Energy Storage News – Piriyathep Kanchanadul flicks a switch to set a bank of light ablaze, fed by electrolyte that shoots round a tentacular array of tubes. He shuts the power off moments later — but the bulbs stay on.
Here, in the unlikely setting of a Bangkok high-rise located next to an industrial-scale massage parlour, scientists and their business backers are pressing to solve a riddle that has long held back the spread of renewable energy. Mr Piriyathep is managing director of Cellennium, a start-up hoping to roll out an affordable battery that can harvest solar, wind and wave energy and store it for later use.
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Leading investment bank Morgan Stanley believes the Australian energy market is seriously underestimating the grow of solar and battery storage, and says the technology will be installed at rates four times quicker than the incumbent energy industry expects.
Energy Storage News –
Energy Storage News – The world’s cargo fleet is moving from fossil fuels to electrons. But powering them won’t be simple. With today’s technology, driving a semi-truck 500 miles (804 kilometers) would require a 23-ton lithium-ion battery, half the weight of the truck itself. Fuel cells would need a massive, $2 million hydrogen fuel tank to go the distance. Embedding wireless charging coils in roadbed would be expensive and inefficient.
The new platform is a unique system combining battery energy storage with Power-to-Heat technology – The solution targets the primary control reserve power reducing capital expenditure by 30 % and possibly more, depending on installation.
Energy Storage News – The White House on Thursday announced commitments by government agencies and US companies and organisations that would result in at least 1.3 GW of energy storage capacity in the next five years.
Greensmith Energy, one of the largest providers of energy storage software and integration services, today announced that the company has been awarded a total of 63 megawatts (MW) in new orders in 2016 and is on track to install over 100 MW of energy storage by the end of the year. According to Greentech Media, the U.S. storage market grew 243% in 2015 and is projected to surpass the 1 gigawatt mark in 2019, and by 2020 it will be a 1.7 gigawatt market valued at $2.5 billion.
Utility companies or others planning to install renewable energy systems such as solar and wind farms have to decide whether to include large-scale energy storage systems that can capture power when it’s available and release it on demand. This decision may be critical to the future growth of renewable energy.
The market for energy storage systems for renewable energy integration is expected to reach 45.1 GW between 2015 to 2025, according to Navigant Research.