According to BloombergNEF, the world will need over 1,000 GW / 2,850 GWh of energy storage by 2040, with lithium-ion leading deployments. The International Energy Agency (IEA) anticipates battery storage capacity will have to scale up 20 times by 2030 to hit net-zero.
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The grant, awarded by the DoE's Energy Efficiency and Renewable Energy / Vehicle Technologies Office, specifically targets lithium-sulfur technologies that can alleviate offshore supply chain risk for EV batteries and increase EV driving range.
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New Zealand's first utility-scale battery energy storage system has commenced operation with electricity distribution company WEL Networks confirming that its 35 MW/35 MWh Rotohiko battery facility has completed testing and commissioning.
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The Malta energy storage system takes electricity, converts and stores that electricity as heat, and then converts it back to electricity to be redistributed on the electric grid.
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