grid energy system where the required solution can be complemented with renewable electricity generation on-site or through the grid.

article thumbnail

What is Behind the Meter (BTM)?

Setec Powerr

These systems enable energy users to manage their energy use more effectively, improve energy efficiency, and reduce dependence on the traditional grid. Public infrastructure, commercial buildings and factories : such C&I BESS applications can potentially reduce up to 80% of energy cost in operation.

article thumbnail

ITM Power reports its estimated cost of producing hydrogen via electrolysis down significantly from last year

Green Car Congress

One way of achieving high utilization is by combining Power-to-Gas energy storage with refueling. Fueling cost comparison. The Hyundai ix35 FCEV has a hydrogen storage tank of 5.64kg with a driving range of 594 km, representing hydrogen consumption of 0.95 The diesel version of the Hyundai ix35 (2.0 Earlier post.).

Hydrogen 311
article thumbnail

Volvo Trucks receives order of 50 Volvo VNR Electric Trucks for WattEV’s Truck-as-a-Service start-up

Green Car Congress

WattEV’s TaaS model provides shippers and carriers access to battery-electric trucks at a per-mile rate, including charging, that is on par with the total cost of operating diesel trucks. To learn more about the Volvo VNR Electric, visit the company website.

Volvo 259