NewEnergyNews: Energy Storage To Drive New Energy Expansion

NewEnergyNews

Gleanings from the web and the world, condensed for convenience, illustrated for enlightenment, arranged for impact...

The challenge now: To make every day Earth Day.

YESTERDAY

  • Monday Study – The Policy Debates Over Solar Go On
  • THE DAY BEFORE

  • Weekend Video: Insurrectionists, Mask Burners And Climate Crisis Deniers
  • Weekend Video: The Situation Right Now
  • Weekend Video: Corporate Powers Support Biden New Energy Plan
  • THE DAY BEFORE THE DAY BEFORE

  • FRIDAY WORLD HEADLINE-Net Zero Emissions And The Climate Crisis
  • FRIDAY WORLD HEADLINE-World’s Standard-Setting Green Cities
  • THE DAY BEFORE THAT

    THINGS-TO-THINK-ABOUT WEDNESDAY, May 5:

  • TTTA Wednesday-ORIGINAL REPORTING: Hawaii PBR Would Change Entrenched Power System Business Model
  • TTTA Wednesday-Efforts In Grid Modernization Leap Ahead
  • THE LAST DAY UP HERE

  • Monday Study: Getting All The Way To New Energy
  • --------------------------

    --------------------------

    Founding Editor Herman K. Trabish

    --------------------------

    --------------------------

    Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

    -------------------

    -------------------

      A tip of the NewEnergyNews cap to Phillip Garcia for crucial assistance in the design implementation of this site. Thanks, Phillip.

    -------------------

    Pay a visit to the HARRY BOYKOFF page at Basketball Reference, sponsored by NewEnergyNews and Oil In Their Blood.

  • ---------------
  • THINGS-TO-THINK-ABOUT WEDNESDAY, May 12:
  • ORIGINAL REPORTING: Reaching California’s Zero Emissions Goals
  • The Transportation Policy Battleground Right Now

    Friday, April 23, 2021

    Energy Storage To Drive New Energy Expansion

    Energy Storage Is Now Booming As The World Moves Faster To Renewable Energy

    Matt Bohlsen, April 12, 2021 (Seeking Alpha)

    “…Energy storage adoption is already rapidly accelerating in the USA, up 182% QoQ in Q4 2020. Looking out further, BloombergNEF (BNEF) forecasts a 122x increase in global energy storage from 2018 to 2040…[and] that utility scale energy storage will be the dominant sector, meaning the utility companies that supply grid scale electricity, rather than behind-the-meter residential energy storage. If correct, this means utility energy storage is the area of greatest growth potential…

    …Apart from dams, the most common form of energy storage is using batteries. The most common form of battery by far, for now, is lithium-ion; however, other types such as vanadium redox flow [VRFB], zinc flow and other methods (compressed air, flywheel, thermal, gravitational) also have potential….Demand for USA energy storage increased nearly 182% QoQ in Q4 2020, boosted by demand from utility scale installations…[It will] benefit from the accelerated move towards renewable energy…[which] need energy storage back up to perform at their best…

    Lithium-ion battery costs are falling the fastest due to their need in electric vehicles. Rapid scaling of new gigafactories is leading to falling battery costs at about 18% pa. Lithium-ion batteries have a price advantage over most competitors due to current economies of scale from large scale global production…Battery-pack prices have fallen 18% for every doubling of cumulative manufactured volume…[That is expected to continue] for at least the next 10 years…[and] lead to battery-pack prices of $93/kWh by 2024 and $61/kWh by 2030…[Vanadium redox flow batteries are also expected to scaleand] drop in price…

    …The BNEF New Energy Outlook 2020 forecasts global capacity almost triples and renewables go from 35% in 2019] to 68% in 2050…while fossil-fuel capacity drops from 56% to] just 24%...[with an average $486 billion annual investment in new generation totaling $15.1 trillion by 2050 and] $11 trillion, or 73%, goes to renewables…” click here for more

    0 Comments:

    Post a Comment

    << Home