International Renewable Energy Agency estimates costs of stationary battery storage could drop 66 per cent by 2030, as EV development accelerates. Rapid reductions in stationary battery storage development costs could lead to a 17-fold growth in installed capacity worldwide by 2030, according to the International Renewable Energy Agency (IRENA). A report last week by the Agency estimates development costs associated with stationary battery storage applications could plunge 66 per cent by 2030, potentially helping to push installed global battery storage capacity from just 2GW today to around 175GW – a level that would see it rival global pumped hydro storage capacity.
Business Green 9th Oct 2017 read more »
Battery storage installations could experience a 17-fold growth by 2030 due to the rapidly falling price of batteries, according to a new report from the International Renewable Energy Agency (IRENA). Experts predict that the cost of battery storage for stationary applications could fall by up to two-thirds over the next 13 years. The study also found that global storage capacity could triple if countries double their share of renewables in the energy system.
Edie 9th Oct 2017 read more »
Britain’s switch to greener energy will take another significant step forward this week with the opening of an industrial-scale battery site in Sheffield. E.ON said the facility, which is next to an existing power plant and has the equivalent capacity of half a million phone batteries, marked a milestone in its efforts to develop storage for electricity from windfarms, nuclear reactors and gas power stations. The plant, housed in four shipping containers, is the type of project hailed by the business secretary, Greg Clark, as crucial to transforming the UK’s energy system and making it greener. At 10MW, the Blackburn Meadows battery is one of the biggest in Britain so far, but will soon be eclipsed by much larger plants. Centrica, the parent company of British Gas, is building a 49MW facility on the site of a former power station in Barrow-in-Furness, Cumbria, while EDF Energy is working on one of the same size at its West Burton gas power station in Nottinghamshire.
Guardian 9th Oct 2017 read more »