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Pike Research forecasts worldwide grid energy storage spending to reach $22B by 2021, down from 2010 forecast of $35B

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In its new report Energy Storage on the Grid (ESG), Pike Research forecasts that global spending in the ESG market will reach a little over $22 billion over the next 10 years. Electric grids require balance in order to function properly. Electric grids require balance in order to function properly. Earlier post.).

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Bidirectional Charging Management (BCM) research project gets green light; tying in renewables

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The research project will run for three years under the aegis of the German Aerospace Center (DLR) and with funding from the German Federal Ministry for Economic Affairs and Energy. This will effectively turn the electric vehicles’ batteries into mobile energy storage devices that can also supply electricity when required.

Renewable 287
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Valence Technology settles patent dispute With Hydro-Québec

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The market has recognized the ability of phosphate-based lithium ion technology to meet the growing demand for reliable, high-performance energy storage in transportation, grid and commercial applications.

Li-ion 218
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Coltura: Supreme Court precedent means states can require all new vehicles sold be electric

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Metz and Janelle London finds that state vehicle electrification mandates can withstand legal challenges based on federal preemption if they are based solely on reasons for transitioning to electric vehicles that are within the state's authority. Passage of these bills could create a seismic shift in the US auto market.

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Eos Energy launches $500M Project AMAZE with $398.6M conditional loan guarantee from DOE; long-term zinc-based storage

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Eos Energy, a provider of safe, scalable, efficient, and sustainable zinc-powered long-duration stationary energy storage systems, announced Project AMAZE (American Made Zinc Energy), a $500-million planned expansion and a significant milestone to build 8 GWh of clean energy storage production capacity.

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FreeWire Technologies raises $125M in Series D; battery-integrated ultrafast EV charging stations

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FreeWire recently broke ground on a new 66,000-square-foot R&D facility in Newark, California to develop and manufacture new ultrafast charging and energy storage product offerings. FreeWire has installed nearly 5 MWh of energy storage capacity through battery-integrated charging to date, with more than 30 MWh booked.

Charging 195
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EC proposes modernizing EU legislation on batteries to enhance sustainability and safety

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Providing legal certainty will additionally help unlock large-scale investments and boost the production capacity for innovative and sustainable batteries in Europe and beyond to respond to the fast-growing market.

Battery 359