The global Battery Energy Storage System market size is expected to reach USD 31.51 billion by 2030 and exhibit a CAGR of 27.9% in the forecast period (2023−2030), according to Skyquest’s latest research report. The increasing renewable energy integration, growing demand for grid stability and reliability, declining costs of battery storage systems, supportive government policies […]
Energy Storage
Storage the next energy revolution – EQ Mag
If you grew up in India in the 1980’s and 1990’s, you would most likely remember the banks of large lead-acid batteries in many homes. India’s younger demographic might not be aware, but ‘load-shedding’ was a real thing, as the country could not generate enough power and inverters which transmitted the stored power into the […]
Thermal Energy Storage Is No Longer Just Hot Air – EQ Mag
Compressed air and hot sand are poised to reshape the grid-scale battery landscape Next year, the town of Colchester, England, will transplant four roughly 6-meter shipping containers onto the site of a new mixed-use development. The shipping containers, which house a Frankenstein-like assortment of machine parts—motors repurposed from Volvo truck engines, giant tanks of compressed […]
Chinese Energy Storage, Battery Firms Plan $1bn Vietnam Plants – EQ Mag
Two Chinese manufacturers of energy storage systems and batteries are eyeing collective investments worth more than a billion dollars in Vietnam, sources said, amid a growing push by firms from the mainland to expand their presence in their Southeast Asian neighbour. Vietnam, a global export hub, has been attracting global investments thanks to its array […]
Exponential rise to $1.8B in energy storage technology investment true long-duration storage now closer to market reality, says Cleantech Group – EQ Mag
Over 10 developers of energy storage technologies are poised for commercialization as early as 2025, as technological innovation and business models converge on the “sweet spot” of 10-12 hours of storage, according to a study by the Cleantech Group. The imminent advance is the result of steady investment in energy storage over the past decade, […]
India to offer $455 mln in incentives for battery storage projects – EQ Mag
The scheme is intended to boost battery storage projects critical to India’s ambitious plan to expand its renewable energy capacity to 500 gigawatts (GW) by 2030 and cut the cost of battery energy storage from the current 5.5-6.5 rupees per unit. India will offer 37.6 billion rupees ($455.2 million) in incentives to companies setting up […]
Approximately 5 GW of pumped hydro energy storage is expected in the next five years: Crisil Ratings – EQ Mag
According to credit rating agency Crisil, in the next five fiscal years, pumped hydro energy storage (PHES) projects would add around 5 GW of capacity as a result of the Ministry of Power’s (MoP) latest guidelines. The guidelines call for the rental of land at discounted rates on a yearly basis. They also permit the […]
Long-Duration Energy Storage is Key to Cleaning up the Power Grid – EQ Mag
When reading about energy storage you may come across terms like long-term storage, seasonal storage, diurnal storage, or long-duration storage. Long-term storage can include seasonal energy storage, which can shift delivery of power to a different time of year. Diurnal storage can shift power delivery over a few days. And, long-duration storage is particularly important […]
The New Iron Age: The Potential of Affordable, Safe, and Clean Energy Storage – EQ Mag
The United States is accelerating into the sustainable energy transition, aided by the landmark Inflation Reduction Act (P.L. 117-169) (IRA) and the Infrastructure Investment and Jobs Act (P.L. 117-58) (IIJA), which provide billions of dollars in funding for renewable and clean energy development, as well as tax credits and incentives that prioritize environmental and equity-focused […]
Salgenx Reveals the Future of Energy Storage with a Grid-Scale Multifunctional Industrial Powerhouse – EQ Mag
MADISON, Wis. : Salgenx, a leading innovator in energy storage technology, has unleashed its latest breakthrough in the field of grid-scale energy storage. The company has introduced a revolutionary multifunctional industrial powerhouse that is set to redefine the way we store and utilize energy. With the growing demand for sustainable and efficient energy solutions, Salgenx […]