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BNEF ups forecast for global investment in stationary energy storage, sees majority of capacity likely to be grid-scale

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BNEF projects that it will be made possible by further sharp declines in the cost of lithium-ion batteries, on top of an 85% reduction in the 2010-18 period. The report goes on to model the impact of this on a global electricity system increasingly penetrated by low-cost wind and solar.

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Faradion receives first order for sodium-ion batteries for Australian market

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Having seen significant interest in regions such as the US, Europe and India due to its performance, safety and price point, James Quinn, CEO of Faradion says Australasia was the next logical region for Faradion given the market conditions.

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BloombergNEF: solar, wind, batteries to attract $10T to 2050; curbing emissions long-term will require other technologies

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Deep declines in wind, solar and battery technology costs will result in a grid nearly half-powered by the two fast-growing renewable energy sources by 2050, according to the latest projections from BloombergNEF (BNEF). Wind and solar grow from 7% of generation today to 48% by 2050. China and India together are a $4.3

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Utility solar dethrones coal as the cheapest power source in Asia

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Photo: China News Service Renewable energy costs in Asia last year were 13% cheaper than coal and are expected to be 32% cheaper by 2030, according to a new study. China leads the pack with a 40-70% cost reduction in utility-scale solar, onshore wind, and offshore wind compared to other Asia Pacific markets.

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Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

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We see $548 billion being invested in battery capacity by 2050, two thirds of that at the grid level and one third installed behind-the-meter by households and businesses. trillion of that going to wind and solar and a further $1.5 NEO 2018 sees $11.5 trillion to other zero-carbon technologies such as hydro and nuclear.

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Reliance buys Na-ion battery developer Faradion

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Reliance New Energy Solar Ltd, a wholly owned subsidiary of Reliance Industries Ltd, will acquire 100% shareholding in sodium-ion battery developer Faradion Limited ( earlier post ) for an enterprise value of £100 million (US$135 million). In addition, it has wide use applications from mobility to grid scale storage and back-up power.

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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). China, the US, India, Japan, Germany, France, Australia, South Korea and the UK will be the leading countries.