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

ŠKODA collaborates with IBG ?esko on second-life battery energy storage system; up to 328 kWh

Green Car Congress

ŠKODA AUTO, a subsidiary of the Volkswagen Group, is introducing a smart energy storage system using second-life batteries from electric vehicles. Following a successful pilot project in Prague, the energy storage units are now available to ŠKODA contract dealers. In partnership with the Czech technology company IBG ?esko,

article thumbnail

BloombergNEF reports 11% year-on-year rise in renewable energy financing in the first half of 2022, for a total of $226B

Green Car Congress

Wind project financing was up 16% from 1H 2021, at $84 billion. Both sectors have been challenged recently by rising input costs for key materials such as steel and polysilicon, as well as supply chain disruptions and rising financing costs. billion raised—up 63% on the previous year. The 2Q figure, at $3.9

Financing 243
article thumbnail

Mercedes-Benz Energy and Vivint Solar partner on US home energy storage systems

Green Car Congress

Mercedes-Benz Energy and Vivint Solar announced an exclusive strategic collaboration to bring the Mercedes-Benz customizable home energy storage system to the US. The storage systems are made to Mercedes-Benz quality standards and based on the same automotive-grade battery technology used in its electric and hybrid vehicles.

article thumbnail

EnerNOC and Tesla to collaborate on stationary energy storage

Green Car Congress

a provider of energy intelligence software (EIS), will collaborate with Tesla on the deployment and management of energy storage systems in commercial and industrial buildings. Tesla announced its PowerWall line of stationary Li-ion battery storage systems last night. EnerNOC, Inc., Earlier post.).

article thumbnail

Australia’s new giant Tesla Megapack battery project completes project financing

Teslarati

Australian renewable energy Edify Energy has formally announced that its high-profile 150MW / 300MWh battery storage system has completed its financing. Full release here [link] #renewableenergy #energystoragesystems #edifyenergy — Edify Energy (@edify_energy) June 14, 2022.

article thumbnail

Hynfra and Amarenco MENA form strategic partnership to produce hydrogen and ammonia in MENA region

Green Car Congress

Amarenco will be responsible for developing photovoltaic farms and energy storage facilities, while Hynfra will provide the technology for producing renewable hydrogen and its derivatives. Amarenco is a renewable energy producer with its global headquarters in Cork, Ireland. Hynfra P.S.A.

Hydrogen 150