Remove Cheap Remove Energy Storage Remove Grid Remove Supplies
article thumbnail

BNEF ups forecast for global investment in stationary energy storage, sees majority of capacity likely to be grid-scale

Green Car Congress

Energy storage installations around the world will multiply exponentially, from a modest 9GW/17GWh deployed as of 2018 to 1,095GW/2,850GWh by 2040, according to the latest forecast from research company BloombergNEF (BNEF). Global cumulative energy storage installations. Source: BloombergNEF.

article thumbnail

Thermal Energy Storage Is No Longer Just Hot Air

Cars That Think

Cheesecake is part of a cohort of companies trying to meet a growing need for alternative forms of energy storage. As countries transition away from fossil fuels to green sources of energy like wind and solar, there will be natural lulls in energy production due to weather conditions.

article thumbnail

BNEF: China dominates the Li-ion battery supply chain, but Europe is on the rise

Green Car Congress

China dominates BloombergNEF’s (BNEF) lithium-ion battery supply chain ranking in 2020, having quickly surpassed Japan and Korea that were leaders for the majority of the previous decade. —James Frith, BNEF’s head of energy storage. These factors may be more important than a monopoly on one specific critical metal.

Li-ion 459
article thumbnail

False Starts: The Story of Vehicle-to-Grid Power

Cars That Think

They wanted to see whether an electric vehicle could feed electricity back to the grid. The company’s president, Tom Gage , dubbed the system “vehicle to grid” or V2G. And EV owners would become entrepreneurs, selling electricity back to the grid. And indeed, that’s how promoters of vehicle-to-grid technology perceive the EV.

Grid 141
article thumbnail

Power-to-gas trial to inject hydrogen into Australia’s gas grid; A$5M award to AquaHydrex

Green Car Congress

The Australian Renewable Energy Agency (ARENA) announced a trial for a new type of electrolyzer which could see excess renewable energy stored in the gas grid and used to decarbonize Australia’s gas supply. In the future, there will be increasing amounts of surplus renewable energy when it is sunny or windy.

Gas 150
article thumbnail

Harvard team demonstrates new metal-free organic–inorganic aqueous flow battery; potential breakthrough for low-cost grid-scale storage

Green Car Congress

Researchers at Harvard have demonstrated a metal-free organic–inorganic aqueous flow battery—a quinone–bromide flow battery (QBFB)—as an example of a class of energy storage materials that exploits the favorable chemical and electrochemical properties of a family of molecules known as quinones. —Huskinson et al.

Low Cost 374
article thumbnail

Solar and Battery Companies Rattle Utility Powerhouses

Cars That Think

Tesla and its partner Octopus Energy Germany recently rolled out retail utility services in two large German states. The German initiative comes on the heels of a similar rollout through Octopus Energy last November in the United Kingdom. For bigger national grids it gets more complicated. kWh battery wall unit.

Solar 121