China deployed 533.3MW of new electrochemical energy storage projects in the first three quarters of 2020, an increase of 157% on the same period in 2019.
Saft has opened its third manufacturing site for energy storage systems (ESS) in Zuhai, China, adding to two existing “strategic hub” facilities in Bordeaux, France and in Jacksonville in the US.
North America is currently leading the world for utility-scale energy storage deployments, but could be overtaken by the second-largest market, the Asia-Pacific region, as early as 2023, according to forecasting and analysis by Guidehouse Insights.
Energy storage systems based around vanadium redox flow batteries (VRFBs) are being developed for residential use in Australia by partners Australian Vanadium (AVL) and Gui Zhou Collect Energy Century Science and Technology.
Major PV inverter manufacturer Sungrow has reported a significant recovery in revenue and profitability in the second quarter of 2020, including a jump in revenues from its energy storage business segment.
The head of the Smart PV division of Chinese technology giant Huawei has said that the high end residential energy storage market will be the company’s entry point into a technology that helps integrate solar to the grid.
The new CEO at VRB Energy, a maker of vanadium redox flow battery energy storage devices, claims that ongoing improvements to its technologies will allow it to outcompete lithium-ion energy storage in the coming years.
The market for grid-connected energy storage will defy the “headwinds” caused by the coronavirus pandemic on industries across the world, analysis firm IHS Markit has predicted.
There was a near-70% increase in capacity of operational energy storage projects in China paired with solar energy from 2018 to 2019, according to figures recently published by the China Energy Storage Alliance (CNESA).
