Domestic Price Gap Between Peak and Valley Hours Drives Industrial and Commercial Energy Storage Development. According to statistics from CNESA, in June 2023, the average price gap between peak and valley hours, based on agent-based pricing, was RMB 0.69/kWh in China. This figure is slightly lower than the annual price gap of RMB 0.70/kWh observed […]
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 […]
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 […]
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 […]
Dubai gears up to host global Energy Storage Forum ahead of COP28 – EQ Mag
Dubai is eagerly preparing to host the highly anticipated return of the prestigious Energy Storage Forum this year, strategically organized in anticipation of the 28th meeting of the Conference of the Parties (COP28) scheduled for November. From May 23 to May 25, 2023, the Energy Storage Forum’s 2023 edition will take place at the Sofitel […]
Northvolt completes construction of Poland ESS factory – EQ Mag
Swedish battery manufacturer, Northvolt has completed the construction of Northvolt Dwa in Gdańsk, Poland — Europe’s largest factory for energy storage solutions. Sharing the video of the completed factory on social media, Northvolt confirmed that the production is scheduled to begin by the end of the year, which will coincide with the official opening of […]
Five Smart Takes on Battery Energy Storage Systems – EQ Mag
Omdia did a deep dive into the battery energy storage system (BESS) industry and came back with insights about new battery chemistries, manufacturers and their challenges, the state of the global market, and more. Here are five takeaways. The demand for renewable energy resources has increased significantly as the world transitions towards a more sustainable […]
Could Underground Gravity Energy Storage Offer a Solution to Future Energy Storage Needs? – EQ Mag
As part of the energy transition and the move to renewables, an international team of researchers has recently proposed a new technology – Underground Gravity Energy Storage (UGES) – which can store and discharge electricity. Meeting the Surging Demand for Energy At present, solar and wind power are considered to be the front runners in […]