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Lux predicts energy storage market will hit $546B by 2035

Green Car Congress

The total energy storage market is expected to grow to $546 billion in annual revenue by 2035, according to a report released by Lux Research. Mobility applications remain the long-term growth and demand driver for energy storage through 2035, with personal mobility devices expected to increase to $43.7

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BNEF projects impact of COVID-19 on renewables, energy storage, EVs, etc.

Green Car Congress

BloombergNEF has issued a research note highlighting some of the likely effects of the coronavirus COVID-19 outbreak over the next year on the transition to a clean economy: including renewable power, energy storage, electric vehicles, heating, cooling and the circular economy.

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Volvo partnership will recycle EV batteries into energy storage

Teslarati

As the world transitions to sustainable transportation through electric vehicles (EVs), some are considering ways to reduce EV battery waste. One such company includes Volvo, which has announced a partnership to recycle old EV batteries into new energy storage systems.

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How Automotive Dealerships Can Save Money with Battery Energy Storage

Blink Charging

Automotive dealerships must prioritize upgrading their electric infrastructure to support the anticipated increase in electric vehicle (EV) sales, projected to reach 2.5 Discover key insights into incorporating battery storage for your dealership’s sustainable energy storage. What are battery energy storage systems?

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UCSD study: under current policies, home energy storage would often increase carbon emissions

Green Car Congress

Under current policies, home energy storage systems would also often increase carbon emissions, according to a study by a team of researchers at the University of California San Diego published in the journal Environmental Science & Technology. —lead author Oytun Babacan, a postdoc at the School of Global Policy and Strategy.

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Tesla to build new Megafactory in Shanghai to produce Megapack energy storage system

CN EV Post

The Megafactory is planned to initially produce up to 10,000 units of commercial energy storage batteries per year, with an energy storage scale of nearly 40 GWh, and the product will be available to the global markets. In the first quarter, Tesla's China-made vehicle sales were 229,322, up 25.88

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This will be the first geothermal energy storage system on the Texas grid

Baua Electric

Image: Sage Geosystems Sage Geosystems will launch EarthStore this year, which uses geothermal energy storage to produce clean electricity on demand. Cindy Taff, CEO of Sage Geosystems, said, “Geothermal energy storage is a viable solution for long-duration storage and an alternative for short-duration lithium-ion batteries.