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International Energy Agency (IEA)

Cheaper BESS systems 'to rival fossil-fired peaking plants'

Mon, 01/07/2019 - 00:00 -- John Shepherd

Cheaper battery storage systems are less than 20 years away from becoming a "competitive" alternative to oil and gas-fired peaking plants, according to a new International Energy Agency (IEA) study.

The cost of battery storage is projected to “decline fast” by 2040 and global BESS capacity could reach 220 giagwatts by 2040, the IEA’s World Energy Outlook 2018 said.

This would see batteries "increasingly compete with gas-fired peaking plants to manage short-run fluctuations in supply and demand"— with the scenario’s projected need for global peaking capacity set to increase by three-quarters compared to 2017.

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IEA urges ‘minimum standards’ on battery materials and recycling

Fri, 06/08/2018 - 11:03 -- Xuan Zhong
IEA urges ‘minimum standards’ on battery materials and recycling

Lithium-ion is “likely to remain the technology of choice” for electric vehicle (EV) batteries over the next decade— but “minimum standards” should govern material supplies and recycling, says a new study.

The International Energy Agency (IEA) report, Global EV Outlook 2018, said “clearly defined and respected norms and requirements for traceability are needed” across the batteries supply chain, after the global stock of EVs climbed from one million in 2015 to more than three million in 2017.

 

The full story is only available in our FREE weekly industry newsletter, so sign-up to get it delivered to your inbox every Monday.

IEA urges ‘minimum standards’ on battery materials and recycling

Fri, 06/08/2018 - 11:03 -- Xuan Zhong
IEA urges ‘minimum standards’ on battery materials and recycling

Lithium-ion is “likely to remain the technology of choice” for electric vehicle (EV) batteries over the next decade— but “minimum standards” should govern material supplies and recycling, says a new study.

The International Energy Agency (IEA) report, Global EV Outlook 2018, said “clearly defined and respected norms and requirements for traceability are needed” across the batteries supply chain, after the global stock of EVs climbed from one million in 2015 to more than three million in 2017.

 

The full story is only available in our FREE weekly industry newsletter, so sign-up to get it delivered to your inbox every Monday.

Molten salt ‘heating up storage market’— IEA

Wed, 10/11/2017 - 09:42 -- Xuan Zhong
Molten salt ‘heating up storage market’— IEA

Molten salt is “becoming the standard” for energy storage systems coupled with solar power in new markets, according to a study by the International Energy Agency (IEA).

The IEA’s ‘Renewables 2017’ market report, released on 4 October, said solar and wind together will represent more than 80% of global renewable capacity growth in the next five years.

 

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