The New Development Bank will give Eskom a R6-billion loan to build a massive battery storage system. The bank made the announcement as part of a release on three projects it was funding: one each in South Africa, Brazil, and Russia. “The project is primarily aimed at meeting peak electricity demand, increasingly through renewable energy, and […]
Energy Storage
Unexpected bump on the EV road hits battery metals
Two years ago the spot lithium price in China was $26 per kilogram. Today it is assessed by Fastmarkets at below $8. Cobalt, a key input for lithium-ion battery chemistry, has experienced a similar boom and bust cycle. LONDON: It’s been a tough year for electric vehicle (EV) metal bulls. The previous speculative heat surrounding […]
What a Year! 10 Stories That Propelled Energy Storage in 2019
More batteries installed. More markets opening up. And grid storage making itself indispensable in unanticipated ways. For too long, the rhetoric around what storage can do for the grid vastly outweighed the actual doing. This year, the industry closed that gap more than ever before. Exceedingly few batteries actually live up to the vision of […]
Fekola to install 17MW/15MWh energy storage system
Technology group Wärtsilä will optimise the energy system at Fekola Mine, located in a remote region in southwest Mali. This is needed to improve the mine’s operations, reduce fuel consumption, and lessen the carbon emissions. Wärtsilä has been contracted to design and engineer a cutting-edge 17MW/15MWh energy storage system based on the company’s GEMS energy […]
One More Time, With Feeling: GE’s Latest Approach to Energy Storage
After a long evolution, GE now sees integrating batteries with renewables or gas turbines as its best place to add value. Century-old electric technology company GE kicked off 2019 with yet another reorg. The workhorse Power division was split up, to start. Though still a top supplier of the world’s natural-gas turbines, the division had […]
Australia’s Prospect Resources in talks to sell stake, lithium supply to Russia’s Rosatom
Australian lithium developer Prospect Resources Ltd (PSC.AX) said on Thursday it has signed a memorandum of understanding with a unit of Russia’s Rosatom that could see the latter buy a stake in Prospect as well as supplies of the sought-after metal. The discussions are with Uranium One, a wholly owned subsidiary of the Russian state […]
BPE-Lenovo Strategic Partnership Wins Multi Crore Computer & UPS Order From APTS for Gram Panchayat Project, Andhra Pradesh
India: Best Power Equipment (India) Private Limited, an end-to-end strategic power solutions company 600VA to 4800KVA, modular, and Smart Rack solutions and Lenevo, a multinational technology company, have grabbed their largest order of 14,944 Online UPS along with 29888 computers, from Andhra Pradesh Technology Services Limited (APTS), for Andhra Gram Panchayat Project. Overall, APTS on […]
OutBack Power™ Gives Up To 24 Percent Discount on Lithium-ion Battery Storage Systems to California Residents to Address Wildfire Blackouts
As preemptive power outages usher in a new normal for California, consumers can save on three packaged solutions for backup power until March 31, 2020 ARLINGTON, Wash.: As California expects wildfire prevention policies to prompt utilities to preemptively shut down grid power for days and weeks at a time in the coming years, OutBack Power […]
Showcasing Innovative Battery Technology for Electric Vehicles at the EV Charging Infrastructure and Technology Expo by MarketsandMarkets™
MAASTRICHT, Netherlands: When it comes to Electric Vehicles, the battery industry is developing innovative solutions faster than ever. This is due to the adoption of advanced battery technologies for electric and hybrid transport applications. Batteries are a key enabler for electric transportation. According to researchers, advanced battery technologies could give electric vehicles more than 200 miles […]
New LG Gram Lineup Proves That Portability, Performance And Battery Life Can Coexist
2020 Portable Computing Solutions from LG Designed with Every User in Mind ENGLEWOOD CLIFFS, N.J.: LG Electronics’ newest gram laptop computer series – the LG gram 17 (model 17Z90N), LG gram 15 (model 15Z90N), LG gram 14 (model 14Z90N) and 14-inch LG gram 2-in-1 (model 14T90N) – is designed to set a new standard for portable […]