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Energy Vault to provide 1.6 GWh of gravity energy storage to support DG Fuels SAF projects

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Energy Vault, a company developing grid-scale gravity energy storage solutions, has entered into an energy storage system agreement with DG Fuels, a developer of renewable hydrogen and biogenic-based, synthetic sustainable aviation fuel (SAF) and diesel fuel. barrel per ton of feedstock.

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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 projects impact of COVID-19 on renewables, energy storage, EVs, etc.

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BloombergNEF has issued a research note highlighting some of the likely effects of the coronavirus COVID-19 outbreak over the next year on the transition to a clean economy: including renewable power, energy storage, electric vehicles, heating, cooling and the circular economy.

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Rimac Technology and EVE Energy partner on 46xx battery cell production in Europe

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Rimac Technology, a leading provider of high-performance automotive technology solutions to global OEMs, has partnered with battery maker EVE Energy. The solution meets the stringent demands of the industry offering class-leading energy density, customizable cell-to-pack solutions, and an advanced battery management system.

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BNEF: China dominates the Li-ion battery supply chain, but Europe is on the rise

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China dominates BloombergNEF’s (BNEF) lithium-ion battery supply chain ranking in 2020, having quickly surpassed Japan and Korea that were leaders for the majority of the previous decade. While Europe is launching initiatives to capture more of the raw material value chain, the US is slower to react on this.

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Hitachi, Mitsubishi Motors and ENGIE testing plug-in vehicles as renewable energy storage for office buildings

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Hitachi Europe Ltd., Mitsubishi Motors and ENGIE are partnered in a project to explore the potential for electric vehicles to act as a means of energy storage for an office building. This energy can then be discharged back into the grid when appropriate. kW, kWh and VAR.

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Volvo Energy invests $4.9M in Connected Energy for second-life battery business; 10% stake

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In its mission to support and secure an attractive and sustainable circular business model for batteries, Volvo Energy is investing approximately SEK 50 million (US$4.9 million) for a 10% stake in the UK-based second-life battery energy storage specialist Connected Energy. —Joachim Rosenberg, President Volvo Energy.

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