Energy Storage

According to the latest forecast from Wood Mackenzie, the global energy storage market (excluding pumped hydro) is on track to reach 159 GW/358 GWh by the of 2024 and grow by more than 600% by 2033, with nearly 1 TW of new capacity expected to come online.

Wood Mackenzie says that solar will account for 59% of new renewables between 2024 and 2033. China is expected to drive the growth, accounting for half of new solar deployment over the projected time period.

The battery development should monetise excess grid capacity and complement the 320 MW compressed air energy storage project developed by Groningen-based long duration energy storage specialist Corre Energy.

The new EScal HV offers installations of between 17 kWh and 350 kWh using a stackable system that allows up to 15 modules to be placed in series, and four strings in parallel.

ERM says it has launched offshore trials to test its Dolphyn Hydrogen process, while Southern California Gas (SoCalGas) and Evoloh have completed a joint research project on electrolyzer manufacturing process and anion exchange membrane (AEM) electrolyzer tech.

The 100 MW/200 MWh energy storage project featuring lithium iron phosphate (LFP) solid-liquid hybrid cells was connected to the grid near Longquan, Zhejiang Province, China.

Researchers have simulated the operation of seven renewable energy communities in the Port of Naples and found them to offer lower life cycle costs. Using varying capacities of solar and wave energy, they were able to optimize the system to a 90% self-consumption rate. They also offered a scheme for the management of a port energy community.

Australian zinc bromide flow battery specialist Redflow has struck a partnership with Queensland state-owned generation company Stanwell to work together on the development of a non-lithium long-duration battery energy storage solution for use in a 400 MWh project. Meanwhile, Toronto long duration energy storage specialist e-Zinc has secured $31 million which will go towards developement and completion of its pilot manufacturing facility in Mississauga, Ontario.

Researchers in Italy outlined a new model for estimating hydrogen production cost as a function of the plant’s component sizes. They tested both PV, wind, and hybrid production of hydrogen to determine the optimal size ratio for the 2030-2050 period. They also found that PV-powered hydrogen may currently achieve a levelized cost of hydrogen of €5.11/kg in Italy, with a PV ratio of 2.2.

Homeowners in the Canadian province of British Columbia who install rooftop solar and battery energy storage systems will soon be able to apply for up to CAD 10,000 ($7,341) in rebates from electric utility B.C. Hydro.