Power Capacity of Global Installed Energy Storage for the Grid and Ancillary Services is Expected to Reach 21.6 GW in 2025, According to Navigant Research
By Sophie Vorrath for RenewEconomy: The key role energy storage will play in the electricity grids of the future – and the vital importance of investing in and testing the various emerging battery storage technologies – has been highlighted in a major report published by the Australian Renewable Energy Agency on Monday, which predicts a 40-60 per cent price plunge for certain battery technologies by 2020.
The 130-page report prepared by AECOM predicts a “mega-shift” to energy storage adoption, driven by demand – from both the supply side, as networks work to adapt to increasing distributed and renewable energy capacity, and from consumers wishing to store their solar energy – and by the rapidly changing economic proposition; a proposition, the report says, that will see the costs of lithium-ion batteries fall by 60 per cent in less than five years, and by 40 per cent for flow batteries. Cont'd...
Ming Yang Ranked Third in Newly Installed Wind Power Capacity in China in 1H 2015 with Largest Market Share of 2MW Products, according to the China Wind Energy Association
UK to Remain Top Offshore Wind Power Market by 2025, with Capacity Exceeding 23 Gigawatts, says GlobalData
Serbia's Onshore Wind Installed Capacity Will Rise Rapidly to 522 Megawatts by 2025, says GlobalData
New CellCube installation at the University of New South Wales - the cradle of Vanadium Redox batteries
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