Distributed Storage

The European Commission has approved state aid for the so-called European Battery Alliance to promote the development of a lithium-ion battery supply chain in the European Union.

Solaredge wants to enable households have a higher solar self-consumption with its new product. The Israeli PV company’s solution can now be ordered in Germany, Austria, and Switzerland.

The European Commission has approved use of funds given by seven member states to back Europe-wide R&D projects across the lithium-ion battery value chain, with the aim of potentially unlocking an additional €5 billion in private sector investment.

The state-owned Rural Areas Electricity Company wants to build 11 solar-diesel-storage projects in isolated rural areas. Pre-qualified bidders in the tender include Engie, Canadian Solar, Akuo, Longi, Jinko, GCL, Abengoa, Total and Belectric.

The good news is that the world’s largest fund manager, BlackRock, just closed $1 billion of a record $2.5 billion fund dedicated to solar, wind, and energy storage projects. The bad news is that the $2.5 billion fund is a tiny fraction of BlackRock’s $6.96 trillion balance sheet and small change compared to BlackRock’s $17.5 billion investment in coal.

A global study has found that Australia lacks interest in electric vehicles, due largely to the impedimental admixture of cost, range anxiety, and a lack of charging options.

The Chinese manufacturer has also announced plans for a tenfold production capacity increase, as it wants to cater to all project sizes with two versions of its high-voltage storage system.

In what has been a crazy year for Nevada, the Public Utilities Commission is ending on an equally insane note by proposing 1 GW of energy storage to be deployed across the state by the last day of 2030.

A presidential decree has enacted a range of incentives for e-mobility roll-out with domestic content requirements increasing over time.

With almost a decade having passed since electric vehicles hit public roads, the price of battery packs has dropped 87% since 2010, according to a report by Bloomberg New Energy Finance. With rising efficiency and evolving supply chains, the market research group suggests cumulative demand will bring prices down to parity with internal combustion engine vehicles by 2024.