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Global energy storage market to grow over 5-fold to $100 bn by 2025- WoodMac

The energy storage market is anything but predictable. As it continues to mature, more credible pipelines are developing. China, Australia, and the US all have grand ambitions to deploy gigawatts’ worth of energy storage each year out to 2025 New Delhi: The global energy storage market is set to grow 13-fold to 230 GW by […]

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WoodMac: Distributed Storage Outlook Shrinks for 2020 Due to Coronavirus

March 28, 2020 Anand Gupta

Industry concerns have shifted from supply chain risk to executing projects and bringing in new business. Residential and commercial energy storage installations are taking a hit as the U.S. tackles the coronavirus pandemic. The behind-the-meter storage segment will install 31 percent less capacity in 2020 than previously forecast, according to a new analysis by research […]

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Avalon and RedT Finally Ready to Merge in Rare Flow Battery Confluence

March 20, 2020 Anand Gupta

Consolidation could be just what the fledgling flow battery industry needs. Two flow battery companies are about to complete a months-long effort to combine forces. It’s a rare instance of elective M&A in this challenging sector of the energy storage industry, where acquisitions often happen after a bankruptcy or insolvency. North America’s Avalon Battery will […]

Energy Storage

Lux Predicts Energy Storage Market Will Hit $500 Billion by 2035

February 26, 2020 Anand Gupta

The total energy storage market is expected to grow to $546 billion in annual revenue by 2035, according to a report released by Lux Research. The report, “Global Energy Storage Market 2019,” estimates that the three main drivers of energy storage – mobility applications, electronic devices, and stationary storage – will reach an annual combined […]

Energy Storage

Canada’s e-Zn Raises Millions to Commercialize Long-Duration Zinc Energy Storage

January 17, 2020 Anand Gupta

Startup bets on cheap and abundant zinc — and the emergence of a market for long-duration storage. Canadian startup e-Zn has raised money to store clean energy far longer than currently available batteries allow, using cheap and abundant zinc. On Wednesday, the company received CAD $2 million ($1.5 million) in non-dilutive grant funding from Sustainable […]

Americas

U.S. Department of Energy Launches Energy Storage Grand Challenge

January 11, 2020 Anand Gupta

WASHINGTON D.C. : Today, U.S. Energy Secretary Dan Brouillette announced the launch of the Energy Storage Grand Challenge, a comprehensive program to accelerate the development, commercialization, and utilization of next-generation energy storage technologies and sustain American global leadership in energy storage. The Grand Challenge builds on the $158 million Advanced Energy Storage Initiative announced in […]

Energy Storage

First Large Battery in Republic of Ireland Targets Super-Fast Grid Services

January 9, 2020 Anand Gupta

The Fluence-supplied battery system will make money via a new product that rewards high-speed frequency response. The Republic of Ireland recently received its first grid-scale battery, which will help manage volatility as the island nation ramps up renewable power plants. Developer Statkraft and battery supplier Fluence announced Wednesday that the battery had been installed in […]

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IIT Delhi researchers develop small, medium scale energy storage device

January 2, 2020 Anand Gupta

New Delhi: Researchers at the Indian Institute of Technology (IIT) here have produced a small and medium scale energy storage device. According to the team at IIT Delhi, various energy storage options are available currently with associated advantages and disadvantages depending upon geographical location and need. ‘One of the storage options that is currently showing […]

Americas

3 Predictions for US Renewables and Storage Markets in 2025

December 31, 2019 Anand Gupta

It’s easy to lose sight of the extraordinary progress being made with renewables and energy storage, the author writes. With increasing climate change impacts and decades of power infrastructure neglect, we can lose sight of the extraordinary progress we are making with renewables and energy storage to build a clean energy future, healthier planet and more efficient […]

Energy Storage

What a Year! 10 Stories That Propelled Energy Storage in 2019

December 18, 2019 Anand Gupta

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 […]