[SMM Analysis] In September 2024, the total scale of winning bids for energy storage projects was 5.2GW/11.2GWh, down 58.5% month-on-month from August. The proportion of energy storage on the source and grid side accounted for 99%. The winning volume of energy storage systems was 2.01GW/4.34GWh, with the highest proportion being 0.5C rate.
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Here are four innovative ways we can store renewable energy without batteries. Giant bricks are not what most people think of when they hear the words “energy storage”, but they are a key element of a gravity-based system that could help the world manage an increasing dependence on renewable electricity generation.
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