After centuries of dominance, fossil fuels are set to lose their spot at the top of the energy podium. According to Jeremy Oppenheim, Partner at systems change company Systemiq, “We are hitting peak oil. Over the next 20 to 30 years there will be a rewiring of the economy on the basis of clean electrons […]
Energy Storage
India to have 41 GW of energy storage capacity by 2030, says govt
India would need 41.65 GW/208.25 GWh of Battery Energy Storage Systems (BESS) to meet its electricity demand in 2029-30: Report India is projected to have 41 GW of energy storage capacity along with 777GW of total installed power capacity by 2029-30, according to a Report on Optimal Generation Mix for 2029-30, released by Central Electricity […]
France: Power storage unit commissioned at the Plouguin wind farm – EQ Mag
Paris (France) : Boralex Inc. (“Boralex” or the “Company”) (TSX: BLX) is pleased to announce the commissioning of its second energy storage unit in France. The battery, which has a storage capacity of more than 3.3 MWh, is installed on the site of the Plouguin wind farm (Finistère, Brittany). Having just recently announced the commissioning […]
Alfen Helps Centrica Business Solutions Build Its First Battery Storage Development Project in Belgium – EQ Mag
24MW/~54MWh Battery Energy Storage System is Centrica’s first battery storage development outside the UK Alfen’s TheBattery Energy Storage System balances energy supply and demand in the Belgian electricity grid and will contribute to the country’s capacity market to ensure long-term energy supply Located in Oostende, the system will deliver power to 48,000 Belgian homes for […]
Increasing renewables on the grid through accurate inertia measurement – EQ Mag
On behalf of the Australian Government, the Australian Renewable Energy Agency (ARENA) has today announced $1.43 million in funding to Reactive Technologies to conduct a trial of its real-time inertia measurement technology Grid-Sonar™ across a number of sites in Victoria. Accurately measuring the power system’s inertia in real-time will help the Australian Energy Market Operator […]
KORE Power Announces 44 MWh Procurement Agreement with Cordelio Power – EQ Mag
American-made KORE Power solutions will re-power energy storage assets in PJM Coeur d’Alene, Idaho : KORE Power, Inc. (KORE) will supply American-built battery energy storage systems to Cordelio Power for the repowering of Cordelio’s 20 MW/44 MWh McHenry standalone storage facility in the PJM Interconnection. Repowering with KORE’s deep-rack battery systems will increase the power, […]
UK battery energy storage market to grow to 24GW by 2030, says Rystad Energy – EQ Mag
The UK’s battery storage market is set for exponential growth in the coming years, rising from the ground up to reach 24 gigawatts (GW) capacity by the end of the decade. These utility-scale battery systems will attract investments of up to $20 billion and have enough combined energy reserves to power 18 million homes for […]
AI-Powered Energy Storage Technologies Will Be Key in Growing the Battery Market and Accelerating Renewable Energy Adoption – EQ Mag
The energy storage market is hitting warp speed, fueled by technological breakthroughs and soaring demand for electric vehicles and renewable energy sources. In 2022, the global energy storage market size reached an astounding $14.9 billion and is projected to grow at a 15.8% CAGR from 2023 to 2033. What recent or coming developments in the […]
New ADB partnership prioritizes Vietnam energy storage efforts, Indonesia coal phase-out – EQ Mag
Vietnam’s energy storage initiatives will benefit from a new $35 million capital fund from the Asian Development Bank (ADB) and non-profit Global Energy Alliance for People and Planet (GEAPP). The two international organizations announced this new partnership during the World Bank Spring meetings in Washington, D.C. late last week, saying the new fund aims to […]
Maryland Passes Laws to Expand Community Solar and Energy Storage – EQ Mag
Summit Ridge Energy hosted a ribbon cutting Tuesday for the project, which it operates and jointly owns along with climate investment firm Hannon Armstrong. Located in Carroll County, Maryland, the warehouse is owned by STAG Industrial. A pair of bills have been approved by Maryland lawmakers to make permanent the state’s community solar program and […]