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IIASA-led study proposes Underground Gravity Energy Storage as long-term energy storage solution for renewables

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Renewable energy sources are central to the energy transition toward a more sustainable future. However, because sunshine and wind are inherently variable and inconsistent, finding ways to store energy in an accessible and efficient way is crucial. An open-access paper on the work is published in the journal Energies.

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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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Ener1 signs strategic energy storage agreement with Russian National Grid Operator

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This is a unique opportunity for an American company to get in on the ground floor of Russia’s historic shift toward energy efficiency as a full-fledged partner. FGC is in a leap-frog mode to incorporate lithium-ion storage technology for multiple uses in an overhaul of what is one of the world’s largest bulk power grids.

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Rimac plans to introduce the European answer to the Tesla Megapack

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Rimac has announced that it has started an energy storage division within its business, set to take on the likes of the Tesla Megapack. As the use of renewable energy systems like wind and solar has grown in popularity, the need for energy storage systems to back up these renewables has grown as well.

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Rusnano and I2BF invest $20M in Nesscap; production and research in Russia

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Products from the new plant in Russia will be supplied to the growing European and Asian markets for use within the automotive sector and renewable energy markets, said Georgy Kolpachev, Managing Director of Rusnano. Under the terms of the investment agreement, Kolpachev will join Nesscap’s board of directors.

Russia 186
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Vanadium Recovery Project targeting significant increase in vanadium production in Europe with low emissions

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It is becoming recognized as a significant addition to new lithium-ion chemistries used in electric vehicles as well as in VRFBs used for long duration energy storage solutions from renewable sources. Currently, approximately 75% of global vanadium supply is sourced from China, South Africa, and Russia.

Europe 243
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Russian Railways, Sinara Group and RUSNANO to develop hydrogen fuel cell mainline locomotives

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RUSNANO will be represented by subsidiaries and partners and act as a co-contractor in terms of hydrogen fuel cells, energy storage systems based on lithium-ion storage batteries and other innovative technological solutions. The bulk of all work is done on clean energy sources.

Hydrogen 239