The United States continues to set quarterly records for energy storage installations across market segments, said a report from Wood Mackenzie.
The analysis from Taipei-based intelligence provider TrendForce finds that the average price for lithium iron phosphate (LFP) energy storage system cells continued to slide in August, reaching CNY 0.35/Wh ($0.049/Wh). Meanwhile, demand for large capacity cells continued to grow at a steady pace.
Battery storage accounted for the second-largest share of newly operating generating capacity in the United States in the first half of 2024. If all planned additions come online, this year could see a record amount of battery storage capacity added to the grid, totaling 15 GW.
Three years after acquiring U.S.-based Cuberg, Swedish battery maker Northvolt has decided to shut down the California unit and move future lithium-metal battery R&D to Sweden.
A group of researchers has outlined a new methodology to determine the minimum power rating of energy storage systems (ESSs) used for emergency under-frequency response. The ESS size must be calculated to maintain the frequency within the standard operating range.
The 1.5 MW ground-mount solar farm will be installed on a fixed-tilt racking system. Excess energy will be stored in a Nuvve-branded pre-validated battery energy storage system (BESS) integrated with Nuvve’s vehicle-to-grid platform.
Also on the rise: Global solar installations to nearly quadruple by 2033. Vineyard installs solar to keep distillery warehouse cool. And more.
As the urgency of mitigating the impacts of climate change intensifies with each passing year, it is the collective responsibility of grid operators and renewable energy producers to spearhead the transition to a renewable energy system.
The act sets a storage procurement goal for the state requires utilities to create an interconnection tariff that values the flexibility benefits of energy storage.
According to the application submitted by developer EDF Renewables, the proposed Socorro project will sit on 3,066 acres on nearly 6,000-acres of public land and it would produce up to 350 MW of solar energy along with battery energy storage.
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