The revenue potential of energy storage technologies is often undervalued. Investors could adjust their evaluation approach to get a true estimate.
This requires reinventing the entire electricity architecture: advanced heating systems to electrify heavy industry, AI-powered smart grids to balance supply and demand,
TORONTO – The Ontario government has concluded the largest battery storage procurement in Canada''s history and secured the necessary electricity generation to support the province''s growing
Azerbaijan, which is hosting this year''s COP29 UN summit, this week announced 14 climate initiatives it hopes countries will sign up to, including one to promote energy storage and electric grids. Governments
The partnership will aggregate solar and energy storage systems through the Energy Storage Solutions program to incentivize homeowners and reduce strain on the
Building a new type of power system requires the establishment of a multi-dimensional value system for power commodities, which incorporates elements such as power
As renewable energy penetration rises, these benefits grow significantly, while burdens decline for all categories except two.
The Green Energy Storage and Grids Pledge, launched on 15 November, targets a goal of 1.5TW of global energy storage by 2030, marking a sixfold increase from 2022 levels, in addition to doubling grid
The IEA''s Tracking Clean Energy Progress (TCEP) assesses recent developments for over 50 components of the energy system that are critical for clean energy transitions.
Energy storage applications Energy storage systems are divided into two categories: short-duration applications, which can adjust the power output in seconds of minutes to meet
Green hydrogen offers Global South countries transformative opportunities for green industrialisation, energy independence, and economic diversification by leveraging their abundant renewable resources to
Bruce Douglas, CEO, Global Renewables Alliance (GRA), welcomed the news: "Countries committing to global energy storage and grid targets today at COP29 send a strong market signal. It raises awareness
Governor Hochul announced that the New York State Public Service Commission approved a new framework for the State to achieve a nation-leading six gigawatts
The International Renewable Energy Agency (IRENA) produces comprehensive, reliable datasets on renewable energy capacity and use worldwide. Renewable Energy Statistics 2022 provides
The Office of Electricity announced $5 million each to 3 grid-scale energy storage projects that support critical facilities and infrastructure in a power outage or other
Renewable growth – In 2020 we set a target to sign 2,000 to 3,000 MW of new wind, solar and energy storage contracts, which we exceeded by signing 3,017 MW of Power Purchase
Azerbaijan, which is hosting this year''s COP29 UN summit, this week announced 14 climate initiatives it hopes countries will sign up to, including one to promote
GES stationary storage systems are characterized by the independence between the power and the energy module, offering the possibility to design battery storage solution adapted to the final application requirements.
The world''s leading utilities and power sector companies endorsed commitments of governments and international stakeholders made at COP29 to increase
Governor Hochul announced that the New York State Public Service Commission approved a new framework for the State to achieve a nation-leading six gigawatts of energy storage by 2030, which
GES stationary storage systems are characterized by the independence between the power and the energy module, offering the possibility to design battery storage solution adapted to the
China''s renewable electricity market has taken a critical step forward on credible corporate renewables claims, meaning that companies can now confidently use China''s Green Energy Certificates (GEC) system,
The energy storage landscape is changing quickly as scientists work to create better and longer-lasting storage solutions. Experts are focused on improving smart grids to
This growth highlights the importance of battery storage when used with renewable energy, helping to balance supply and demand and improve grid stability. Energy
All these have made it easier for corporations to buy clean energy, positioning the zone well for more growth. Green commitments boost The biggest indicators of future growth are clean energy targets set by
Why ESS Quality Metrics Matter More Than Ever Ever tried charging your phone with a potato? Yeah, that''s what poor energy storage system quality indicators feel like in the renewable
1. China''s green power and green electricity certificates (GECs) market is exploding. From January to September 2024, 2.1 billion GECs were issued, representing over 90% of the total 2.319 billion issued since the
Explore the core technical parameters of energy storage systems, focusing on energy capacity, efficiency metrics, and innovative battery solutions for optimized performance
Beyond 2030, the need for storage will continue to accelerate, with a wide diversity of technologies and durations required to decarbonise global electricity systems and energy-intensive industrial processes.
WASHINGTON, D.C., April 29, 2025 – Today the American Clean Power Association (ACP), on behalf of the U.S. energy storage industry, announced a historic commitment to invest $100 billion into building and buying
One way of improving this indicator, i.e. making it lower, can be by electrifying end-use subsectors, provided that the electrification is based on low-carbon power generation. Decoupling of economic growth
Technology costs for battery storage continue to drop quickly, largely owing to the rapid scale-up of battery manufacturing for electric vehicles, stimulating deployment in the power sector.
The Commission has presented today a Guidance document on anticipatory investments for developing forward-looking electricity networks.
Investments in grids and flexibility measures need to nearly double from current levels, requiring an average of USD 717 billion per year is needed in grids and flexibility between 2024 and 2030. Global Energy Storage and Grids targets require a six-fold increase in energy storage capacity over 2022 levels, aiming for 1,500 GW by 2030.
Through our collaboration with the Green Grids Initiative, we advocate for faster grid deployment, international grid interconnections, and policies that enable smart, resilient energy systems – ensuring renewables can power a clean, secure, and just future.
Energy storage systems are not primary electricity sources, meaning the technology does not create electricity from a fuel or natural resource. Instead, they store electricity that has already been created from an electricity generator or the electric power grid, which makes energy storage systems secondary sources of electricity. Wind.
The primary source of stored energy on electricity grids today, at well over 90% of energy stored, is Pumped Storage Hydropower, but more is needed to ensure the flexibility and security of global grids. There is no shortage of potential sites.
WASHINGTON, D.C. – The U.S. Department of Energy’s (DOE) Office of Electricity (OE) today announced three storage technologies projects that will receive up to $5 million each to demonstrate the ability of energy storage to support critical facilities and infrastructure during a power outage or other emergency.
Eddie Rich, CEO, the International Hydropower Association, and Vice-Chair of GRA commented: “A lack of long duration energy storage has, until now, been the ignored crisis within the current energy crisis. This is the first time world leaders have recognised the need for a mix of renewables, rather than just volume.
