article thumbnail

BNEF forecasts global energy storage market to grow 15-fold by 2030 to 411 GW/1194 GWh

Green Car Congress

Energy storage installations around the world are projected to reach a cumulative 411 GW (or 1,194 GWh) by the end of 2030, according to the latest forecast from research company BloombergNEF (BNEF). That is 15 times the 27GW/56GWh of storage that was online at the end of 2021.

article thumbnail

Qatar invests $125M in energy storage company Fluence

Green Car Congress

Fluence, the global energy storage solutions joint venture between Siemens and AES, announced that it has entered into a definitive agreement with the Qatar Investment Authority (QIA) pursuant to which QIA will commit to invest $125 million in Fluence through a private placement transaction.

article thumbnail

Maxwell Technologies sells HV product line to Renaissance to focus on energy storage for EVs

Green Car Congress

a leading developer and manufacturer of energy storage and power delivery technology, has simultaneously signed and closed a definitive agreement to sell its High Voltage (HV) product line to Renaissance Investment Foundation. Maxwell Technologies, Inc.,

article thumbnail

Two Stories Show How We Can Continue Progress On Grid Stability

CleanTechnica EVs

The future of the power grid is a topic we’ve covered numerous times at CleanTechnica. While it’s an important topic, it’s definitely not the “Checkmate, libs!” ” talking point the anti-EV FUDsters think it is.

Grid 101
article thumbnail

Eos Energy launches $500M Project AMAZE with $398.6M conditional loan guarantee from DOE; long-term zinc-based storage

Green Car Congress

Eos Energy, a provider of safe, scalable, efficient, and sustainable zinc-powered long-duration stationary energy storage systems, announced Project AMAZE (American Made Zinc Energy), a $500-million planned expansion and a significant milestone to build 8 GWh of clean energy storage production capacity.

article thumbnail

DOE report highlights opportunities of hybrid energy systems

Green Car Congress

The US Department of Energy (DOE) released a new report, Hybrid Energy Systems: Opportunities for Coordinated Research , highlighting innovative opportunities to spur joint research on hybrid energy systems (HES). This definition is consistent with, but broader than, industry definitions. Source: DOE.

Energy 418
article thumbnail

A123 Systems and Wanxiang execute definitive agreements for investment of up to $465M in A123

Green Car Congress

US-based Li-ion battery manufacturer A123 Systems announced the execution of definitive agreements with China’s Wanxiang Group Corporation, which follows the non-binding memorandum of understanding (MOU) that A123 signed with Wanxiang on 8 August 2012. Earlier post.) — David Vieau, CEO of A123.

Convert 231