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COP29 to propose 1.5 TW energy storage target by 2030

This year’s UN Climate Change Conference could adopt a target to increase global energy storage capacity more than sixfold by 2030. To achieve this, the world would need to add more than 158 GW of energy-storage capacity annually.

China connects first large-scale flywheel storage project to grid

The 30 MW plant is the first utility-scale, grid-connected flywheel energy storage project in China and the largest one in the world.

Envision pushes energy storage density to new highs with 8 MWh, 20-foot container

Chinese multinational Envision Energy has unveiled the world’s most energy dense, grid-scale battery energy storage system packed in a standard 20-foot container.

Aggreko launches two new C&I battery storage systems

Aggreko has introduced two new mid-sized battery storage solutions – 250 kW / 575 kWh and 500 kW / 250 kWh, looking to meet a variety of on and off-grid applications.

Global energy storage fleet to surpass 1 TW/3 TWh by 2033, WoodMac says

According to the latest forecast from Wood Mackenzie, the global energy storage market (excluding pumped hydro) is on track to reach 159 GW/358 GWh by the of 2024 and grow by more than 600% by 2033, with nearly 1 TW of new capacity expected to come online.

Long-duration energy storage poised to outcompete lithium-ion batteries

While most long-duration energy storage (LDES) technologies are still early stage and costly compared to lithium-ion batteries, some have already, or are, set to achieve lower costs for longer durations, finds BloombergNEF.

Weekend read: Enhancing safety in lithium-ion batteries

Lithium-ion batteries are generally safe and unlikely to fail but they can catch fire if they are damaged or stored or operated incorrectly. There is a tremendous amount of research and engineering effort going into making batteries safer but are technological advancements being rolled out quickly enough?

System design for PV-driven hybrid EV charging stations

Researchers in India have simulated a 4 kW solar power-based hybrid electric vehicle charging station using a three-stage charging strategy and found that the station is capable of charging 10–12 EVs with 48 V 30 Ah lithium-ion batteries.

Tesla reports record energy storage deployment figures

Tesla’s global electric vehicle sales are plummeting, but its energy storage business is surging, with more than 4 GWh deployed in the first quarter of 2024 alone.

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Iron-based redox flow battery for grid-scale storage

Researchers in the United States have repurposed a commonplace chemical used in water treatment facilities to develop an all-liquid, iron-based redox flow battery for large-scale energy storage. Their lab-scale battery exhibited strong cycling stability over 1,000 consecutive charging cycles, while maintaining 98.7% of its original capacity.

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