Efficient energy storage technology is needed to overcome fluctuations in renewable energy supply and decrease our reliance on fossil fuels. Here are some of the most promising technologies in the industry today. As the world moves towards a more renewable and decentralised energy system, energy storage is becoming increasingly important. Energy storage technologies allow us […]
Europe to Take Off in Energy Storage and Potentially Arrive at 95GW in Installed Capacity by 2050 – EQ Mag
British research institution Aurora Energy Research pointed out that Europe will be increasing its quantity of 10MW grid-grade energy storage systems each year, and could arrive at an accumulated capacity of 42GW by 2030, before potentially reaching 95GW by 2050. This also means that the period between 2023 and 2050 will see more than EU€70 […]
Top five energy storage projects in Australia – EQ Mag
Global energy storage capacity was estimated to have reached 20,844,063.7kW by the end of 2021 and is forecasted to grow to 353,879,813.4kW by 2030. Australia had 1,222,350.1kW of capacity in 2021 and this is expected to rise to 22,075,639.8kW by 2030. Listed below are the five largest energy storage projects by capacity in Australia, according […]
From hot sand to liquid air – 5 early stages energy storage solutions that could help underpin the electric economy – EQ Mag
After centuries of dominance, fossil fuels are set to lose their spot at the top of the energy podium. According to Jeremy Oppenheim, Partner at systems change company Systemiq, “We are hitting peak oil. Over the next 20 to 30 years there will be a rewiring of the economy on the basis of clean electrons […]
France: Power storage unit commissioned at the Plouguin wind farm – EQ Mag
Paris (France) : Boralex Inc. (“Boralex” or the “Company”) (TSX: BLX) is pleased to announce the commissioning of its second energy storage unit in France. The battery, which has a storage capacity of more than 3.3 MWh, is installed on the site of the Plouguin wind farm (Finistère, Brittany). Having just recently announced the commissioning […]
Alfen Helps Centrica Business Solutions Build Its First Battery Storage Development Project in Belgium – EQ Mag
24MW/~54MWh Battery Energy Storage System is Centrica’s first battery storage development outside the UK Alfen’s TheBattery Energy Storage System balances energy supply and demand in the Belgian electricity grid and will contribute to the country’s capacity market to ensure long-term energy supply Located in Oostende, the system will deliver power to 48,000 Belgian homes for […]
Increasing renewables on the grid through accurate inertia measurement – EQ Mag
On behalf of the Australian Government, the Australian Renewable Energy Agency (ARENA) has today announced $1.43 million in funding to Reactive Technologies to conduct a trial of its real-time inertia measurement technology Grid-Sonar™ across a number of sites in Victoria. Accurately measuring the power system’s inertia in real-time will help the Australian Energy Market Operator […]
KORE Power Announces 44 MWh Procurement Agreement with Cordelio Power – EQ Mag
American-made KORE Power solutions will re-power energy storage assets in PJM Coeur d’Alene, Idaho : KORE Power, Inc. (KORE) will supply American-built battery energy storage systems to Cordelio Power for the repowering of Cordelio’s 20 MW/44 MWh McHenry standalone storage facility in the PJM Interconnection. Repowering with KORE’s deep-rack battery systems will increase the power, […]
India’s NTPC Renewable seeks bids for 1.5 GW/9 GWh of energy storage – EQ Mag
NTPC Renewable Energy Ltd, part of Indian state-run power producer NTPC Ltd (BOM:532555), is seeking developers to install at least 1,500 MW/9,000 MWh of interstate transmission system (ISTS)-connected energy storage capacity across India. The company issued an Invitation for Bids (IFB) on Wednesday and will await submissions by June 16. Bids are due to be […]
AI-Powered Energy Storage Technologies Will Be Key in Growing the Battery Market and Accelerating Renewable Energy Adoption – EQ Mag
The energy storage market is hitting warp speed, fueled by technological breakthroughs and soaring demand for electric vehicles and renewable energy sources. In 2022, the global energy storage market size reached an astounding $14.9 billion and is projected to grow at a 15.8% CAGR from 2023 to 2033. What recent or coming developments in the […]