Analysis and research firm IHS Markit has predicted that over 10GW of new energy storage will be deployed during this year, with around half of those additions in the US market.
Wärtsilä Corporation’s CEO has said that “activity in the energy storage market held up well” in 2020 despite a difficult year for the company due to prevailing market conditions around the COVID-19 pandemic.
Despite the fall in unit prices for energy storage, a total of US$3.6 billion of investment was committed to energy storage projects in 2020, around the same amount as in 2019.
Vertically-integrated vanadium mining, production and supply company Largo Resources wants to launch its own vanadium redox flow battery (VRFB) onto the market within a year-and-a-half, predicting that the technology will play a “critical role” in addressing significant demand for energy storage.
The Asia-Pacific region will continue to be the world’s leading centre of lithium-ion cell manufacturing for the next decade, but it won’t just be price reductions in batteries that will drive a 30% drop in front-of-meter battery storage in key markets China, Australia and South Korea.
Let’s take a look at the news stories that had the most page views on the site since the beginning of 2020. The list covers everything from always-in-focus topics of cost reduction and competitiveness, to fire safety, innovation and commercialisation of new technologies and, of course in this year, COVID-19.
The US energy storage industry collectively deployed 476MW / 764MWh in a single three-month period between July to September, with analysis firm Wood Mackenzie Power & Renewables describing the record-breaking performance as a “sign of things to come”.
In an exclusive first interview for international press since the elections, Energy-Storage.news speaks with CEO Kelly Speakes-Backman about the Energy Storage Association’s hopes, ambitions and policy asks as 2021 begins to come into view.
South Australia’s state government has contracted for renewable energy retailer ZEN Energy to supply its facilities with power and in doing so has secured the future of a 280MW solar farm as well as a 100MW battery energy storage project.
UK electricity system operator National Grid ESO is reviewing its previously-announced timescale for the introduction of two dynamic frequency response services and phase out of the existing market regime.
