Batteries

A session at BNEF’s Future of Energy Summit explored how renewables paired with energy storage are successfully competing with new gas plants.

Inaugural global energy storage report by GTM Research finds that Australia’s behind-the-meter storage market tripled in 2017, while the U.S. remains the world’s leading market with an installed energy capacity of 431 MWh. China poised to rise to second place globally in 2019.

The Asian companies will form a joint venture in India to execute the plan. The project’s total investment is expected to be around US$930 million, which will be used for the production of solar PV ingots, wafers, cells, modules and batteries.

The Chinese technology firm, which has become a leading player in China’s electric vehicle industry, has warned that subsidy cuts for new-energy vehicles could further drag down its profits. Solar and stationary battery business performing well, however.

‘Unprecedented challenge’ for fossil fuels as low LCOE for solar and wind power, allied to tumbling storage costs, sees renewables claim larger share of bulk and dispatchable generation while adding vital flexibility to global energy mix.

If you were unable to make it to Düsseldorf for the recent Energy Storage Europe exhibition and conference, fear not: this 12-minute video tour brings you all you need to know about the latest tech, service and product developments in the European storage space.

Panel discussion at Energy Storage Europe tackled the issue of whether the best way for keeping the lights on as economies around the world grow is to extend the grid network or add energy storage, and found that the best solution lies somewhere in between.

The keynote session of the Energy Storage Europe conference in Düsseldorf, Germany, delivered a series of presentations on the role flexible sector coupling can play in expediting the adoption of storage technologies and renewable energy, in Germany and worldwide.

It is a truth universally acknowledged that billions of people around the world live in poverty. But does it have to be that way? Today’s technological progress means that tomorrow we will be able to produce more, more efficiently – lifting people above the breadline with accelerated economic growth all around the world. Key to these efforts are smart buildings, argues Hussain Kazmi, a PhD student at KU Leuven and Enervalis.

Despite a lackluster Q4, GTM Research predicts that the U.S. energy storage market is going to boom in 2018, driven by both policy support and falling prices.