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Rimac Technology enters stationary energy storage systems market with launch of Rimac Energy

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Rimac Technology is entering the stationary Energy Storage Systems (ESS) market with the launch of Rimac Energy. Additional technological benefits include improved cycle life, built-in redundancy for increased availability, as well as competitive material and installation cost.

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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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Hydro-Québec launches EVLO subsidiary specializing in energy storage systems

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Hydro-Québec has launched EVLO Energy Storage Inc. EVLO ), a subsidiary that designs, sells, and operates safe, efficient and sustainable energy storage systems. EVLO systems also include power control and energy management software. Energy storage will play a crucial role in the energy transition.

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FREYR to collaborate with Honeywell on battery manufacturing, deploying energy storage solutions

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As part of the collaboration, Honeywell will purchase 19 GWh of battery cells produced by FREYR from 2023 through 2030 for a multitude of energy storage systems applications. Battery storage will play a crucial role as organizations transition to clean power generation. —Tom Einar Jensen, FREYR’s Chief Executive Officer.

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Ulstein introduces second hydrogen vessel design: J102 hydrogen hybrid wind turbine installation vessel

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Ulstein has introduced its second hydrogen hybrid vessel design for the offshore industry. The ULSTEIN J102 zero emission wind turbine installation vessel (WTIV), can operate 75% of the time in zero emission mode. The downside however of a high-power battery energy storage system (BESS) is the heavy weight and cost.

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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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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