Bulgarian company Neopet Ltd. and South Korean ACE Engineering & Co. Ltd. have entered into a strategic partnership aimed at revolutionizing the battery energy storage market in Europe. The agreement, signed on August 25, 2024, outlines a comprehensive plan to develop and construct Battery Energy Storage System (BESS) parks with a total pipeline capacity exceeding 1.5 GWh across multiple European locations.
The European market for battery storage systems is growing rapidly; solar home storage systems have dominated until now. But now there is a change. Large batteries are gaining ground - but are still being held back by regulatory hurdles.
Tailwind for the PV battery market in Sweden. The Swedish tax authority allows tax relief for batteries that are only partially used to store self-generated electricity, as wholesaler EWS reports.
A coalition of European associations, among them SolarPower Europe and Eurelectric calls to recognise PPAs for reducing the carbon footprint of electricity used in battery manufacturing.
ZYC Energy has recently introduced ZYC Portal, a platform designed to streamline remote monitoring and management of ZYC Energy Storage Systems.
A broad supporting program at this year's ees Europe 2024 offers useful orientation in the growth market of batteries and energy storage systems.
Ampace, a world-renowned supplier of lithium batteries, is set to unveil a series of new products at the company’s booth in ees Europe on 19 June at 14:00 CEST, featuring the innovative Full Temp. Range Control Technology of Zero Liquid Cooling and Zero Air Conditioner along with the Kunlun Battery Cell 2.0, for ultimate performance and economic benefits for customers.
A total of 15 universities and companies are involved in the project. The aim is to develop industrially usable and environmentally friendly cells. However, sodium is a tricky element and its use in storage technology is still in its infancy.
The battery industry is steadily moving forward: With the increasing electrification of vehicles and the expansion of renewable sources of energy, the global demand for batteries is growing. New technologies, as well as strategic and geopolitical decisions, will impact the battery and electromobility sectors, creating both opportunities and challenges.
In 2023, over 200 000 Swedish homeowners received a tax reduction for the installation of green technologies. They invested a total of SEK 22 billion, 80% more than in 2022 (SEK 12 billion). But in 2024, a decline is expected.
The software Data Analytics from the Munich-based company Twaice aims to realise the full potential of batteries. To this end, it offers comprehensive data analysis of storage systems.
The battery manufacturer says it is seeing the first positive developments from its restructuring measures. However, due to rising demand, Varta expects stronger business in the second half of the year - and more sales in 2024.
Axpo will develop one of the largest battery storage facilities in SwedenAcquired from project developer SENS (Sustainable Energy Solutions Sweden), the facility in Filipstad is designed to provide ancillary services to help balance the electricity grid. It is combined with a solar park.
Inverter manufacturer SMA recorded a 66.5 per cent increase in sales to 367 million euros from January to March 2023. All three segments in the Group contributed to this development. Storage units and digital services also continued to be in strong demand.
Axpo will build a lithium-ion based 20MW/20MWh energy storage facility in Sweden to deliver services to the grid in 2024.
Belectric will build two solar farms with anstalled capacity of more than 100 MW in England. They are combined with batteries and single-axis trackers.
Tion Renewables has acquired a first battery storage project in Bacup in the northwest of England. It consists of five battery containers with lithium-ion battery cells (8.0 MW/9.3 MWh) directly connected to the power grid.
Intensively used batteries, taken from electric buses, get a second life as part of Project Anubis. This initiative of RWE and VDL Bus & Coach revolves around the sustainable use of EV batteries as part of a central storage system in Moerdijk, the Netherlands.
The global energy crisis triggered by Russia’s invasion of Ukraine is causing profound and long-lasting changes that have the potential to hasten the transition to a more sustainable and secure energy system, according to the latest edition of the IEA’s World Energy Outlook.
Energy storage installations are projected to reach a cumulative 411 GW (1,194 GWh) by the end of 2030, according to BloombergNEF (BNEF). That is 15 times the 27GW/56GWh of storage that was online at the end of 2021.
Menlo's portfolio will now expand to include inverters for commercial installations, hybrid inverters, and batteries for residential installations.
Energy prices are skyrocketing. Now is the time for solar self sufficiency. For commercial use there are some more opportunities by bigger storage systems for solar energy. They buffer the consumption and diminish the costs for grid connection, as Franz-Josef Feilmeier explains. He is founder and CEO of Fenecon.
Nearly 140 000 Swedish small house owners have now invested over 8 billion Swedish Krona (SEK) in green technology, Svensk Solenergi reports.
IIASA researchers have come up with a new energy storage concept that could turn tall buildings into batteries to improve the power quality in urban settings.
With the acquisition of the Spanish company Webawatt Energia, Sonnen continues its international growth course.
