Chinese shipments of lithium-ion batteries could jump by 40% year on year in 2017, but demand from the country’s burgeoning electric-vehicle market continues to overshadow the deployment of stationary energy storage systems (ESS), according to a recent report.
Wärtsilä, one of the largest global supplier of flexible and efficient energy solutions, has announced that it will provide technically and environmentally advanced energy storage solutions to the power markets in India.
A presentation by the National Grid, owner and operator of Britain’s transmission grid, at last week’s UK Solar and Storage show in Birmingham shed light on the potential impact of a widespread EV roll-out to the country’s electricity demand.
The International Renewable Energy Agency calculates that storage capacity could triple by 2030 if current renewable energy capacity doubles, with battery prices potentially driven down by 66% from current levels.
As part of the government’s £246 million drive to augment its battery and energy storage knowledge and network, the new Faraday Institution will deliver steady funding to some of the country’s leading universities to support their storage research.
Until 2017, most residential battery storage systems were installed off-grid – but GTM Research says 2017 is the year that changes – and changes dramatically.