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

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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.

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Energy Vault to provide 1.6 GWh of gravity energy storage to support DG Fuels SAF projects

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Energy Vault, a company developing grid-scale gravity energy storage solutions, has entered into an energy storage system agreement with DG Fuels, a developer of renewable hydrogen and biogenic-based, synthetic sustainable aviation fuel (SAF) and diesel fuel.

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BNEF: China dominates the Li-ion battery supply chain, but Europe is on the rise

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China dominates BloombergNEF’s (BNEF) lithium-ion battery supply chain ranking in 2020, having quickly surpassed Japan and Korea that were leaders for the majority of the previous decade. While Europe is launching initiatives to capture more of the raw material value chain, the US is slower to react on this.

Li-ion 459
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Hitachi, Mitsubishi Motors and ENGIE testing plug-in vehicles as renewable energy storage for office buildings

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Hitachi Europe Ltd., Mitsubishi Motors and ENGIE are partnered in a project to explore the potential for electric vehicles to act as a means of energy storage for an office building. This energy can then be discharged back into the grid when appropriate. kW, kWh and VAR.

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Opinion: Reinventing fuel-based power for a more secure and resilient grid

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With battery storage able to provide a unique role in balancing a renewable electricity grid, Toby Gill, CEO of Intelligent Power Generation, asks could innovations in green hydrogen and biofuel technologies contribute to a more optimized and economical energy mix? Our grid is changing, and so must the way we operate it.

Grid 332
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Mitsubishi Heavy to supply 500 kWh (normal) containerized Li-ion energy storage system to power grid of Orkney Islands

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(MHI), jointly with SSE plc (formerly Scottish and Southern Energy plc), will begin an energy storage system demonstration project using the power grid in the UK’s Orkney Islands, which has a high proportion of renewable energy generation in relation to demand. In the project, Mitsubishi Power Systems Europe, Ltd.

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Eurocell EMEA to build Gigafactory in Western Europe; NCM cathodes, graphite-silicon composite anodes

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With an initial ÂŁ600-million (US$813-million) investment planned over two phases, it intends to supply European energy storage, automotive, and e-mobility applications. A wide range of operating temperatures also makes the Eurocell cells suited to areas with extreme weather and without an existing grid network.

Europe 243