Global Scans · Energy storage · Weekly Summary

• [New] Projects must enable a long-duration capable (10+ hours) energy storage technology with a pathway to $0.05 / kWh Levelized Cost of Storage by 2030. DOE Energy Storage Program
• [New] The Pottinger Energy Park project, being developed near Booroorban about 60 kilometers south of Hay in NSW's South West Renewable Energy Zone, is expected to comprise a 300 MW solar farm, a 1.2 GW wind farm, and a 500 MW / 2,000 MWh battery energy storage system. pv magazine Australia
• In 2010, California approved Assembly Bill 2514, requiring the California Public Utilities Commission to set and meet energy storage procurement targets for investor-owned utilities, totaling 1.33 GW of storage capacity completed by 2020 and implemented by 2024. Center for Sustainable Systems
• The ESS battery manufacturing facility, called LG Energy Solution Arizona ESS, will produce lithium iron phosphate (LFP) pouch-type batteries for energy storage systems (ESS). Morningstar, Inc.
• Terna (the Italian TSO) estimates in the last Adequacy Report for the Italian Electricity System that Italy will need around 27 GW of energy storage capacity by 2033 to add a planned 120 GW + of renewable generation to the Italian grid. BW Group
• In 2024, energy storage technologies will take giant leaps forward, enabling better integration of renewable energy into existing grids and enhancing grid stability. Hive Energy
• A UK start-up led by veterans of the hydrogen sector has launched what it claims is a breakthrough energy storage technology that it hopes can take on industry-leading lithium-ion batteries. Recharge | Latest renewable energy news
• The development of flexibility solutions such as battery energy storage systems will play a major role in integrating renewable energies and accelerating the energy transition by guaranteeing the efficiency, reliability and security of energy systems. MarketScreener
• The U.S. Department of Energy's Advanced Materials and Manufacturing Technologies Office today released a $15.7 million funding opportunity to advance the domestic manufacturing of next generation batteries and energy storage. Energy.gov
• Renewable Energy and Energy Storage: The renewable energy sector shows potential for substantial and rapid growth in India and has the potential to meet India's growing energy demand. International Trade Administration | Trade.gov
• The U.S. Department of Energy Advanced Materials and Manufacturing Technologies Office released a $15.7 million funding opportunity to advance the domestic manufacturing of next generation batteries and energy storage. Energy.gov
• Latin America's 'Lithium Triangle' accounts for over 60% of lithium reserves, creating commercial opportunities tied to lithium's role in electric vehicles and alternative energy storage, which the World Bank estimates may lead to an increase in lithium demand of 488% by 2050. SpringerLink
• Battery energy storage systems will see increased adoption in 2024, supporting longer runtime demands and integrating with alternative energy sources, such as solar or fuel cells. DigitalNow Asia
• Set to be the largest solar and battery storage project in the UK, the Kent-based Clevel Hill will consist of 37 3MW of solar and over 150 MW of battery energy storage. Solar Media Limited
• Beyond Lithium: While lithium-ion batteries reign supreme, new contenders like sodium-ion batteries showcased by Samsung and solid-state batteries from Hyundai offer hope for more sustainable, less reliance on rare earth minerals and using AI to optimize and extend energy storage solutions. Forbes
• The Center for Materials for Devices and Energy Storage in India is investigating the potential of magnesium-ion batteries as a suitable alternative to lithium-ion batteries. DevX
• EVE Energy will supply Lithium Iron Phosphate battery cells for Wartsila's GridSolv Quantum energy storage system, a fully integrated modular and compact solution that supports the integration of storage into electricity grids and the increase of renewable energy. Wartsila.com
• Key growth opportunities in southern Africa include the installation of solar PV systems, Battery Energy Storage solutions, and off-grid solar PV plants. SolarQuarter
• The newly-announced Hydro-Quebec 2035 action plan will enhance Quebec's energy portfolio with more wind and solar energy, in addition to energy storage. Jessica Kennedy
• More vanadium will be used in green energy in 2024, including vanadium batteries, which command less than 1% of the energy storage industry, while lithium batteries have 96.5%. FastMarkets
• With the rapid growth of electric vehicle and renewable energy storage industries, the demand for lithium is expected to increase significantly in the coming years. Investing.com Australia

Last updated: 14 April 2024