Greece-based battery manufacturer Sunlight Group has received €275 million (US$290 million) in loan financing to expand production and research. The firm has received the funding in the form of seven-year loans issued by a collection of Greek banks, and goes towards funding Sunlight’s five-year business plan which requires €560 million in total. €125 million is […]
New York grid operator says wholesale market will drive investment in energy storage – EQ Mag Pro
There could be nearly 13GW of energy storage on the grid in New York by the middle of this Century, providing an “exceptional tool” to help balance renewable energy generation, the CEO of the state’s network operator has said. The New York Independent System Operator (NYISO) earlier this month issued its annual Power Trends report, […]
Europe needs 14GW/year of energy storage – EASE – EQ Mag Pro
The European Association for Storage of Energy (EASE) assesses Europe’s storage needs around 200GW by 2030 and 600GW by 2050. With the current installed storage capacity at approximately 60MW and a historic deployment level of 1GW/year, a massive ramp-up in uptake of at least 14 GW/year is required to meet the targets, according to EASE. […]
Recurrent Energy Expands Ercot Storage Pipeline with Acquisition Of 400 MWh Of Standalone Storage Projects Under Development – EQ Mag Pro
Two standalone energy storage projects were acquired from Black Mountain Energy Storage GUELPH, ON. : Recurrent Energy, LLC (“Recurrent”), a wholly owned subsidiary of Canadian Solar Inc. (“Canadian Solar”) (NASDAQ: CSIQ), today announced the acquisition of two standalone energy storage projects from Black Mountain Energy Storage (BMES). The projects, which are in the South Load […]
Industry turns to energy storage – EQ Mag Pro
Energy storage in the past? Just have the accountants pay the electric bill on time. Energy storage now? Let’s look “behind the meter” and adopt a combination of suitable options to save power and revenue, improve sustainability and gain other benefits. Several trends are driving industrial energy consumers to refocus on energy storage and reexamine […]
Trafigura Group Pte Ltd invests in long duration energy storage innovator Malta Inc. – EQ Mag Pro
Cambridge, Massachusetts and Geneva : Trafigura Group Pte Ltd. (“Trafigura” or the “Company”), a market leader in the global commodities industry, has invested in Malta Inc., a leading innovator of grid-scale, long-duration energy storage. Malta’s new technology collects and stores energy from any power generation source in any location, enabling reliable and predictable operation of […]
EQ Webinar on Energy Storage : Enabling Large-Scale Despatchable Renewable Energy 30th June 2022 (Thursday) 4:00 PM Onwards….Register Now!
Warm Greetings from EQ We are happy to present Webinar on Energy Storage : Enabling Large-Scale Despatchable Renewable Energy When : 30th June 2022 (Thursday) From 4:00 PM to 6:00 PM IST Register in advance for this meeting: <Click Here To Register> After registering, you will receive a confirmation email containing information about joining the […]
Power storage market to see rapid expansion on favourable factors: Fitch – EQ Mag Pro
Investments in power storage will be crucial to stabilise increasing power generation Power storage demand in India is expected to expand rapidly to stabilise the increasing variability on the power supply side – from rising renewable generation – and the demand side, says a report by Fitch Ratings. Increasing power generation from renewable energy, which […]
INNOVATION: Researchers propose turning high-rise buildings into batteries for energy storage – EQ Mag Pro
New Delhi: A new research has proposed a novel gravitational-based storage solution called the Lift Energy Storage Technology (LEST). The method, proposed by researchers from Austria-based International Institute for Applied Systems Analysis (IIASA), has been published in the journal Energy. This solution will use lifts and empty apartments in tall buildings to store energy by […]
Energy storage takes centerstage for Honeywell and customers – EQ Mag Pro
Energy storage in the past? Just have the accountants pay the electric bill on time. Energy storage now? Let’s look “behind the meter” and adopt a combination of suitable options to save power and revenue, improve sustainability and gain other benefits. Prudence Hoffman, interim general manager and technical leader, Energy Storage team, Honeywell Process Solutions, […]