Johnson Controls Power Solutions has sold off its automotive battery business to Brookfield Business Partners for $13.2 billion. That includes its more than 16,000 employees across 56 locations around the world. Brookfield Business Partners is rebranding the business unit as Clarios. Today, the newly rebranded Clarios produces more than one third of the 12V batteries […]
Energy Storage
Thermal Energy Storage Market Share will Grow USD 6.50 billion by 2024
New York: The Thermal energy storage market is expected to exceed more than USD 6.50 billion by 2024, at a CAGR of 11% from 2018 to 2024. The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include […]
Energy Storage Systems Market Share will Grow US$ 1 Billion By 2025
New York, May 07, 2019: The global Energy Storage Systems Market is expected to exceed more than US$ 1 Billion by 2025 in the given forecast period. The key roles played by energy storage systems in power grids include time shifting to manage peak loads, providing power quality by aiding in frequency regulation, mitigating power congestion […]
Europe’s first gigafactory for battery storage systems
Wittenberg/Germany: Europe’s first gigafactory for battery storage systems is being put into operation in Lutherstadt Wittenberg, Germany. Tesvolt, a manufacturer of energy storage systems for industry and commerce, is working to establish new production facilities for lithium storage systems with an annual production capacity of over one gigawatt hour (GWh). Innovations in the production process […]
Storage, the energy transition’s flexible friend
Storage’s emerging role in balancing intermittent renewables Is storage the Holy Grail of the energy transition? Maybe. Certainly, a critical missing link in the quest for decarbonisation. If intermittent solar and wind generation can be complemented by competitively priced storage, the power sector can rid itself of its dependency on fossil fuels. Investors, among them […]
Explosion of U.S. Lithium Battery Plant Reignites Safety Issue
Explosion at a lithium-battery energy storage plant in the U.S. the other day, the first such accident ever, has refueled concern over the safety of lithium battery,. which is critical for its future development. The accident broke out at a 2 MW lithium-battery energy storage system in Surprise City of Arizona State, causing injuries of […]
Global Liquid Air Energy Storage Systems Market: Development History, Current Analysis and Estimated Forecast to 2025
A liquid air energy storage system is a system, which converts the surrounding air into liquid air and stores it. Use of liquid air energy storage as a sustainable and clean energy storage technology is one of the major factor that contributes towards the growth of global liquid air energy storage market during the forecast […]
India must de-risk solar power sector: Ajay Mathur, DG, TERI
TERI Director General Ajay Mathur shares a perspective on India’s achievements in the energy and environment space and the institute’s own work. India has made phenomenal progress on its renewable energy agenda but needs to take urgent measures to mitigate perceived risks by investors on multiple fronts, believes Ajay Mathur, Director General of The Energy and Resources […]
Coal mining museum powered by solar PV and battery storage
In a powerful demonstration of Australia’s energy transition, the Victorian State Coal Mine, a tourist attraction in the coastal town of Wonthaggi, is now powered by a solar and battery storage system. A black coal mine in Wonthaggi, which today operates as a state park and tourist attraction, will from now on be powered by […]
Energy Storage Start-up, LivGuard, Raises $32 Million
Founded in 2014, LivGuard is a one-of-its-kind energy storage space in India Founded in 2014, LivGuard is a one-of-its-kind energy storage space in India. Today, it boasts off an impressive product portfolio including inverters/inverter batteries, automotive batteries, stabilizers and solar batteries. LivGuard was founded by Rakesh Malhotra and Navneet Kapoor. Recently, LivGuard raised $32 million […]