Home Tag "ENERGY STORAGE"

India may emerge the third largest energy storage installation country by 2040

The study indicates that energy storage installations around the world will multiply exponentially, from a modest 9GW/17GWh deployed as of 2018 to 1,095GW/2,850GWh by 2040. KOLKATA: India may emerge the third largest country in terms of energy storage installations by 2040, a forecast from research company BloombergNEF (BNEF) indicates. According to the forecast, ten countries […]

ENERGY STORAGE INVESTMENTS BOOM AS BATTERY COSTS HALVE IN THE NEXT DECADE

BNEF’s annual outlook revises up its forecast for global investment in stationary energy storage, and sees majority of capacity likely to be grid-scale London and New York: Energy storage installations[1] around the world will multiply exponentially, from a modest 9GW/17GWh deployed as of 2018 to 1,095GW/2,850GWh by 2040, according to the latest forecast from research company […]

‘Cheaper Than a Peaker’: NextEra Inks Massive Wind+Solar+Storage Deal in Oklahoma

NextEra will build a combined 700 megawatts for an electric cooperative group in a landmark deal for the hybrid renewables sector. NextEra Energy Resources seems intent on proving that triple hybrid plants can work in the U.S. market. The powerhouse renewables developer contracted this week with Oklahoma-based Western Farmers Electric Cooperative to build the largest […]

How energy storage technologies are set to transform the energy landscape

With renewables on the rise, Energy Storage (ES) technology is becoming an essential part of the energy landscape. This piece explores the advantages and disadvantages of current ES solutions ver the last few decades, the demand for electricity has grown considerably in India and many other developing countries. In 2018, India’s annual gross electricity generation […]

Georgia Power Ups Plan for Renewables and Storage After Local Stakeholder Push

Southern Company-owned utility’s larger-than-expected storage rollout points toward a big new market in the Southeast. Georgia’s utility regulators approved a long-term plan that will see Georgia Power drastically expand renewable generation and develop, own and operate up to 80 megawatts of energy storage. The final 2019 Integrated Resource Plan calls for 2,260 megawatts of new […]