pv magazine ESS News’ Post

- LG Energy Solution Vertech, Inc. will deliver 7.5 GWh of integrated U.S. energy storage projects for Excelsior Energy Capital. - All projects will meet domestic content requirements and will be delivered to the U.S. - Also, they will incorporate the latest LG Energy Solution containerized lithium-ion battery solutions with LFP long cells designed optimize energy efficiency and enhance safety.   #LGEnergySolutionVertech #Excelsior #ESS Read More: http://bit.ly/3BN3bqD

Some promising developments and announcements in LDES space firstly with the announcement of that the first phase of Datang Group’s 100 MW/200 MWh sodium-ion energy storage project in Qianjiang, Hubei Province, has been connected to the grid today and secondly the release of this report from GetFocus predicting that sodium-ion cells in reaching costs of around $10/kWh by 2028 #LDES #EnergyStorage #DisruptiveTechnologies #EnergyTransition

🚀 Exciting Growth in Energy Storage: How Storlytics Aligns with Global Trends 🚀 As we witness remarkable growth in the energy storage sector, with giants like Sungrow Power Supply Co., Ltd. and EVE Energy Co.,Ltd. reporting significant increases in their BESS shipments, it's clear the industry is evolving rapidly. Sungrow’s recent 10.5GWh shipment in 2023, a 36% increase from the previous year, alongside Eve Energy’s impressive 113% growth in Q1 2024, highlights a surging demand for advanced energy solutions globally. 🌐 At Storlytics, we are committed to staying at the forefront of this transformation. Our latest software version is now equipped with the new battery and enclosure models, making it an essential tool for developers, designers, and planners aiming to leverage top-tier tech in energy storage. 💡 Storlytics Features: Advanced Modeling Capabilities: Optimize your energy storage systems using our sophisticated algorithms and up-to-date battery models. Enhanced Flexibility: Tailor your projects with the latest battery technologies and configurations to meet specific needs and maximize efficiency. Global Reach: Whether you're operating locally or expanding overseas, our software supports your projects with data and insights relevant to global markets. As the energy storage market grows, Storlytics continues to provide industry leaders with the tools they need to innovate and thrive. Harness the potential of the latest advancements in battery technology and market trends with Storlytics. 🔗 Explore how Storlytics can transform your next project: https://lnkd.in/e6Dpp--8 #EnergyStorage #RenewableEnergy #Storlytics #BatteryTechnology #Innovation

🔋Battery storage was the most invested in of all commercially available energy sector technologies in 2023 acc. to IEA. BNEF said that was roughly three times the amount tallied for 2022. It is forecasting a 60% jump this year to around 67GW/155GWh of global deployments in 2024, and a compound annual growth rate (CAGR) of the market to the end of the decade of 21%. Great outlook for everyone involved... #EnergyStorage #RenewableEnergy

Momentum for flow batteries is on the rise, as this recent report from Rho Motion reveals. Deployments surged in 2024 - up 320% year over year! - and strong market growth is expected throughout 2025. Quino Energy is well-positioned to benefit from these positive trends and newly-established economies of scale for flow battery hardware. As the market grows, we’re excited to continue our mission to dominate domestically produced, non-flammable energy storage solutions. #flowbatteries #energystorage

🔋My 2025 Energy Storage Market Predictions 👇 The #EnergyStorage industry is on track to shatter records in the 2025. Here are my top predictions for 2025: 📈 100% YoY Growth: With the demand for renewables surging, utility-scale storage in the U.S. will double year-over-year. My estimate for 2025 is 93 GWh: https://bit.ly/3NNbaGx 🔋 500Ah+ Cells: In 2026, 500Ah+ cells will become the preferred form factor, offering higher energy density and lower module costs. ⚡ The Rise of the AC Block: AC Block products will dominate new sales into the U.S. as they offer simplified integration, streamlined installation, and reduced project risk. I predict over 60% of the the U.S. market will go to AC Block solutions in 2025. 💡 2000V Inverters: Inverters are advancing to 2000V systems, boosting efficiency and lowering overall system costs. These innovations will first appear in DC Block systems: https://bit.ly/3UsS2S3 . Higher voltages will enable DC Block solutions to remain competitive with AC Blocks. 🏭 Domestic Inverter Manufacturing: Expect a surge in U.S.-made inverters as 45X incentives accelerate domestic production. I predict the majority of this will be string inverters that become integrated into AC Block products. 🏢 Big Exits: As momentum builds in the U.S. market, expect some major energy storage ecosystem exits. My bet is $10B+ across small IPPs, system integrators, domestic inverter suppliers, and next generation storage technologies. What did I miss? I'd love to hear your thoughts! #CleanEnergy #Energy #RenewableEnergy #ESS #Solar Energy Operating Partners

Lithium-Ion Battery Market 2024: Global Size (USD 139.6 Billion), Share Analysis, Growth Factors, and Forecast Report 2032: The market is experiencing significant growth mainly driven by the rising demand for electric vehicles (EVs) and rapid expansion of renewable energy storage solutions. In line with this, technological advancements enhancing battery efficiency and capacity, along with the widespread product … Continue reading → #Business #ElectronicsSemiconductors #MarketingSales

Trades against the machine: Large battery storage systems are taking on an increasing number of tasks in the German grid, meaning that the volume and speed of transactions can no longer be managed without computers. As a result, traders are working on algorithms to fully automate transactions. #Renewables #Energy #Technology

Sungrow Liquid-Cooled ESS PowerTitan 2.0 is Set to Unleash the AC Block Era Recently, 66 sets of Sungrow’s energy storage system, PowerTitan 2.0, arrived in the UK, demonstrating its acceleration of energy storage deployment in Europe. In the Middle East, over 1,500 sets of PowerTitan 2.0 are set for deployment, contributing to one of the world’s largest energy storage projects with a capacity of 7.8 GWh. Similarly, in Asia, multiple PowerTitan 2.0 projects have been successfully commissioned, showcasing impressive performance in cost reduction, safety, grid forming, etc. PowerTitan 2.0 is being rapidly gaining global traction, pioneering the energy storage industry’s transition into the AC Block era. What is the AC Block? PowerTitan 2.0 […] Read the full story here: https://lnkd.in/df3QBy9G #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #energystorage #globalnews #pcs #renewableenergy #solarenergy #sungrow