India’s Ministry of New and Renewable Energy (MNRE) may soon introduce new policies which will mandate the inclusion of battery storage in new solar and wind projects. Speaking at the 21st edition of the Global MSME Business Summit organized by the Confederation of Indian Industry (CII), MNRE Secretary Prashant Kumar Singh said that the government is … Continue reading India to mandate energy storage for photovoltaic, wind power projects
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New Analysis Shows Energy Storage Keeps Costs Low and Power Reliable in Texas
The American Clean Power Association (ACP) today released an analysis highlighting how recent significant additions of energy storage capacity over the past year in Texas has resulted in lower energy costs for consumers, the ability to avoid conservation appeals, and has enabled the power grid to better navigate extreme weather events. Key findings include: ERCOT … Continue reading New Analysis Shows Energy Storage Keeps Costs Low and Power Reliable in Texas
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The changing shape of European energy storage
Energy storage has grown exponentially in Europe in recent years – and that pace is set to continue across the continent. So, how is the market evolving, and how can industrial players best position themselves to thrive in this fastmoving environment? We recently published an in-depth report – and infographic – that explores the changing … Continue reading The changing shape of European energy storage
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India’s challenges and opportunities for photovoltaic (PV), energy storage cells in 2025
With the push for global energy transition and policy incentives, India’s renewable energy has rapidly progressed. As one of the world’s top five PV markets, India’s PV demand is experiencing substantial growth driven by supportive policies and massive power needs. According to the National Energy Plan (NEP) 2023, India aims to achieve a PV installed capacity … Continue reading India’s challenges and opportunities for photovoltaic (PV), energy storage cells in 2025
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ACP Statement on Massachusetts Legislation to Advance Offshore Wind and Energy Storage
The American Clean Power Association (ACP) released the following statement from Moira Cyphers, ACP Director for Atlantic Offshore & Eastern State Affairs after comprehensive legislation was introduced in Massachusetts enhancing clean energy deployment. Key features include a major overhaul of energy infrastructure permitting, increased support for renewable sources like wind, solar, and expanded battery storage: … Continue reading ACP Statement on Massachusetts Legislation to Advance Offshore Wind and Energy Storage
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Energy storage, essential for photovoltaics and wind power, is a solved problem
There are thousands of extraordinarily good pumped hydro storage sites around the world with an extraordinarily low investment cost. When combined with batteries, the resulting hybrid system has large energy storage, low cost for both energy and power, and fast response. Storage is a solved problem. In 2023, twice as much solar generation capacity was … Continue reading Energy storage, essential for photovoltaics and wind power, is a solved problem
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US Grid-Scale Energy Storage Installations Surge, Setting New Q2 Record
The U.S. energy storage market set a Q2 record in 2024, with the grid-scale segment leading the way at 2,773 MW and 9,982 MWh deployed. The U.S. energy storage market experienced significant growth in the second quarter, with the grid-scale segment leading the way at 2,773 MW and 9,982 MWh deployed. According to the American … Continue reading US Grid-Scale Energy Storage Installations Surge, Setting New Q2 Record
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NREL’s Research in Battery Energy Storage Is Helping Advance the Clean Energy Transition
To bring new clean energy sources online across the United States and around the world, several questions need to be answered. Where are the best places to build out new generation like solar and wind farms? How can we get all that clean energy from its source to where it needs to be? What is … Continue reading NREL’s Research in Battery Energy Storage Is Helping Advance the Clean Energy Transition
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Solar photovoltaic (PV) companies drive energy storage boom amid intense market competition
Over the past year, the solar industry has faced intense competition, with prices close to cost. The surge in energy storage, attracting even non-solar companies, is not surprising. As a result, the energy storage market quickly shifted from a “blue ocean” to a “red ocean.” Many energy storage product sellers report selling at cost, with … Continue reading Solar photovoltaic (PV) companies drive energy storage boom amid intense market competition
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Chinese company builds new energy storage power plant to better harness photovoltaic (PV) solar power
Inner Mongolia Energy Group has started constructing a large-scale new energy storage power station in the Ulan Buh Desert, the eighth-largest in China, to better harness new energy power for grid connection. Designed with a capacity of 605,000 kilowatts, the project is the largest single energy storage power station under construction in the country. The … Continue reading Chinese company builds new energy storage power plant to better harness photovoltaic (PV) solar power
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The restrictions on photovoltaic energy storage in Asturias are unfounded
The Spanish Photovoltaic Union (UNEF), the main photovoltaic energy business association in Spain, has today expressed its deep concern regarding the proposal of the Government of Asturias to establish minimum distance restrictions for the implementation of battery parks. According to UNEF, these restrictions, which establish distances of one kilometer from population centers and 500 meters … Continue reading The restrictions on photovoltaic energy storage in Asturias are unfounded
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Curtailment, Greece needs 7 GW of energy storage by 2030 to avoid photovoltaic cuts
Up to 20% of renewable electricity production is expected to be curtailed by 2030 in Greece if no new investments are made in energy storage. Greece is faced with ever-increasing curtailments of renewable energy production. Based on expectations from the revised National Energy and Climate Plan (NECP), an attempt will be made to deal with … Continue reading Curtailment, Greece needs 7 GW of energy storage by 2030 to avoid photovoltaic cuts
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Energy storage: global capacity to increase by 1 TW by 2033
Global energy storage capacity – excluding pumped hydropower – will increase by almost 1 TW between 2024 and 2033, representing an increase of 636%. Tax incentives and hybrid auctions will accelerate the expansion of the technology around the world. According to consulting firm Wood Mackenzie in its latest report, this makes this technology one of … Continue reading Energy storage: global capacity to increase by 1 TW by 2033
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Photovoltaic (PV) and wind power uptake to reach 5.4 TWac from 2024 to 2033
Global photovoltaic deployment to add 3.8 TWac of new project capacity by 2033 compared to 1.6 TW of wind power, while 640% growth is forecast for energy storage, From 2024 to 2033, developers will bring more than 5.4 terawatts (TWac) of new solar and wind capacity online, increasing the cumulative global total to 8 TWac, … Continue reading Photovoltaic (PV) and wind power uptake to reach 5.4 TWac from 2024 to 2033
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Energy Storage Industry Takes Significant Steps to Lead on Safety and Support Communities
The American Clean Power Association (ACP) today announced an important policy effort to promote the current best-in-class safety measures for energy storage technology systems. This includes policy recommendations for local and state governments to use and adopt such safety measures. Today, ACP published a model ordinance framework providing comprehensive guidance for state and local governments … Continue reading Energy Storage Industry Takes Significant Steps to Lead on Safety and Support Communities
Continue readingEnel Green Power Australia secures project financing for Quorn Park Photovoltaic Hybrid Project
Enel Green Power Australia (EGPA), a joint venture company co-owned by Enel Green Power and Inpex Corporation, is pleased to announce that construction of the Quorn Park Hybrid Project will commence in quarter three this year, having secured project financing. With investment value of over $190 million, the project will consist of the construction and … Continue reading Enel Green Power Australia secures project financing for Quorn Park Photovoltaic Hybrid Project
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Demand for photovoltaic solar power and energy storage is only going to increase. What’s the plan for meeting it?
Day 2 of the 2024 Solar and Energy Storage Summit and the conversation was still in full swing. David Banmiller was there once again to capture all the debate and discussion on the future of the solar energy sector. Electrification is at the heart of the energy transition. There’s been a sharp rise in grid … Continue reading Demand for photovoltaic solar power and energy storage is only going to increase. What’s the plan for meeting it?
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RWE to build Australia’s first eight-hour battery for photovoltaics
The investment decision has been made for the 50+ megawatt/400 megawatt hour Limondale battery energy storage system adjacent to RWE’s Limondale solar PV farm. Tesla will supply its Megapack batteries for the project, with commissioning scheduled for late 2025. RWE will increase its global battery storage portfolio to 6 gigawatts by 2030. Leading global renewables … Continue reading RWE to build Australia’s first eight-hour battery for photovoltaics
Continue readingHome energy storage for photovoltaics is booming in the US.
Alexis de Tocqueville, the French diplomat and famous observer of America, noted in 1840 that in democratic countries such as the US, a citizen’s independence “fills him with self-reliance and pride amongst his equals”. That same spirit might have been expected to help make the US a global leader in residential solar power, with homeowners … Continue reading Home energy storage for photovoltaics is booming in the US.
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US Energy Storage Market Breaks Installation Record in Q4 2023
The US energy storage market shattered previous records for deployment across all segments in the final quarter of 2023, with 4,236 megawatts (MW) installed over the period, a 100% increase from Q3 according to a new report released today. For the first time, the grid-scale segment exceeded 3 gigawatts (GW) deployed in one quarter and … Continue reading US Energy Storage Market Breaks Installation Record in Q4 2023
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