China's Geo-Jade won a bid to develop Zurbatiya block in Wasit province in central Iraq. It initially asked for 12.65 per cent of the net profit, but later accepted the Oil Ministry's offer of 7.65 per cent. The block has oil potential. Geo-Jade also won rights to develop Jabal Sanam block in Basra province with oil potential.
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In the first half of 2023, China's new energy storage continued to develop at a high speed, with 850 projects (including planning, under construction and commissioned projects), more than twice that of the same period last year. The newly commissioned scale is 8.0GW/16.7GWh, higher than the new scale level last year (7.3GW/15.9GWh).
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China's installed new-type energy storage capacity had reached 44.44 gigawatts by of the end of June, expanding 40 percent compared with the end of last year, the National Energy Administration (NEA) said on Wednesday. Lithium-ion batteries accounted for 97 percent of China's new-type energy storage capacity at the end of June, the NEA added.
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China's first large-scale sodium-ion battery energy storage station officially commenced operations on Saturday. The station will help improve peak energy management and foster widespread adoption of clean energy, marking a significant advancement in China's use of clean and renewable energy.
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For new energy storage stations with an installed capacity of 1 MW and above, a subsidy of no more than 0.3 yuan/kWh will be given to investors based on the amount of discharge electricity from the next month after grid connection and operation, and the subsidy will not last for more than 2 years.
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The top 5 companies shipping the most in 2023 remained CATL, BYD, EVE Energy, REPT BATTERO, and Hithium. CATL led with shipments exceeding 70 GWh. BYD and EVE Energy followed closely each with shipments of over 25 GWh, while REPT BATTERO and Hithium each ranked fourth and fifth with shipments of over 15 GWh.
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Hydropower – including pumped storage – is expected to remain the world’s largest source of renewable electricity generation, according to the International Energy Agency. It uses the motion of water to generate electricity and plays a "critical" role, the IEA says, in decarbonising the power system.
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To develop utility-scale electricity storage facilities, the Italian Government set up a scheme that was approved by the European Commission at the end of 2023. Italy will promote investments in utility scale electricity storage to reach at least 70 GWh, and worth over Euro 17 bn, in the next ten years.
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According to TrendForce's estimates, the surge in demand for large-scale commercial and industrial energy storage in 2024 is set to fuel substantial growth in the global energy storage sector. In terms of installation increments, both domestic and international markets are poised to experience a surge in demand.
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This AI-derived material, which at the moment is simply called N2116, is a solid-state electrolyte that has been tested by scientists who took it from a raw material to a working prototype. It has the potential to be a sustainable energy storage solution because solid-state batteries are safer than traditional liquid or gel-like lithium.
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The Report Covers Global Energy Storage Systems Market Growth & Analysis and it is Segmented by Type (Batteries, Pumped-storage Hydroelectricity (PSH), Thermal Energy Storage (TES), Flywheel Energy Storage (FES), and Others), Application (Residential, Commercial and Industrial), and Geography (North America (Untied States, Canada, and Rest of .
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Doha: The Qatar General Electricity and Water Corporation (Kahramaa) launched the first pilot project to store electrical energy using batteries in the State of Qatar, in cooperation with Al Attiyah Group and Tesla Incorporation, where the batteries were connected to a substation related to the local Nuaija station on a voltage of 11 kV, which is controlled by the control center of the electrical distribution network.
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The Santiago Pumped Storage Project, which will be located in Chã Gonçalves, in the municipality of Ribeira Grande de Santiago and will cost around 60 million euros, promises to significantly increase energy storage capacity, thus making it possible to increase the country's electricity production capacity.
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通过对某省级电网历史数据进行仿真验证，证明该模型在减少火电机组频繁启停、提升调峰经济性方面发挥着积极作用，促进未来新型电力系统的经济性和安全性运行。. In order to achieve the strategic goals of "carbon peak" and "carbon neutral", China's power grid will gradually be built .
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CAIRO - 3 December 2023: Norway's Scatec and the Egyptian Electricity Holding Company (EEHC) have signed a cooperation agreement for the first a solar and battery storage project in Egypt. The project envisions the development of a 1-gigawatt (GW) solar plant and a 200 megawatt-hour (MWh) battery storage facility.
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The technology is called Onshore Power Supply (OPS) and will allow ships at berth to be supplied with renewable energy. The shipping company UECC will be the first company to benefit from the new electricity supply point to reduce the environmental and acoustic impact of the activity of its ships in the port.
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In order to address the challenges in the metropolitan region, the energy company Stockholm Exergi and the power operator Polar Capacity are joining forces to build large-scale battery parks with a combined capacity of at least 100 MW. The first facility, with a capacity of 20 MW, is set to be completed by 2023.
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The IRA enacted the long-sought investment tax credit (ITC) under Section 48 of the Internal Revenue Code (Code) for standalone energy storage facilities. It also enacted a new “advanced manufacturing” production tax credit (PTC) under Section 45X of the Code applicable to the US-based production of a variety of clean tech equipment and .
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Lebanon aims to reach its 50% green energy target by 20301. To achieve this, the country can:Build around 6 GW of wind and solar plants1.Leverage clean pumped hydro-storage1.Integrate battery storage1.Sell excess electricity to Syria1.Substantially decarbonize its energy sourcing by utilizing solar, wind, hydro, and pumped hydro storage2.
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Calibrant Energy this month completed a 100% acquisition of Enel X Storage LLC, the DES business from Enel X North America Inc., for an undisclosed amount. Per the company, Calibrant now takes over Enel’s more than 330 MWh of behind-the-meter battery energy storage projects (BESS) already in operation or under construction across North America.
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