Global Scans · Energy storage · Weekly Summary

• The Center for Materials for Devices and Energy Storage in India is investigating the potential of magnesium-ion batteries as a suitable alternative to lithium-ion batteries. DevX
• EVE Energy will supply Lithium Iron Phosphate battery cells for Wartsila's GridSolv Quantum energy storage system, a fully integrated modular and compact solution that supports the integration of storage into electricity grids and the increase of renewable energy. Wartsila.com
• Key growth opportunities in southern Africa include the installation of solar PV systems, Battery Energy Storage solutions, and off-grid solar PV plants. SolarQuarter
• The newly-announced Hydro-Quebec 2035 action plan will enhance Quebec's energy portfolio with more wind and solar energy, in addition to energy storage. Jessica Kennedy
• More vanadium will be used in green energy in 2024, including vanadium batteries, which command less than 1% of the energy storage industry, while lithium batteries have 96.5%. FastMarkets
• With the rapid growth of electric vehicle and renewable energy storage industries, the demand for lithium is expected to increase significantly in the coming years. Investing.com Australia
• Remember, as noted by Morningstar, rising electric vehicle adoption and the increasing buildout of energy storage systems will keep lithium demand growing to surpass 1 million metric tons in 2024, from 800,000 in 2022, eventually hitting 2.5 million metric tons by 2030. Yahoo Finance
• Instead of completely replacing lithium-ion batteries, next-generation solid-state sodium batteries will provide high performance energy storage that is both cost efficient and can be optimized for renewable energy integration in key solar growth markets such as India. Automation.com
• While Northvolt at first has designed its sodium-ion cell primarily for energy storage, subsequent generations of the technology delivering higher energy density could open up opportunities for electric mobility as well. Recharge | Latest renewable energy news
• The UK government auction secured a record 11 gigawatts of new renewable energy capacity that will generate electricity nine times cheaper than current gas prices. GreenMatch.co.uk
• Octopus Energy Generation plans to invest $20 billion in offshore wind globally by 2030, aiming to boost energy security and reduce dependence on fossil fuels. MarketScreener
• AU$19 million will be used to target AI-driven solutions for areas including food security and quality, health and wellbeing, sustainable energy and resources, resilient and valuable environments, and Australian and regional security. ZDNet
• By switching off fossil fuels at the current time we risk energy instability, so every effort must now be made to find reliable low-carbon energy and effective energy storage to keep the lights on throughout the year. AOL
• In 2023, a total investment of approximately USD 1.7 trillion is expected across various sectors under the clean energy umbrella, encompassing renewable energy, nuclear, grids, energy storage, low-emission fuels, efficiency enhancements, and electrification. SpringerLink
• Replace natural gas peakers with energy storage for peak demand management: The power sector has a significant opportunity to replace fossil-fuel peaker plants with ESSs to enhance flexibility and improve system performance. Deloitte Insights
• Energy storage systems (ESSs) used within nano-grids have the potential to enhance energy utilization, fortify resilience, and promote sustainable practices by effectively storing surplus energy. MDPI
• Solar Energy UK has criticised the newly-released Battery Strategy for paying insufficient attention to opportunities presented by battery energy storage systems. Solar Media Limited
• Xlinks plans to develop a solar / wind energy project in Morocco that would transmit electricity to the UK through ultra-long distance HDVC subsea cables, coupled with battery energy storage. Offshore
• Sodium - found in rock salts and brines around the globe - has the potential to make inroads into energy storage and electric vehicles because it's cheaper and far more abundant than lithium, which currently dominates batteries. financialpost
• Global demand for lithium, a lightweight metal used in electric vehicles, mobile phones and energy storage systems, is expected to increase fortyfold from 2020 to 2040, as the world moves away from fossil fuels and toward renewable sources of energy to mitigate climate change. Inside Climate News
• The IBS Center's research will pave the way for the development of various chloride-based solid electrolytes and further drive the commercialization of solid-state batteries, promising improved affordability and safety in energy storage. Tech Xplore
• The government of India, cognisant of the importance of storage, released the National Framework for Promoting Energy Storage Systems indicating plans to install 230 GW of batteries by 2047. ThePrint

Last updated: 11 February 2024