Energy Storage

Circular Energy Storage, a London-based research and consulting group, reports a strong business case for reconstituted electric vehicle batteries for energy storage applications. As the EV and static storage system markets grow rapidly, synergies could be a useful tool for continued cost optimization.

The International Energy Agency’s latest study of global energy investment paints another rosy picture for solar – even as the authors warn of missed sustainable growth targets – but the report covers last year, and notes China’s policy about-turn could blow a cold wind through PV.

While total corporate funding was down in H1 2018, compared to a year earlier, due to lower investment in the Smart Gird and Efficiency categories, battery storage companies recorded an increase of 12%.

The storage system supplier is providing its technology to the Isles of Scilly as part of an ERDF-funded project to meet the remote islands’ energy demands more cheaply and cleanly. Until now islanders used fossil fuels and electricity from mainland Britain at high tariffs, prompting energy poverty for many.

Biggest shareholder has acquired – and postponed payment of – a chunk of debt due last month and agreed a further debt-to-equity transfer. The Swiss company today stated further measures will be required to shore up its balance sheet.

The virtual power plant (VPP) solutions provider connected its product with a 2 MW storage system in Belgium. It will be the country’s first storage system to take part in the grid’s frequency control reserve.

Outlining energy pathways for the next 30 years and beyond, the U.K.’s National Grid has released four different scenarios, considering growing electricity demand and a significant increase in energy infrastructure from new renewable generation and EV charging networks. Only two of them meet the U.K.’s 2050 carbon reduction target on the back of a large growth of renewables and energy storage, and almost completely decarbonized transport.

EnergyTrend recognizes recent tariffs developments will hit the electric vehicle (EV) industry. Despite this, environmental regulations, as well as costs and technological advancement, will prevail and continue to drive EV sales globally.

The cell uses a novel approach that increases its conversion efficiency and longevity at the same time. Researchers claim it is a new world record for this type of application and highlight its importance in storing renewable energy in hydrogen to compensate for output and demand fluctuations.

InnoEnergy has launched its energy management platforms with local partners in Sweden. The platform would help integrate renewable energy resources through battery storage management algorithms. An expansion into other markets is planned already.