Energy storage systems market ‘to reach $500bn by 2025’

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

Repairable and upgradable battery charges onto the market

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

Western Power Distribution and Anesco sign Demand Side Management Agreement

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

Solar energy storage market ‘to surpass annual installation rate of 3GW by 2025’

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

EU’s ‘first zinc hybrid battery system’ to be tested under UK conditions

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

Siemens Gamesa launches volcanic rock energy storage site

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

Gravity storage
Concrete giant CEMEX invests in gravity storage tech

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

Lithium-ion battery units
Global battery storage market ‘to be worth more than $13bn by 2023’

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

New York
New York State unveils $280m for battery storage projects

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

Phone on fire
Can wonder material graphene extinguish explosive battery fires?

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