Home Tag "investment"

Massachusetts policy leads Stem towards 28.2MWh of solar co-located energy storage

Policy in the Commonwealth of Massachusetts favouring the use of clean energy during peak times has brought behind-the-meter energy storage company Stem Inc into the state’s utility-scale solar-plus-storage market. The commercial and industrial (C&I) system provider has partnered with private equity firm Syncarpha Capital Partnership to develop 28.2MWh of large-scale energy storage projects, co-located with […]

Lithium batteries: Far more widely recycled than second-hand statistics imply

Lithium-ion batteries are far more widely recycled than many people think, while China and South Korea are already leaders of the emerging circular economy of lithium, a report commissioned by the Swedish Energy Agency has found. An often-cited figure is that “5% of lithium-ion batteries are recycled”, when in fact this statistic, taken originally from […]

World Bank: Cost declines in solar-plus-storage could see 490 million relying on microgrids by 2030

Plummeting solar-plus-storage costs could help electrify millions worldwide by facilitating a ten-fold explosion of mini-grid systems, a new report from the World Bank has said. The 19,000 mostly hydro- and diesel-based mini-grids that power 47 million people today could boom to 210,000 systems powering 490 million by 2030, according to the institution. Its report said […]

IEEFA: Solar-plus-storage undermines coal economics by ‘hundreds of millions’ of dollars

Tumbling solar-plus-storage costs could see the hybrid technology become a money saver for US firms grappling with expensive legacy coal portfolios, according to the Institute for Energy Economics and Financial Analysis (IEEFA). Utilities shutting down coal units ahead of their end-of-life point and replacing them with renewables, stand to reap savings in the “hundreds of […]