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Global Scans · Energy storage · Weekly Summary


  • [New] 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
  • Remember, as noted by Morningstar, rising electric vehicle adoption and the increasing buildout of energy storage systems will keep lithium demand growing to surpass 1 million metric tons in 2024, from 800,000 in 2022, eventually hitting 2.5 million metric tons by 2030. Yahoo Finance
  • Instead of completely replacing lithium-ion batteries, next-generation solid-state sodium batteries will provide high performance energy storage that is both cost efficient and can be optimized for renewable energy integration in key solar growth markets such as India. Automation.com
  • While Northvolt at first has designed its sodium-ion cell primarily for energy storage, subsequent generations of the technology delivering higher energy density could open up opportunities for electric mobility as well. Recharge | Latest renewable energy news
  • The UK government auction secured a record 11 gigawatts of new renewable energy capacity that will generate electricity nine times cheaper than current gas prices. GreenMatch.co.uk
  • Octopus Energy Generation plans to invest $20 billion in offshore wind globally by 2030, aiming to boost energy security and reduce dependence on fossil fuels. MarketScreener
  • AU$19 million will be used to target AI-driven solutions for areas including food security and quality, health and wellbeing, sustainable energy and resources, resilient and valuable environments, and Australian and regional security. ZDNet
  • By switching off fossil fuels at the current time we risk energy instability, so every effort must now be made to find reliable low-carbon energy and effective energy storage to keep the lights on throughout the year. AOL

Last updated: 24 March 2024



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