GPS and GES merge to develop next generation of
Low carbon energy storage company, GES, and independent storage and logistics company, GPS, have announced they have combined both businesses to create a major player in the energy storage sector. The combined business
India''s Union Budget ''addresses energy
Minister of Finance Nirmala Sitharaman holds the budget''s iconic red cloth folder in 2021. Image: Gov''t of India Press Bureau. The Indian government''s decision to classify grid-scale energy storage as infrastructure
Global news, analysis and opinion on energy storage innovation
Subscribe to Newsletter Energy-Storage.news meets the Long Duration Energy Storage Council Editor Andy Colthorpe speaks with Long Duration Energy Storage Council director of markets
Entergy and NextEra agree to develop up to 4.5 GW of solar and storage
The landscape in the region is shifting, however. Last month, the Louisiana Public Service Commission approved Entergy Louisiana''s proposal to add up to three gigawatts of
LG Energy Solution''s completed takeover of NEC ES
The Massachusetts, US-headquartered energy storage subsidiary of Japan''s NEC Corporation was widely considered a leading player in the battery storage space when its sudden exit from the industry was
The Future of Energy Storage | MIT Energy Initiative
Video. MITEI''s three-year Future of Energy Storage study explored the role that energy storage can play in fighting climate change and in the global adoption of clean energy grids. Replacing
Vietnam explores battery energy storage systems to strengthen
By bno - Bangkok Office As Vietnam''s renewable energy sector expands rapidly, experts are advocating for the adoption of battery energy storage systems (BESS) to enhance energy
6 FAQs about [Energy storage sector strengthens again video]
Should energy storage systems be mainstreamed in the developing world?
Making energy storage systems mainstream in the developing world will be a game changer. Deploying battery energy storage systems will provide more comprehensive access to electricity while enabling much greater use of renewable energy, ultimately helping the world meet its Net Zero decarbonization targets.
What do we expect in the energy storage industry this year?
This report highlights the most noteworthy developments we expect in the energy storage industry this year. Prices: Both lithium-ion battery pack and energy storage system prices are expected to fall again in 2024.
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.
Why is energy storage important?
Energy storage is a potential substitute for, or complement to, almost every aspect of a power system, including generation, transmission, and demand flexibility. Storage should be co-optimized with clean generation, transmission systems, and strategies to reward consumers for making their electricity use more flexible.
Which long-duration energy storage technologies have a critical year ahead?
Beyond lithium-ion batteries, other long-duration energy storage (LDES) technologies have a critical year ahead. China has forged ahead with its LDES development and will remain the frontrunner this year, even as US, UK, Australia and other markets support LDES growth.
Why do we need a co-optimized energy storage system?
The need to co-optimize storage with other elements of the electricity system, coupled with uncertain climate change impacts on demand and supply, necessitate advances in analytical tools to reliably and efficiently plan, operate, and regulate power systems of the future.