LAS VEGAS : NV Energy continues to work toward its long-term goal of serving its customers with 100 percent renewable energy, announcing today the addition of nearly 1,200 megawatts of new solar photovoltaic generation to be built in the state, along with 590 megawatts of battery storage. The renewable energy will come in the form […]
World Bank to Help China Develop Renewable Energy with Battery Storage
WASHINGTON: The World Bank’s Board of Executive Directors have approved a US$300 million loan for the China Renewable Energy and Battery Storage Promotion Project to increase the integration and utilization of renewable energy by deploying battery storage systems at scale. Despite having the largest installed electricity generation capacity of wind and solar power, China is […]
World Bank approves China loan for US$750m energy storage accelerator programme
After approving investment for the acceleration of energy storage deployment in developing countries to the tune of US$1 billion a few months ago, the World Bank has now approved a US$300 million loan to do the same in China. China is the world’s most prolific installer of renewable energy and by the end of 2018 […]
Remote Alaskan Microgrid Will Use Battery Storage for Seasonal Salmon Surges
The Saft system will cut down on expensive diesel consumption and allow better utilization of local hydropower. Energy storage has been used to serve multifarious grid needs, but salmon-induced demand mitigation may be a new one. The remote town of Cordova, Alaska, located on the coast between Anchorage and Juneau, inaugurated its first utility-scale lithium-ion […]
Audi sets up 1.9 MWh battery storage in Berlin
Audi has opened a stationary energy storage facility with a capacity of 1.9 MWh on the EUREF campus in Berlin. The lithium-ion batteries in second use come from development e-tron vehicles and tests various interaction scenarios between electric cars and the energy grid. Audi has brought several partners on board, including The Mobility House. The […]
US to become world’s largest market for grid-connected energy storage
New research suggests solar combined with battery storage as well as peaking capacity requirements are driving increased procurement The US is projected to take over South Korea as the world’s largest market for grid-connected energy storage this year. That’s according to new research, which suggests solar combined with battery storage as well as peaking capacity […]
Four Things You Should Know About Battery Storage
World Bank Group This story is part of a series that will run ahead of the third edition of the Innovate4Climate (I4C): the preeminent global event on climate finance, climate investment and climate markets. I4C will take place in Singapore from 4-7 June 2019. It brings together business, finance, policy and technology leaders to accelerate […]
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 […]
Mercom: Utilities, oil and gas majors pump investment into battery storage
UK battery project developer Zenobe Energy was the biggest recipient of corporate and venture capital (VC) funding in the energy storage sector in the first quarter of 2019, according to Mercom Capital. Mercom issues quarterly reports on M&A and other funding activity in the battery storage, smart grid and energy efficiency sectors. The company’s report […]
Researchers charge ahead on battery storage
The Future Battery Industries CRC will involve 58 industry, government and research partners, and has the backing of a $25 million grant from the Federal Government and more than $110 million in support from the research centre’s partners. The CRC, which will help tackle industry-identified gaps in the battery industries value chain, will focus on three research programs: […]