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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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Electrify America unveils its first application of megawatt-level energy storage

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Electrify America recently unveiled its first application of a megawatt-level battery energy storage system (BESS) for electric vehicle (EV) charging stations, building upon the company’s existing BESS installations at more than 150 stations across the US, including more than 100 installations in California.

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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. Rimac Energy will produce its pilot systems for selected customers this year with commissioning in 2024. Insights into the technology will be revealed later this year.

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What is energy storage?

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Growing demand for renewable energy, an aging electrical grid, costly grid infrastructure improvements, and increasing extreme weather events will require increased energy flexibility to help the grid balance intermittent supply with responsive demand. In addition, these systems offer a wide range of benefits to energy users.

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Lux predicts energy storage market will hit $546B by 2035

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The total energy storage market is expected to grow to $546 billion in annual revenue by 2035, according to a report released by Lux Research. Mobility applications remain the long-term growth and demand driver for energy storage through 2035, with personal mobility devices expected to increase to $43.7

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LiNa Energy successfully demonstrates Na-ion technology for battery energy storage systems

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Solid-state sodium-ion battery company LiNa Energy ( earlier post ) successfully completed an independent demonstration of its lithium-free sodium batteries for energy storage systems with commercial partner ion Ventures.

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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.