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Tesla to build a second Megafactory for utility-scale energy storage units in Shanghai

Green Car Congress

Tesla will build its next Megafactory—the company’s utility-scale battery factory—in Shanghai; the plant will be capable of producing 10,000 Megapacks per year, equal to approximately 40 GWh of energy storage. billion (US$325 million) of annual tax revenues starting at the end of 2023.

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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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Hitachi developing packaged 1 MW Li-ion energy storage system for grid stabilization

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has developed a container-type energy storage system as a core energy product for ensuring the stable use of distributed renewable energy such as wind and solar power, while maintaining the power supply-demand balance. The Hitachi Group has been involved in the energy storage business over several decades.

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How Losing National EV Tax Credits Could Impact Southwestern US States

CleanTechnica EVs

The Golden State has the most EVs of all US states and is a leader in clean energy and energy storage. continued] The post How Losing National EV Tax Credits Could Impact Southwestern US States appeared first on CleanTechnica. So theres much to write about, and perhaps I have.

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DOE awards $98M in tax credits to automakers and suppliers for clean technology manufacturing

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The US Department of Energy (DOE) announced $150 million in clean energy tax credits to 12 businesses to build US capabilities in clean energy manufacturing; $98 million of that goes to five automakers and suppliers towards investments in domestic manufacturing equipment. Funded at $2.3 Funded at $2.3 Lead organization.

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PNNL study outlines requirements for grid storage, reviews four electrochemical energy storage systems: vanadium redox flow, Na-beta, Li-ion and lead-carbon

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Classification of potential electrical storage for stationary applications. published in the ACS journal Chemical Reviews , reviews in detail four stationary storage systems considered the most promising candidates for electrochemical energy storage: vanadium redox flow; sodium-beta alumina membrane; lithium-ion; and lead-carbon batteries.

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Tesla lands in Texas for latest Megapack production facility

Teslarati

Tesla has chosen the location of its latest manufacturing project, a facility that will churn out the Megapack, a large-scale energy storage system for solar energy projects. Brookshire also plans to consider a tax abatement for Tesla at its meeting next Thursday.

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