Energy Storage

Cal on October 16th, 2017

MarketResearchFuture says the global energy storage market is about to grow 20% annually between now and 2023. Energy storage ranges from small to very large systems. It is segmented into mechanical energy storage, electro-chemical energy storage, thermal storage, and chemical storage. Energy storage systems have become important for storing renewable energy in recent years because of […]

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Cal on October 12th, 2017

Russia, which gets 20% of its electricity from hydro, plans to get another 4.5% from solar and wind by 2024. Russian Deputy Prime Minister Arkady Dvorkovich said a plan is currently being devised to amend the country’s regulatory system in a way that will facilitate the addition of more solar and wind power capacity and lead […]

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Cal on October 3rd, 2017

“Since 2007, more than half of humanity has lived in urban areas, and by 2050 more than 6.3 billion people will live in cities, accounting for two-thirds of the global population, with a rising share in megacities of more than 10 million people. Most of those people will live in high-rises, so there will be only […]

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Cal on October 2nd, 2017

The government of Singapore announced it intends to install solar panels across all new Housing Development Board blocks. The South Asian Republic receives an average annual solar irradiance of 1,580 kilowatts per metre squared per hour, and up to 50% more solar radiation than other temperate countries. Using photovoltaic cells, solar power is likely to be the […]

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Cal on September 30th, 2017

Professor Vaclav Smil tells us that when it comes to energy storage, size matters. A small national electric grid — one handling 10 to 30 gigawatts — could rely entirely on intermittent renewable energy sources (like wind and solar) only if it had gigawatt-scale storage capable of working for many hours. The largest announced storage system, comprising more than […]

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Cal on September 29th, 2017

Hedge fund Bridgewater Associates believes that almost half of the jobs in the next two decades will be replaced by artificial intelligence. CEO Ray Dalio said: “By in large, the world is going to largely consist of people who can take language and put it into code, which then allows the computer to operate like a […]

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Cal on September 22nd, 2017

Daimler AG announced plans to spend $1 billion to start production of Mercedes-Benz electric vehicles at its factory in the US state of Alabama. The plant will assemble electric sport utility vehicles, making Daimler the first European company to assemble plug-in EVs in the US. The alliance of automakers Renault, Nissan and Mitsubishi revealed their six-year […]

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Cal on August 23rd, 2017

Investment banker Morgan Stanley is bullish on the market for electric grid storage products. “Demand for energy storage from the electric utility sector will grow more than the market anticipates by 2019–2020,” the company predicts in a recent report. Demand for grid-scale storage will increase from less than $300 million a year today to as much as $4 […]

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