storage

A new report from Global Market Insights predicts the sector will grow at a compound annual growth rate of more than 6% over the next several years

Battery developer Aceleron says its devices can be repaired, upgraded, reused and recycled, unlike most batteries which are thrown away when one component fails

The deal is thought to be among of the first of its kind signed in the UK

Market research firm Global Market Insights notes in 2018, the combined battery and solar energy market was worth more than $170 million

Bryt Energy, along with Eos Energy Storage and Connected Energy, claim it could become the lowest-cost battery in the sector

The firm’s new facility in Hamburg-Altenwerder, Germany, can store 130MWh of energy for up to one week

CEMEX’s venture capital arm has invested an undisclosed sum in Energy Vault, which uses concrete block towers to store renewable power

GlobalData expects to see the sector grow by 7% globally over the next four years

The state has a target to deploy 3GW of energy storage deployment target by 2030

Researchers from the University of Illinois at Chicago College of Engineering suggest it can