NATIONAL PROGRAMME ON ADVANCE CHEMISTRY CELL (ACC) BATTERY STORAGE STAKEHOLDERS CONSULTATION Advance Chemistry Cells (“ACCs”) are the new generation advance storage technologies that can store electric energy either as electrochemical or as chemical energy and convert it back to electric energy as and when required. Globally, manufacturers are investing in these new generation technologies at […]
We are looking at both green hydrogen and battery storage: Mohit Bhargava, executive director, NTPC
NTPC has set a 32-gigawatt renewable energy capacity target by 2032 New Delhi : State-owned NTPC is looking at green hydrogen and battery storage to drive energy transition and is moving away from coal-based projects, said its Executive Director, Mohit Bhargava. NTPC has set a 32-gigawatt (GW) renewable energy (RE) capacity target by 2032, which […]
Can battery storage propel energy transition for India?
With no facility to store electricity as of now, the electricity produced in the power plants and fed into the grid should ideally be the same as the electricity consumed, otherwise it causes an imbalance in frequency for grid equilibrium. One of the solutions for a balanced grid is energy storage batteries. When the energy […]
Rolls-Royce to supply battery storage for microgrid on Cook Island
The batteries will serve as a power reserve, provide grid support and enable the increased use of renewable energy Rolls-Royce has won a contract to supply three 40-foot battery storage technologies for a microgrid on Cook Island. The MTU EnergyPacks will be integrated into an existing power plant run by local utility Te Aponga Uira […]
Opportunities develop for battery storage ‘despite the turmoil caused by COVID-19’, IHS Markit says
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. The team at the IHS Markit Energy Storage Service has forecast that global installations will grow by over 5GW this year, despite disruption caused by COVID-19. Battery energy storage […]
40GW of battery storage and longer durations could help smash UK net zero targets
More electricity storage and longer durations of storage will be needed for the UK to meet net zero targets, according to electricity system operator National Grid ESO’s latest modelling. Electricity storage deployment increased in all four of its decarbonisation scenarios, which were outlined in National Grid ESO’s annual ‘Future Energy Scenarios’ document exploring pathways from […]
Coal reaching ‘tipping point’ vs renewables: analysis
The authors estimate that a third of the global coal fleet is already more costly to run than it is to build new renewable power solutions, including battery storage Paris: Renewable energy such as wind and solar projects are already cheaper to build than it is to continue operating 40 percent of the world’s existing […]
Battery storage to grow to 26 GW by 2030 from 3 GW in 2020
The use of batteries for energy storage is expected to grow faster than that of other flexible assets in the period to 2030 and beyond, consultancy Wood Mackenzie said in a research note. Battery storage will increase to 26 gigawatts (GW) by 2030 from 3 GW in 2020 across the five major European power markets, […]
ADB Finances First Wind Power and Battery Storage Project in Thailand
BANGKOK, THAILAND: The Asian Development Bank (ADB) has signed a THB235.55 million ($7.2 million equivalent) loan with Lomligor Company Limited (Lomligor), a subsidiary of BCPG Public Company Limited (BCPG), to finance a 10-megawatt (MW) wind power plant in southern Thailand. The project utilizes an integrated 1.88-megawatt-hour (MWh) pilot battery energy storage system to increase […]
Battery storage, smart grid, energy efficiency firms raise $252 mn in VC funding in Q1 2020: Report
For battery storage, total corporate funding including venture capital (VC), debt, and public market financing was $244 million in nine deals compared to $635 million in 10 deals in Q4 2019 New Delhi: Battery storage, smart grid, and energy efficiency companies raised $252 million in the first quarter (Q1) of 2020, a 20 per cent […]