Quidnet Energy, ENBW, and Peak Energy have energy storage projects in the works in the U.S. and Europe. Google has partnered with Energy Dome to scale long-duration carbon dioxide battery storage to advance its carbon-free goals. Tesla’s $3.4 billion battery project with LG Energy leads tech business news this week, along with moves by Toshiba,
Navitas, Toshiba, Porsche, ChargePoint, Richardson Electronics, and Landis+Gyr have made notable shifts in leaders, strategies, partners, and Quidnet Energy, ENBW, and Peak Energy have energy storage projects in the works in the U.S. and Europe.
Mainland China accounts for most of the global energy storage demand, driven in the near term by regional requirements for new utility-scale wind and solar projects to include energy storage capacity. However, the Chinese market is entering an era of change.
According to the International Energy Agency (IEA), to meet the increasing global energy demand, storage capacity must expand to 1,500 gigawatts (GW) by 2030. It also projects that 90% of this should come from batteries alone. However, current trends in the energy storage industry are creating a different picture.
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