UK government preps new mechanism for long-duration electricity storage
Downing Street is inviting stakeholder feedback into a “cap and floor mechanism” of long duration electricity storage (LDES) systems, and the move has been “warmly welcomed” by one of the country’s renewable groups, the Association for Renewable Energy and Clean Technology (REA). The organization says the consultation signals the government’s intention for implementation.
JSW Energy to set up 1 GW pumped storage project in India
JSW Energy says it will expand its renewables footprint in the Indian state of Tamil Nadu with an investment of $1.44 billion, including 1 GW of pumped storage and 1 GW of wind power.
EU approves billions for German battery factory, French renewables industry
Northvolt is set to secure €902 million ($986 million) of state aid to build a battery gigafactory in northern Germany, while France has been allocated €2.9 billion to ramp up production of batteries, solar panels, wind turbines and heat pumps, according to a European Commission announcement.
Australian researchers reveal ‘scalable’ aqueous rechargeable zinc batteries
Researchers from the University of New South Wales (UNSW) claim to have developed a technology that overcomes the recharging capabilities associated with aqueous zinc battery technology, potentially redefining energy storage for homes and grids.
SAX Power unveils all-in-one battery inverter for home use
German manufacturer SAX Power says the capacity of its new all-in-one battery inverter solution ranges from 5.76 kWh to 17.28 kWh. It is suitable for new PV systems, as well as retrofit projects.
Tesla releases API for solar, Powerwall systems, EV chargers
Tesla has released an application programming interface (API) to enable third-party developers to interact with its home energy products.
German startup Suena secures cash for its battery energy trading technolgy business
The Hamburg-based battery energy trading software and services company has raised €3 million ($3.27 million) seed funding to expand its software-driven trading services across Europe. The capital will be used to introduce its software, dubbed Autopilot, and its trading services to new European markets.
Energy storage provider Bluetti enters rooftop solar market
Expanding beyond portable and grid-tied batteries, Bluetti has launched its solar installation business in the United States.
EV battery prices fell by 50% at end of 2023, says TrendForce
Average sales prices of Chinese power cells at the end of 2023 were half of what they were at the start of the year, according to TrendForce. Despite the drop, the research firm says prices should stabilize in the second half of 2024.
US battery storage demand to surge within this decade, says SEIA
US demand for battery energy storage systems will grow sixfold by 2030, according to a recent report by the Solar Energy Industries Association (SEIA), but only with serious investment, coordination with experienced manufacturers, and collaboration with allies.
