The global battery energy storage market is forecast to grow to $13.13bn by 2023. Asia-Pacific (APAC) and EMEA will be the dominant markets for battery energy storage systems over the forecast period 2019-2023, according to GlobalData, a leading data and analytics company. The company’s latest report ‘Battery Energy Storage Market, Update 2019 – Global Market Size, […]
Energy Storage
SCE to add 195 MW of energy storage, DR by 2021
Dive Brief: Southern California Edison (SCE) on Friday announced that it signed seven contracts for 195 MW of energy storage and demand response resources to meet local capacity requirements in its Santa Clara sub-area. The selected resources — one demand response and six energy storage projects following two SCE solicitations — are expected to go online before the […]
Energy Storage Changes the Power Profile
The power grid is a pretty complex system. Electricity is generally produced on an as-needed basis. Generators ramp up and down based on demand. However, energy storage systems are beginning to change how demands are being met. Hydro Is Storage Energy storage isn’t a new concept. In fact, pumped-storage hydro systems have been around since […]
This IIT-Hyderabad Incubated Startup Wants To Deploy 10,000 Electric Vehicles In India By 2020
Another electric vehicle startup has popped up in the Indian automotive industry amidst the ongoing EV revolution. Called PuREnergy, the new EV firm comes from the country’s top educational institution’s incubator, i.e. that of Indian Institute of Technology Hyderabad. The company has announced its arrival with the launch of four new electric two-wheeler models. Named […]
ALYI Issues Electric Vehicle And Energy Storage Merger And Acquisition Update
DALLAS: Alternet Systems, Inc. (USOTC: ALYI) (“ALYI”) today released a merger and acquisition update. The company has implemented an M&A strategy to expand its electric vehicle (EV) production capacity and advance its technology innovation. The update includes information on a pending letter of intent to acquire a strategic technology and a second acquisition in the […]
Ingeteam’s hybrid solar-plus-storage inverter now compatible with BYD’s HV batteries
Ingeteam and BYD have tested and certified at their respective R&D laboratories the compatibility of BYD’s high voltage Battery-Box H 5.1 and 6.4, and Ingeteam’s INGECON® SUN STORAGE 1Play hybrid solar-plus-storage inverter. The coupling of Ingeteam’s inverter and BYD’s batteries is a complete hybrid system to capture and maximize the use of the solar resource. […]
Environmental, Conservation and Clean Energy Coalition Urges Congress to Enact Energy Storage Investment Tax Credit
Washington, D.C.: Continuing a steady drumbeat in support of an energy storage investment tax credit (ITC), nine organizations spanning the environmental, conservation and clean energy communities today sent a letter to the House Ways and Means and Senate Finance Committees urging enactment of an energy storage investment tax credit (ITC) as part of any “extenders package” considered this […]
Positive Results From HMN Lithium Project P.E.A.
VANCOUVER, British Columbia: Highlights The entire lithium recovery process block-diagram from extraction to packaging is illustrated below: (PRNewsfoto/NRG Metals Inc.) Table 1. Hombre Muerto North Lithium Brine Resource Statement (PRNewsfoto/NRG Metals Inc.) US$217 million (Cdn$290 million) after-tax Net Present Value at 8% discount rate and Internal Rate of Return of 28.0%; PEA based on a production […]
New York’s Energy Storage Incentive Could Spur Deployment of 1.8GWh
The Empire State has charted a path that would transform it into a top-tier global storage market by 2025. Energy storage companies now can apply for $280 million in incentives allocated by New York’s state government. Gov. Andrew Cuomo made energy storage a key pillar of his strategy to secure 100 percent carbon-free electricity by […]
Acquisition Activity In Indian Renewable Energy Market Heats Up
Leading renewable energy generation companies are aggressively looking to expand their portfolios through inorganic means as minor players look to exit power plants in the face of increasing competition and unviable growth prospects. According to different media reports, renewable energy generators Mahindra Susten and government-owned power trading company PTC India are looking to sell their […]