BERLIN : Investment by German industry should rise by an extra 9.3 billion euros ($10.19 billion) to 2030 under the government’s climate plan, boosting total economic output by half a percentage point, according to a draft seen by Reuters on Thursday. The plan, implementing the landmark climate deal reached by coalition parties last week, envisages […]
Massachusetts policy leads Stem towards 28.2MWh of solar co-located energy storage
Policy in the Commonwealth of Massachusetts favouring the use of clean energy during peak times has brought behind-the-meter energy storage company Stem Inc into the state’s utility-scale solar-plus-storage market. The commercial and industrial (C&I) system provider has partnered with private equity firm Syncarpha Capital Partnership to develop 28.2MWh of large-scale energy storage projects, co-located with […]
Lithium batteries: Far more widely recycled than second-hand statistics imply
Lithium-ion batteries are far more widely recycled than many people think, while China and South Korea are already leaders of the emerging circular economy of lithium, a report commissioned by the Swedish Energy Agency has found. An often-cited figure is that “5% of lithium-ion batteries are recycled”, when in fact this statistic, taken originally from […]
Georgia Power wants to own and operate 80MW of battery ESS to ‘maximise value of renewables’
Utility Georgia Power wants to own and operate 80MW of battery energy storage systems in its service area, building on the state’s early recent steps to investigate the value of storage both in front of and behind the electricity meter. Georgia Power has just made a request to raise residential rates in order to invest […]
World Bank: Cost declines in solar-plus-storage could see 490 million relying on microgrids by 2030
Plummeting solar-plus-storage costs could help electrify millions worldwide by facilitating a ten-fold explosion of mini-grid systems, a new report from the World Bank has said. The 19,000 mostly hydro- and diesel-based mini-grids that power 47 million people today could boom to 210,000 systems powering 490 million by 2030, according to the institution. Its report said […]
Need to focus on grid-connected storage policy for investment in battery technology: Experts
Power sector experts Thursday stressed the need for announcing a 100 GW grid-connected storage programme that will help India attract investments in battery technology space. The views came forth at a conference in the national capital. The experts and industry players were on the same page for India taking lead over other countries in setting […]
World Bank approves China loan for US$750m energy storage accelerator programme
After approving investment for the acceleration of energy storage deployment in developing countries to the tune of US$1 billion a few months ago, the World Bank has now approved a US$300 million loan to do the same in China. China is the world’s most prolific installer of renewable energy and by the end of 2018 […]
ScottishPower’s rush for batteries in bid to make Glasgow the UK’s first net zero city
ScottishPower has revealed intentions to make Glasgow the UK’s first ‘net zero’ city, in collaboration with Glasgow City Council. And the utility is also preparing a battery storage rush in a bid to support its renewable energy ambitions. To achieve net zero emissions, the city will need to decarbonise heat and transport, as well as […]
IEEFA: Solar-plus-storage undermines coal economics by ‘hundreds of millions’ of dollars
Tumbling solar-plus-storage costs could see the hybrid technology become a money saver for US firms grappling with expensive legacy coal portfolios, according to the Institute for Energy Economics and Financial Analysis (IEEFA). Utilities shutting down coal units ahead of their end-of-life point and replacing them with renewables, stand to reap savings in the “hundreds of […]
India looking at $500 bn investment in renewable energy generation by 2028
The global think-tank said in a special report the long-term outlook is favourable for renewable energy in India New Delhi: India is looking at a mammoth $500 billion worth of investment in creating renewable energy generation capacity with tendering of 500 Gigawatt (Gw) by 2028 in addition to $250 billion investment in grid expansion and […]