Battery storage

DNV GL, Deakin University, the CSIRO, and the Smart Energy Council have come together to collaborate on a two-year project to develop a new performance standard for distributed energy storage systems. The work behind the proposed Australian Battery Performance Standard is being funded $1.9 million from ARENA and the Victoria state government.

India’s Exide Industries Limited and Switzerland-based Leclanché S.A. have announced a 75%-25% joint venture (JV) under which lithium-ion (Li-ion) cells, modules and battery packs will be manufactured in the state of Gujarat.

The upstream technology company plans to sell silicon carbide for applications including advanced inverters for solar and battery storage, as part of a new emphasis on materials supply.

Solar PV capacity is set to grow 17-fold, and wind six-fold, by 2050, to account for nearly half of global electricity generation, predicts BNEF, while investments will reach US$11.5 trillion. Cost reductions will drive this charge, particularly in the battery market, which will benefit from the EV manufacturing ramp up. Despite this, the electricity sector is still failing to bring CO₂ emissions down to the required levels, with its continued dependence on gas.

With the percentage of renewables in the global energy mix increasing, and global energy demand projected to increase by 30% over the next two decades, energy storage is more important now than ever. But what are the main technologies for energy storage, and how will these technologies affect global energy? Gabriel Hurtado González, Energy Solutions Manager at Mitie, and Sasaenia Paul Oluwabunmi, Operations Officer at the OPEC Fund for International Development answer this pertinent question.

SMA says its new product will offer digital services such as monitoring and automatic notifications to perform maintenance as well as offering an emergency supply system. According to analysts, the varied applications of new inverters signal an increasingly competitive marketplace.

Autarsys reports the roll-out of two off-grid battery systems in Madagascar. Thanks to crowd investment, its order books are full. Streamlining the process of investment, the Germany-based start-up will cooperate with crowd investment platforms, Greenvesting and Ecoligo.

The latest report by Mercom Capital finds VC investment in battery storage companies rising five-fold year-over-year to $299 million in 12 deals.

Overall, 24 exhibitors from the upcoming Energy Storage Europe event in Germany’s Düsseldorf submitted proposals to the pv magazine Storage Highlights’ jury. They were ranked in the following categories: Relevance to industry; USP; Market impact; Contribution to the energy transition; and Innovation. Read on to discover how they fared.

Australia is on the cusp of a residential battery storage boom. The Climate Council published the forecast last week in its Fully Charged: Renewables and Storage Powering Australia report. BNEF confirms with pv magazine that as a result of the rapid growth, Australia sits alongside Germany as the fastest growing market for residential battery storage.