Energy Storage

European scientists are designing a new type of redox flow storage system aimed at flexibly balancing power grids in the event of critical conditions. Funded by the EU, the research project is being coordinated by the Landshut University of Applied Sciences and runs until 2023.

The Western Australian government has called for expressions of interest for its proposed 1.5 GW solar-wind-hydrogen hub at the Okajee Strategic Industrial Area. This week, it said that 65 companies from around the world are interested.

The news comes on the day a private equity investor in the English North East announced plans to jointly develop a 1.4 GWp solar portfolio with Canadian Solar.

Standalone solar-powered refrigerators present a $20 billion opportunity in India for vaccine storage, milk chillers, households, micro enterprises, and cold storage for farm produce, according to a new report by Gogla.

Australian researchers have analyzed different ways to improve the efficiency of PV-powered water electrolysis for hydrogen generation. They include the use of magnetic fields, light energy, ultrasonic fields, and pulsating electric fields. Energy costs remain prohibitive, but molecular movement and the redistribution of molecules in water during electrolysis could open a path to viability.

Falling module prices will help PV post another record year after an estimated 132 GW was installed worldwide in 2020, according to an energy transition investment trends report published by Bloomberg New Energy Finance.

Batteries based on vanadium or zinc bromide represent the cutting edge of redox flow storage tech, an international research team has claimed. They have identified challenges and opportunities for about a dozen redox flow storage technologies, while providing estimates of their current and projected levelized costs of storage.

A new Wood Mackenzie report suggests that costs for front-of-the-meter battery storage systems in the Asia-Pacific region could fall by 30% by 2025. The declining costs are already having a palpable impact, as 2021 has opened with a slew of large-scale battery project announcements.

The private-sector arm of the World Bank, which claims to leverage $3 of its own capital and $8 from third parties for every dollar invested in its blended finance funds, has attempted to quantify what devoting Covid recovery funds to green investment would mean for emerging economies.

Last year was the time for mega-solar projects to strike record low prices – $0.0135/kWh in Abu Dhabi for the unimaginably vast 2 GW Al Dhafra project. Not to be left behind, some Australian project developers are pursuing equally grand plans, with clean-tech guru Michael Liebreich saying that their likelihood for success will lie in what the proponents plan to do with the vast amount of clean, cheap energy.