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

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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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Prototype light metro electric trainset with supercapacitor energy storage

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CSR Zhuzhou Electric Locomotive introduced a prototype light metro electric trainset which uses banks of supercapacitors for energy storage. The company foresees commercial production by 2014, with target markets being more than 100 smaller and medium-sized Chinese cities, as well as for the export market.

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University of Leeds and Chinese Academy of Sciences create joint institute to develop next-generation thermal and mechanical energy storage systems

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The University of Leeds (UK) and the Chinese Academy of Sciences have partnered to create a joint research institute to develop next generation energy storage systems, with a focus on thermal- and mechanical-based energy storage systems. These all have several drawbacks.

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Tesla to build a second Megafactory for utility-scale energy storage units in Shanghai

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Tesla will build its next Megafactory—the company’s utility-scale battery factory—in Shanghai; the plant will be capable of producing 10,000 Megapacks per year, equal to approximately 40 GWh of energy storage. Tesla’s original Megapack factory is in Lathrop, California, also with a 10,000 Megapack per year capacity.

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A123 Systems to supply 2MW Li-ion energy storage system to Ray Power for frequency regulation in China

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A123 Systems will supply a 2MW grid Li-ion energy storage system to Ray Power Systems Co. a Chinese company focused on developing the frequency regulation market and relevant technologies. —Eldon Mou, CEO of Ray Power.

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Wanxiang and NEC to form joint venture for grid energy storage in China

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China Wanxiang Holding announced the planned formation of a joint venture between its wholly-owned subsidiary, Puxing Energy, and NEC Corporation to pursue grid energy storage opportunities in the Chinese market. Its formation is an important element of the recently announced NEC acquisition of A123 Energy Solutions.

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SK signs MOU with Taiwan’s Formosa Plastics for stationary Li-ion energy storage systems

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SK Energy and Taiwan’s Formosa Plastics Group have signed a memorandum of understanding to develop stationary Li-ion energy storage systems. Under the MOU, a cathode developed and produced by Formosa will be used in an energy storage system (ESS) from SK.

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