According to the latest data of SolarPower Europe, Europe had installed 650K units of residential battery energy storage systems in 2021, and has now exceeded a million units in 2022. Europe’s total residential battery installations had risen from about 3GWh in 2020 to more than 5GWh in 2021, before exceeding 9GWh this year, with the […]
Opportunity for battery storage ‘as big as it has ever been’ in Europe – EQ Mag
Healthy arbitrage opportunities to continue 44.6 GW European storage forecast by 2030 Purchasing power challenge versus EVs Battery storage players in Europe are experiencing both the best of times and the worst of times. The ongoing volatility in the European power market makes the case for grid-scale batteries like never before, but persistent supply constraints […]
Renewables power up UK electricity exports to Europe – EQ Mag
UK renewables take larger slice of the energy mix, and Britain becomes a net exporter to Europe for the first time in a decade Britain exported more power to Europe than ever before in 2022, making it a net exporter for the first time in a decade, new analysis shows. The UK has been expanding […]
TVS Motor sets sight on Europe for EV debut via small buyouts – EQ Mag
TVS entered the electric two-wheeler market in early 2020 with the iQube scooter just after Bajaj Auto’s debut. TVS Motor Company is busy making acquisitions, albeit small ones, across Europe with one specific goal in mind – to prepare for an entry into the region through electric vehicles. With the acquisition of a German engineering […]
REPowerEU Rules on Accelerated Permitting Apply to all Energy Storage – EQ Mag
The European Parliament, in plenary session, voted on the REPowerEU amendments to the Renewable Energy, Energy Performance of Buildings and Energy Efficiency Directives. Unveiled in May, the objective of the Directives is to strengthen European energy security, jeopardised by the Russian invasion of Ukraine. The European Commission proposal outlined new rules to speed up renewable […]
Building a competitive solar-PV supply chain in Europe – EQ Mag
Can European businesses achieve a competitive position in the global solar-PV supply chain and strengthen Europe’s energy transition and resilience? It’s challenging but a potential pathway exists. Europe has committed to being a climate-neutral society by 2050.1 This is an ambitious target, which has been complicated by the energy crisis and the Ukraine conflict, as […]
Report projects strong growth in residential storage in Europe in the coming five years – EQ Mag
Residential battery storage capacity in Europe is set to reach 9.3GWh by the end of this year, according to SolarPower Europe. That is in the solar PV industry trade body’s Medium Scenario, which estimates the continent will reach 39.9GWh of residential storage by 2026. In its pessimistic and High Scenarios it could reach 23GWh or […]
10 Biggest EV Charging Companies In Europe – EQ Mag
In this article, we will discuss the 10 biggest EV charging companies in Europe. If you want to skip our detailed analysis of Europe’s EV charging industry, you can go directly to 5 Biggest EV Charging Companies In Europe. Electric vehicles are growing their market share in Europe. According to statistics from ACEA, battery-electric vehicles […]
Volkswagen brand will be electric-only carmaker in Europe from 2033: brand chief – EQ Mag Pro
BERLIN : The Volkswagen brand (VOWG_p.DE) will only produce electric cars in Europe from 2033, its boss Thomas Schaefer said on Wednesday, committing to an earlier date than its previous 2033-2035 target. Schaefer said in the coming decade the VW brand would narrow down the number of models on offer and raise the profit margin […]
Canadian Solar unit unveils utility-scale battery, aims to quadruple its battery manufacturing capacity by 2023
Dubbed SolBank, the company’s lithium iron phosphate battery enclosure has a usable energy capacity of 2,800kWh. In addition, it is designed with liquid cooling and humidity control along with active balancing battery management system (BMS) technologies. CSI Energy Storage currently produces the SolBank at its workshops in Jiangsu Province in China. The current annual battery […]