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Battery Report

Global storage market to grow thirteen-fold in five years

Fri, 04/12/2019 - 13:40 -- Hugh Finzel

New research from Wood Mackenzie Power & Renewables has predicted that the global market for energy storage will increase from its current 12GWh to 158GWh by 2024.

The report said the five-year period from 2013-18 saw a global GWh compound annual growth rate (CAGR) of 74%, although the report “did observe relatively small deployment totals of 7GW/12GWh for the period”.

Research director Ravi Manghani said “more than half of the GWh during this period came online in 2018 alone, beckoning an inflection in storage demand”.

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Utility mulls future with hydrogen/batteries

Fri, 04/05/2019 - 10:24 -- Hugh Finzel

A strategy paper from Southern California Gas Company (SCGC) has highlighted the importance of varied methods of energy storage to ensuring the West Coast state meets its “ambitious environmental goals”.

“California already produces more renewable energy than residents and business can use on most days,” meaning that new solutions to energy storage are required to manage fluctuations in supply and demand, the paper said.

But the paper suggests that while batteries will continue to be used to manage short-term demand for energy, they “are not well suited for long-term and seasonal energy storage”.

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Europe ‘lost edge to China’ in batteries— Saft owner

Mon, 02/04/2019 - 00:00 -- John Shepherd
Patrick Pouyanné

Europe has “lost its edge” to China in the battery stakes— even before the EU’s proposed Batteries Alliance starts making cells, the boss of the company that owns French batteries firm Saft has said.

Patrick Pouyanné (pictured), the chairman and CEO of oil and gas giant Total, which acquired Saft in 2016, told broadcaster CNBC: “Quite frankly, Europe’s lost its edge, in this area, hasn’t it? The Chinese are now the world leaders in renewable energy.”

Pouyanné said he had spoken to German economy minister Peter Altmaier, who had “talked a lot about batteries, and how he thinks it’s an important direction” in which Europe should go.

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Batteries to be ‘cheapest electricity storage option’

Mon, 01/14/2019 - 00:00 -- Hugh Finzel
Oliver Schmidt

Lithium-ion batteries will be “the cheapest way to store electricity, such as from solar or wind farms,” by 2050, according to a new study.

Researchers at Imperial College London calculated the cost of storing energy with different technologies, including large-scale batteries and pumped-storage hydroelectricity, and forecast those costs into the future.

Lead researcher Oliver Schmidt (pictured), from the Grantham Institute and the Centre for Environmental Policy at Imperial, said: “Our model is the first to project full energy storage costs into the future, allowing predictions of which technology will be most competitive in a particular application at a particular time.”

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