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BNEF ups forecast for global investment in stationary energy storage, sees majority of capacity likely to be grid-scale

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Global cumulative energy storage installations. The report goes on to model the impact of this on a global electricity system increasingly penetrated by low-cost wind and solar. This is a new era of dispatchable renewables, based on new contract structures between developer and grid. Source: BloombergNEF.

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GlobalData: Global battery energy storage market to grow by 7% to reach $13.13B by 2023

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The global battery energy storage market will to grow to $13.13 billion in 2023, as countries are increasing investments for improving their grid infrastructure and improving the market structure to attract foreign investments. —Bhavana Sri, Power Analyst for GlobalData.

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BNEF: energy storage is a $1.2-trillion investment opportunity to 2040

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The global energy storage market will grow to a cumulative 942GW/2,857GWh by 2040, attracting $1.2 We see energy storage growing to a point where it is equivalent to 7% of the total installed power capacity globally in 2040. Global cumulative storage deployments. —Logan Goldie-Scot, head of energy storage at BNEF.

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bp to enter German offshore wind market with 4GW auction win

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bp will lead the development, construction and operations of these fixed-bottom offshore wind projects, with grid connection targeted by end 2030. bp’s global offshore wind pipeline now totals up to 9.2GW net to bp.

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Inside the Global Race to Tap Potent Offshore Wind

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The prototype at the FloWave facility —one of 10 new floating wind-power designs being tested here—is progressing fast, says Tom Davey , who oversees testing. There’s good reason for this hustle: The United Kingdom wants to add 34 gigawatts of offshore wind power by 2030, en route to decarbonizing its grid by 2035.

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IEA finds CO2 emissions flat for third straight year even as global economy grew in 2016

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Global energy-related carbon dioxide emissions were flat for a third straight year in 2016 even as the global economy grew, according to the International Energy Agency. Global emissions from the energy sector stood at 32.1 Five new nuclear reactors were connected to the grid in China, increasing its nuclear generation by 25%.

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This Dutch City Is Road-Testing Vehicle-to-Grid Tech

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Unlike those you may have grown accustomed to seeing, many of these stations don’t just charge electric cars—they can also send power from vehicle batteries to the local utility grid for use by homes and businesses. Debates over the feasibility and value of such vehicle-to-grid technology go back decades. Kempton and Letendre’s.

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