Australia: A new Capacity Investment Scheme to drive investment
In brief. Following the Energy Ministers'' meeting on 8 December 2022 and the National Cabinet meeting on 9 December 2022, the Australian Commonwealth government announced that a
UBS Asset Management to launch innovative energy storage investment
Mark Saunders, Co-Head of Energy Storage, spent three years at Goldman Sachs Renewable Power Group, led the formulation of an investment strategy for stand-alone storage assets and
Energy Independence and Security
Energy independence is the state in which a nation does not need to import energy resources to meet its energy demand. Energy security means having enough energy to meet demand and having a power system and infrastructure
NREL Launches Storage Futures Study with Visionary
To answer the big questions around the role of storage in our future grid, the National Renewable Energy Laboratory (NREL) has launched the multiyear Storage Futures Study (SFS). Supported by the U.S. Department of
Bank investment provides significant boost to UK
The investment strongly aligns with the Bank''s net zero mandate, helping to provide the energy storage necessary to support the rapid scale up of renewables, as set out in the British Energy Security Strategy.
Storage Futures Study: Key Learnings for the Coming
Energy storage will likely play a critical role in a low-carbon, flexible, and resilient future grid, the Storage Futures Study (SFS) concludes. The National Renewable Energy Laboratory (NREL) launched the SFS in 2020
VOLTA ENERGY TECHNOLOGIES | Technically, the smartest way
Volta identifies and invests in battery and energy storage technology, including integration hardware and software, after performing deep diligence with the support of unparalleled global
The Future of Energy Storage | MIT Energy Initiative
The Energy Department is working to develop new storage technologies to tackle this challenge -- from supporting research on battery storage at the National Labs, to making investments that
UBS Asset Management to launch innovative energy
Mark Saunders, Co-Head of Energy Storage, spent three years at Goldman Sachs Renewable Power Group, led the formulation of an investment strategy for stand-alone storage assets and executed on ~255MW of energy storage
6 FAQs about [National energy storage investment]
How has China's energy storage sector benefited from new technologies?
China’s energy storage sector nearly quadrupled its capacity from new technologies such as lithium-ion batteries over the past year, after attracting more than 100 billion yuan (US$13.9 billion) in direct investment over the past couple of years.
What is the future of energy storage?
Storage enables electricity systems to remain in balance despite variations in wind and solar availability, allowing for cost-effective deep decarbonization while maintaining reliability. The Future of Energy Storage report is an essential analysis of this key component in decarbonizing our energy infrastructure and combating climate change.
Is energy storage a 'new driving force' for China's Economic Development?
Total investment in building energy storage projects has exceeded 100 billion yuan since 2021, making the sector a “new driving force” for China’s economic development, said Bian Guangqi, an NEA official.
Why is energy storage important?
Energy storage is essential to enabling utilities and grid operators to effectively adopt and utilize the nation’s growing portfolio of clean energy resources, like solar and wind, on demand. However, today’s energy storage technologies are not sufficiently scaled or affordable to support the broad use of renewable energy on the grid.
Is diurnal storage the future of energy storage?
"We found energy storage is extremely competitive on an economic basis, and there are rapidly expanding opportunities for diurnal storage in the power sector," said Will Frazier, lead author of Storage Futures Study: Economic Potential of Diurnal Storage in the U.S. Power Sector.
Is energy storage cost-competitive?
The Storage Futures Study considers when and where a wide range of storage technologies are cost-competitive, depending on how they are operated and what services they provide for the grid. With declining costs, improved technologies, and increasing deployment, energy storage is poised to become a growing part of the evolving U.S. power system.