Hydrogen increasingly looks likely to have a role to play in achieving decarbonisation targets worldwide, and investments and innovation are scaling up. But costs remain high and for clean hydrogen to be most effective at integrating high shares of renewable energy, storage is a vital piece of the puzzle, writes Georgina Ainscow, a Senior Patent […]
Residential Solar Energy Storage Market to exhibit a stellar CAGR of 14% | Market Research Future (MRFR)
Key industry participants in the global Residential Solar Energy Storage Market are ABB, LG Chem, Samsung SDI Co., Ltd, General Electric, Tesla, AEG Power Solutions, NextEra Energy, Inc., Abengoa, BrightSource Energy, Inc., Acciona, Evergreen Solar, Alpha Technologies, SunPower Corporation, and Solarwatt., among others. Residential solar energy storage equipment can harness the sun’s light and store […]
DOE Launches Design & Construction of $75 Million Grid Energy Storage Research Facility
Grid Storage Launchpad at Pacific Northwest National Laboratory Will Accelerate Energy Storage Innovation, Boost Clean Energy Adaptation and Grid Resilience WASHINGTON, D.C: The U.S. Department of Energy (DOE) today announced the beginning of design and construction of the Grid Storage Launchpad (GSL), a $75 million facility located at Pacific Northwest National Laboratory (PNNL) in Richland, Washington […]
Centrica in Talks With U.K. to Develop Hydrogen Storage
Centrica Plc is in talks with the U.K. government about plans to convert its disused Rough natural gas storage site off the coast of northeast England to store hydrogen. The conversion requires about 650 million pounds ($908 million) of investment and would create several thousand jobs during construction, Chris O’Shea chief executive officer said in […]
‘Best Is Yet to Come’ for Energy Storage Technology
Advancements in batteries, along with an improved regulatory environment and more investment, could make this decade the Roaring ’20s for energy storage. Many areas have been considered a focus for the electric power industry in recent years. The grid continues to face several challenges, as technology advancements transform the way electricity is produced and delivered. […]
Egypt needs long-duration energy storage to incorporate renewables: Electricity Minister
Egypt’s Minister of Electricity and Renewable Energy Mohamed Shaker has said, in exclusive statements to Daily News Egypt, that the country needs long-duration, low-cost electricity storage systems. These will be integrated with the renewable energy in a comprehensive power generation system to ensure its economic use later. He explained that hydrogen plays a major role […]
Energy storage start-up Malta raises USD 50m
US thermal energy storage specialist Malta Inc announced on Wednesday it has raised USD 50 million (EUR 41m) in a Series B funding round led by Switzerland-based methanol and ammonia producer Proman. Cambridge, Massachusetts-based Malta is a start-up incubated at X, the Moonshot Factory of Google’s parent company Alphabet Inc (NASDAQ:GOOGL). The firm has developed […]
Malta’s energy storage tech to stabilize electricity grids reliant on renewables gets $50 million
As energy grids transition away from fossil fuels and toward the use of zero emission sources of power from primarily renewable energy sources, they’re going to need an ability to store and then use the massive amounts of energy that’s only generated intermittently by the sun and wind. That’s why technologies coming from companies like […]
Energy Storage Summit 2021: Long-duration opportunities will grow but bankability is main challenge
The energy storage market is poised for strong growth over the next decade and opportunities are likely to emerge for alternatives to lithium-ion that offer longer durations of storage, but three key challenges remain for those technologies. Speaking at today’s second day of the Energy Storage Summit 2021, hosted by our publisher Solar Media, George […]
EDP to invest €24bn in energy transition
The company targets 50GW of renewables and carbon-neutrality by 2030 Portuguese energy company EDP has announced it will invest €24 billion (£20.9bn) in energy transition and renewables by 2030. In that timeframe, the firm expects to have 50GW of renewables installed and carbon-neutrality across its operations. EDP said the largest share of the green investment […]
