Bulgaria’s battery storage market gears up
Bulgaria has installed between 40 MWh and 50 MWh battery energy storage capacity to date. However, a new national legislation as well as funds provided through the European Union’s Recovery and Resilience Facility could see the country install another 1 GWh over the next two years.
German firm hits energy independence with solar, batteries, hydrogen
Esysteme21 has built a 100% self-sufficient energy system with photovoltaics, hydrogen and battery storage. The German solar company describes the concept as a solution for medium-sized enterprises.
Anker launches new all-in-one home storage solution
Anker has developed a new all-in-one home storage solution with up to 30 kWh of capacity, available in single-phase and three-phase configurations.
Hungarian startup offers PCM-based thermal battery with energy density of 30 kWh/m3
Hungary-based Heatventors is offering its new thermal energy storage system with capacities of 10 kWh, 30 kWh, and 60 kWh. The thermal battery is combinable with solar PV and has an expected service life of over 10,000 cycles.
Navien unveils residential air-source heat pump
The South Korean heating specialist said its new heat pump can achieve a seasonal coefficient of performance of up to 4.87 and flow temperatures of up to 75 C.
India’s battery storage capacity hits 219.1 MWh
India’s installed battery storage capacity reached 219.1 MWh at the end of March 2024. A recent Mercom report predicts that the nation will add 1.6 GWh of standalone battery storage and 9.7 GW of renewable projects with storage by 2027.
World’s first anode-free sodium solid-state battery
Researchers in the U.S. have created a new sodium battery architecture with stable cycling for several hundred cycles, which could serve as a future direction to enable low-cost, high-energy-density and fast-charging batteries.
Engie breaks ground on 800 MWh battery in Belgium
Once completed, the four-hour battery energy storage project will operate under a 15-year contract with Elia, Belgium’s electricity grid operator, and be located next to Engie’s gas power plant in Vilvoorde.
Global energy storage fleet to surpass 1 TW/3 TWh by 2033, WoodMac says
According to the latest forecast from Wood Mackenzie, the global energy storage market (excluding pumped hydro) is on track to reach 159 GW/358 GWh by the of 2024 and grow by more than 600% by 2033, with nearly 1 TW of new capacity expected to come online.
WoodMac predicts 3.8 TW of new solar by 2033
Wood Mackenzie says that solar will account for 59% of new renewables between 2024 and 2033. China is expected to drive the growth, accounting for half of new solar deployment over the projected time period.
