Energy storage research post 2024 new equipment

Is 2020 the 'decade of energy storage'?

The Battery Report refers to the 2020s as the “Decade of Energy Storage”, and it’s not difficult to see why. With falling costs, larger installations, and a global push for cleaner energy which has led to increased investments, the growth of Battery Energy Storage Systems is surpassing even the most optimistic of expectations.

How did energy storage grow in 2022 & 2023?

The US utility-scale storage sector saw tremendous growth over 2022 and 2023. The volume of energy storage installations in the United States in 2022 totaled 11,976 megawatt hours (MWh)—a figure surpassed in the first three quarters of 2023 when installations hit 13,518 MWh by cumulative volume.

Will energy storage projects come online in 2025?

Some 880MW/1,809MWh of energy storage projects were granted contracts in the PERTE tender in December 2023. The bulk will come online in 2025, reflected in LCP’s data, which shows 1.7GW/4.1GWh coming online that year.

What is the fastest growing energy technology in 2024?

Described by The Economist as the “fastest-growing energy technology” of 2024, BESS is playing an increasingly critical role in global energy infrastructure. What happened in 2024? Battery Energy Storage Systems are essentially large-scale rechargeable battery devices, which allow energy to be stored and then released when needed.

What are the emerging technologies for energy storage?

There are a range of emerging technologies including sodium-ion (Na-ion), hydrogen, and long-duration energy storage (LDES) that have significant potential. Na-ion batteries, for instance, offer a reduced environ-mental impact and safety benefits relative to lithium.

Which Bess systems are highlighted in the 2024 battery report?

Two interesting BESS systems highlighted in the 2024 Battery Report are Virtual Power Plants (VPPs) and Vehicle-to-Grid (V2G). A VPP involves the coordinated charge or discharge of stationary energy storage assets to act as a larger BESS asset on the grid.