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

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Energy storage installations around the world will multiply exponentially, from a modest 9GW/17GWh deployed as of 2018 to 1,095GW/2,850GWh by 2040, according to the latest forecast from research company BloombergNEF (BNEF). Global cumulative energy storage installations. Source: BloombergNEF.

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DOE releases draft energy storage grand challenge roadmap and requests stakeholder input

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The US Department of Energy (DOE) released the Energy Storage Grand Challenge Draft Roadmap and a Request for Information (RFI) seeking stakeholder input on the Draft Roadmap. Categories of storage included in the Energy Storage Grand Challenge. Over the Fiscal Years 2017-2019, DOE has invested more than $1.2

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ABB and BYD enter strategic global collaboration on energy storage

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Global power and automation technology group ABB and BYD Co., announced today a strategic global collaboration to develop new solutions for energy storage, building on their complementary strengths. ABB and BYD said they share a common vision of sustainable power and industry as well as transport solutions.

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Berkeley Lab and Hydro-Québec partner on transportation electrification and energy storage

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Hydro-Québec and the US Department of Energy’s Lawrence Berkeley National Laboratory (Berkeley Lab) have agreed to explore collaborations toward the research and development of manufacturing and scale-up technology to advance transportation electrification and energy storage. —Berkeley Lab Director Mike Witherell.

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Lux Research: transportation and stationary energy storage passing consumer electronics as largest energy storage markets by next year

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Although consumer electronics—devices such as smartphones and laptops—have traditionally driven the most demand for energy storage devices, transportation and stationary applications will soon become the largest energy storage markets, according to Lux Research. billion opportunity in 2025.

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Hitachi ABB Power Grids launches EV charging system for large-scale e-mobility: Grid-eMotion Fleet

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Hitachi ABB Power Grids has launched Grid-eMotion Fleet, a scalable, modular and fully customizable solution for large-scale EV charging of smart public and commercial transport. Grid-eMotion Fleet comes in standard containers that integrate the grid connection and charging systems.