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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). The global energy storage market will grow to a cumulative 942GW/2,857GWh by 2040, attracting $1.2

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These 10 U.S. states have the most battery storage capacity installed

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Installation of large-scale energy storage systems is expected to continue increasing in the U.S. According to data from the Energy Information Administration (EIA) shared on Tuesday, U.S. energy storage system deployment is expected to nearly double in 2024, with battery capacity forecasted to grow by 89 percent.

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IBM introduces new wind and solar forecasting system for utilities; big data analytics and weather modeling to predict output

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The solution combines weather prediction and big data analytics to forecast accurately the availability of wind power and solar energy. This will enable utilities to integrate more renewable energy into the power grid, the company says. This amount of additional energy can power roughly more than 14,000 homes.

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Two EVs at Plymouth State University delivered 1 MWh over 6 months with Fermata Energy bidirectional charging platform

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The program at PSU brings together EVs, a bidirectional EV charging system, and advance notice on hourly electricity pricing—called a Transactive Energy Rate (TER)—enabling the university to make decisions easily about using the Nissan LEAF batteries as mobile energy storage assets.

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California Energy Commission awards more than $1.8M additional funding to further UCSD microgrid project; energy storage, EV charging and V2G services are components

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These funds will be invested, in part, in analyzing multiple stand-alone energy storage technologies to further improve the microgrid. It provides a crucial real-life demonstration of technology that can help to provide California a future of clean, sustainable and reliable energy. —Energy Commission Chair Robert B.

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Next 10 reports explore rapid changes to California grid driven by EVs, distributed energy resources and community choice aggregation

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California’s grid is facing an era of rapid change. There are a lot of complex issues for Californians — especially policymakers—to consider as we work toward a clean energy future. Framework of Electric Mobility - Infrastructure - Charging - Grid Nexus. The California Energy Commission forecasts that 3.9

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BMW i ChargeForward Program to demo contribution of intelligent EV charging to grid efficiency

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Working with a select group of BMW i3 drivers, BMW i ChargeForward will demonstrate how intelligent management of electric vehicle charging can contribute to improved electric power grid efficiency while reducing total cost of electric vehicle ownership. EV battery “second life” system using MINI E vehicle batteries.

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