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BNEF forecasts global energy storage market to grow 15-fold by 2030 to 411 GW/1194 GWh

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Energy storage installations around the world are projected to reach a cumulative 411 GW (or 1,194 GWh) by the end of 2030, according to the latest forecast from research company BloombergNEF (BNEF). That is 15 times the 27GW/56GWh of storage that was online at the end of 2021.

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ŠKODA collaborates with IBG ?esko on second-life battery energy storage system; up to 328 kWh

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ŠKODA AUTO, a subsidiary of the Volkswagen Group, is introducing a smart energy storage system using second-life batteries from electric vehicles. Following a successful pilot project in Prague, the energy storage units are now available to ŠKODA contract dealers. In partnership with the Czech technology company IBG ?esko,

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BloombergNEF reports 11% year-on-year rise in renewable energy financing in the first half of 2022, for a total of $226B

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Wind project financing was up 16% from 1H 2021, at $84 billion. Both sectors have been challenged recently by rising input costs for key materials such as steel and polysilicon, as well as supply chain disruptions and rising financing costs. billion raised—up 63% on the previous year. The 2Q figure, at $3.9

Financing 243
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Arizona’s largest battery storage project clinches $513M in financing

Baua Electric

Photo: Recurrent Energy Recurrent Energy has secured $513 million in financing for Arizona’s largest standalone battery storage project. The financing includes a $249 million construction and term loan, a $163 million tax equity bridge loan, and a $101 million letter of credit facility. Get started here.

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Making battery energy storage an integral part of ‘Net-Zero’ – ET Auto

Baua Electric

As the global hunger for renewable energy (RE) increases, battery energy storage ( BES ) systems are expected to become omnipresent. In the Indian context, the country’s commitment to ‘ net-zero ’ is evident through its ambitious targets of achieving 500 GW of clean energy installation capacity by 2030.

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Mercedes-Benz Energy and Vivint Solar partner on US home energy storage systems

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Mercedes-Benz Energy and Vivint Solar announced an exclusive strategic collaboration to bring the Mercedes-Benz customizable home energy storage system to the US. The storage systems are made to Mercedes-Benz quality standards and based on the same automotive-grade battery technology used in its electric and hybrid vehicles.

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EnerNOC and Tesla to collaborate on stationary energy storage

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a provider of energy intelligence software (EIS), will collaborate with Tesla on the deployment and management of energy storage systems in commercial and industrial buildings. Tesla announced its PowerWall line of stationary Li-ion battery storage systems last night. EnerNOC, Inc., Earlier post.).