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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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How Automotive Dealerships Can Save Money with Battery Energy Storage

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federal government is actively facilitating EV adoption, aiming to simplify the purchasing process for consumers , encourage companies to electrify their fleets , and assist businesses in installing EV charging stations. Installing a BESS on-site helps alleviate this grid demand for EV charging.

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Eos Energy Storage introduces grid-scale battery system at $160/kWh

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Eos Energy Storage announced the commercial availability of its MW-scale Aurora system for deliveries starting in 2016. The Aurora product employs Eos’s patented Znyth battery technology that uses a safe aqueous electrolyte and a novel zinc-hybrid cathode to enable extremely low-cost electricity storage and long life.

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DOE Awarding $620M for Smart Grid Demonstration and Energy Storage Projects

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The US Department of Energy is awarding $620 million for projects around the country to demonstrate advanced Smart Grid technologies and integrated systems. Smart grid regional demonstrations involving plug-in vehicles include (ranked by DOE funding): Columbus Southern Power Company (doing business as AEP Ohio).

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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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CEC awards Eos Energy Storage $2.1M to demo AC-integrated zinc hybrid-cathode battery technology for grid storage

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The California Energy Commission (CEC) has awarded $2.1 million to Eos Energy Storage, LLC to demonstrate an AC-integrated system incorporating the company’s zinc hybrid-cathode battery technology (“Zynth”) to enhance renewable energy generation and provide grid-scale, multi-hour energy storage.

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NYSERDA awards $1.4M to 6 projects for advanced energy storage technologies; Electromotive and Ioxus for heavy-duty hybrids

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The New York State Energy Research and Development Authority (NYSERDA) awarded a total of $1.4 million to six companies engaged in researching and developing energy storage systems. Funding recipients are all members of the NY Battery and Energy Storage Technology (NY-BEST) Consortium. Eos Energy Storage, $250,000.