A recent report from Navigant Research analyzes the global market for next-generation advanced batteries, with a focus on the current leading battery chemistry, lithium ion, and the energy storage device types that might eventually replace it. While lithium ion (Li-ion) batteries offer many advantages over traditional battery technologies, research and development of new battery chemistries … Continue reading Worldwide Capacity of Next-Generation Advanced Batteries Is Expected to Increase Nearly 1,000-Fold by 2023
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Energy Storage for the Grid is Expected to Reach $15.6 Billion in Annual Revenue by 2024
Developing energy storage that is viable for grid applications has been a goal of vendors and grid operators for a number of years. Recently a number of factors have begun to converge to bring that goal close to fruition. According to a new report from Navigant Research, worldwide revenue from energy storage for the … Continue reading Energy Storage for the Grid is Expected to Reach $15.6 Billion in Annual Revenue by 2024
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Germany opens first renewable energy storage facility
The 5 megawatt lithium-ion unit was designed by the Berlin-based grid and storage specialists Younicos for WEMAG, a supplier of green electricity based in the northern German city of Schwerin. Europe’s largest commercial battery power plant was connected to the grid today in the presence of Vice-Chancellor and Energy Minister Sigmar Gabriel and Mecklenburg-Western Pomerania’s … Continue reading Germany opens first renewable energy storage facility
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Tesla Motors’ Gigafactory Will See More Than 50% Overcapacity in its Li-ion Production
Tesla Motors’ plan to build a new 35 GWh lithium-ion cell production facility – dubbed the Gigafactory – for electric vehicles that will bring about only a modest reduction in battery costs, and create significant overcapacity, given likely sales of less than half the targeted 500,000, according to Lux Research. Tesla and its partner, Panasonic, … Continue reading Tesla Motors’ Gigafactory Will See More Than 50% Overcapacity in its Li-ion Production
Continue readingGreen Storage Revolution
With energy storage hugely important for the development of distributed generation and the integration of renewables into the electricity system, Enel Green Power has been investing its commitment to storage projects. The energy storage market will be worth $50 billion in six years’ time, according to Finding Growth Opportunities in the $50 Billion Energy Storage … Continue reading Green Storage Revolution
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Panasonic, Tesla to build big US battery plant for electric vehicles
Tesla Motors Inc. is teaming up with Japanese electronics company Panasonic Corp. to build a battery manufacturing plant in the U.S. expected to create 6,500 jobs. The companies announced the deal Thursday, but they did not say where in the U.S. the so-called “gigafactory,” or large-scale plant, will be built. Tesla has said that Nevada, … Continue reading Panasonic, Tesla to build big US battery plant for electric vehicles
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Saft to Supply Li-ion Battery Energy Storage System for Kauai Island
Saft, the world’s leading designer and manufacturer of advanced technology batteries for industry, has been awarded a multi-million dollar contract by Kauai Island Utility Co-operative (KIUC) to provide a Li-ion Battery Energy Storage System (BESS) consisting of 8 Intensium Max 20 M containers to stabilize the Kauai island electrical grid. Saft’s BESS will be deployed … Continue reading Saft to Supply Li-ion Battery Energy Storage System for Kauai Island
Continue readingLithium Ion Batteries for Consumer Electric Vehicles Will Surpass $24 Billion in Annual Revenue by 2023
Lithium ion (Li-ion) batteries have emerged as the leading battery technology for a wide variety of applications, including mobile devices, grid-scale energy storage, and electric vehicles (EVs). The market for Li-ion batteries for automobiles is expected to expand rapidly over the next 10 years, with battery electric vehicles (BEVs) for consumers drawing the largest share. … Continue reading Lithium Ion Batteries for Consumer Electric Vehicles Will Surpass $24 Billion in Annual Revenue by 2023
Continue readingEnergy Storage Market Rises to $50 Billion in 2020
Energy storage, driven largely by electronics and plug-in electric vehicles, will grow at a compound annual growth rate of 8% to USD 50 billion in 2020, with dramatic shifts coming from the transportation industry, according to Lux Research. Energy storage, driven largely by electronics and plug-in vehicles, will grow at a compound annual growth rate … Continue reading Energy Storage Market Rises to $50 Billion in 2020
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Avista testing batteries that store wind power, solar energy
Avista Corp. will use a $3.2 million state grant to test how effectively large batteries store energy from wind power, solar energy and other renewable sources. The three-year demonstration will occur at a Pullman substation, with a battery-storage system built by UniEnergy Technologies of Mukilteo, Washington. The battery system should be able to store enough electricity … Continue reading Avista testing batteries that store wind power, solar energy
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New rechargeable batteries for electric vehicles
Researchers have developed new molten air rechargeable batteries for electric vehicles that have a significantly higher storage capacity than lithium batteries. While electric vehicles offer many advantages, at least one barrier stands in the way of their large-scale adoption: ‘range anxiety’. Researchers at George Washington University, led by Stuart Licht, have developed a novel … Continue reading New rechargeable batteries for electric vehicles
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The future of batteries
Everywhere you look, you see lithium-ion batteries. They’re in your laptop, your cell phone, your power tools, maybe even your car. Lithium-ion battery research accounts for about 95% of all battery research and development, which has resulted in countless improvements to the technology. But lithium-ion batteries can only go so far. The Joint Center for … Continue reading The future of batteries
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LG Chem to build battery plant for electric vehicles in Nanjing
LG Chem said Wednesday that it has teamed up with two state-run companies in China to build its first electric-vehicle battery plant there. It signed with Nanjing Zijin Technology Incubation Special Park Construction Development and Nanjing New Industrial Investment Group to jointly operate a plant in Nanjing. LG Chem plans to establish a joint venture … Continue reading LG Chem to build battery plant for electric vehicles in Nanjing
Continue readingFinland to lead the way in developing the storage of solar power and wind energy
VTT Technical Research Centre of Finland has joined forces with Lappeenranta University of Technology and the Finland Futures Research Centre at the University of Turku in the launch of an extensive development project for a brand new energy system and its associated business sector in Finland. The NEO-CARBON ENERGY project, targeting the storage of solar … Continue reading Finland to lead the way in developing the storage of solar power and wind energy
Continue readingChevy Volt achieves a milestone in Electric Vehicle technology
The 2014 Chevy Volt in Eau Claire, Wisconsin has done a lot for General Motors. Its done even more for those that bought it, apparently. General Motors has recently announced that Chevy Volt owners have driven over half a billion miles on the Volts EV battery. With several Volts arriving at Osseo Auto, drivers in … Continue reading Chevy Volt achieves a milestone in Electric Vehicle technology
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Delta Electronics Introduces Innovative Battery Energy Storage Solution
Delta Electronics (TWSE: 2308), a global leader in power and thermal management solutions headquartered in Taiwan, announced today the launch of a new Battery Energy Storage Solution (BESS), at a press conference in Paris. This innovative energy-saving solution is complementary with renewable energy production systems in smart grids, and helps managing energy demand to ultimately … Continue reading Delta Electronics Introduces Innovative Battery Energy Storage Solution
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Next-Generation Advanced Batteries Will Reach $9.4 Billion in Annual Revenue by 2023
The primary battery chemistry currently used for applications that require advanced batteries, lithium ion (Li-ion), has limitations that include input costs and materials scarcity. Research and development of new battery chemistries, beyond Li-ion, is advancing rapidly and will have a major impact on the battery industry in the coming years. According to a new report … Continue reading Next-Generation Advanced Batteries Will Reach $9.4 Billion in Annual Revenue by 2023
Continue readingAluminum Batteries for Electric Vehicles
Aluminum maker Alcoa has teamed up with battery developer Phinergy to make a battery that’s capable of powering an electric car for over 1000 miles (1600 km). The only catch: the battery isn’t rechargeable, at least not in the traditional sense. The Phinergy-Alcoa team is proposing a combination of batteries for electric cars: the main … Continue reading Aluminum Batteries for Electric Vehicles
Continue readingElectric vehicles – Tesla’s Supercharger Future
Tesla Motors CEO Elon Musk is one of the few innovators building a new business to support his existing business. To support customers of Tesla electric vehicles including its flagship Model S electric car, Musk is expanding a network of “Supercharger” stations across the U.S. where users can charge their electric cars. To incentivize the … Continue reading Electric vehicles – Tesla’s Supercharger Future
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Renault inks MOU with LG Chem to jointly develop future EV batteries
Renault S.A., the world’s largest manufacturer of electric vehicles (EV), said Wednesday that it has signed an agreement with LG Chem to jointly develop high density batteries that will power its next-generation zero emission cars. The French automaker, which controls Renault-Nissan Alliance and South Korea’s Renault Samsung Motors Co., said the agreement lays the foundation … Continue reading Renault inks MOU with LG Chem to jointly develop future EV batteries
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