Market / Industry / Europ

Energy storage could emerge as the hottest market of 2022

Posted On: May 17, 2022   |   Posted By: RT

Energy storage could emerge as the hottest market of 2022

The battery storage industry is getting billions poured into gigafactories, with new projects popping up left and right
A few years ago, battery energy storage began drawing attention as what one industry executive at the time called the Holy Grail of renewable energy. In the years since, EVs have stolen the spotlight but now battery storage is back, larger than life and, quite likely, twice as expensive.
The ongoing energy crunch in Europe is one good illustration of why, if we are going down the renewable energy path, we need to build battery storage - and a lot of it. One cause of the crunch, admitted unwillingly but still admitted, was lower than usual wind power output. With storage, at least some of that output might have been stored for later use.
The Financial Times reported this month that the battery storage industry is getting billions poured into gigafactories, where battery cells for electric vehicles and storage installations are made. According to the report, energy storage companies...

Continue reading ...

 








Josh Shapiro says he's tested positive for COVID-19

Josh Shapiro says he's tested positive for COVID-19

Josh Shapiro, Pennsylvania's attorney general and a Democratic candidate for governor, announced a positive test for COVID-19 on the morning of the Pennsylvania primary. Read more ...

Is Celtics' Marcus Smart playing tonight vs. Heat? Guard's injury status for...

Is Celtics' Marcus Smart playing tonight vs. Heat? Guard's injury status for Game 1 of 2022 NBA Playoffs

Here's the status of Boston's starting guard Marcus Smart, who is dealing with a foot injury. Read more ...

You can order another batch of free COVID tests from the federal government...

You can order another batch of free COVID tests from the federal government: Here's how

Searching for more at-home COVID tests? You can now order a third round of free tests from the federal government. The program initially opened in January , allowing each... Read more ...

Solar flares: What are they and how do they affect Earth?

Solar flares: What are they and how do they affect Earth?

There are five different types of solar flares. Discover what solar flares are, what causes them and the effects they have on Earth in our solar flare guide. Read more ...

PHT Morning Skate: Point ‘highly doubtful' for Game 1; Second Round officials

Tuesday's collection of links. Read more ...

Nets GM Defends Ben Simmons amid Injury: 'We Saw How He Wanted to Get Out There'

Brooklyn Nets general manager Sean Marks said point guard Ben Simmons made every effort to return from a back injury before the team was eliminated from the... Read more ...

WWE Rumors on Sasha Banks, Naomi, Vince McMahon, Money in the Bank; Cody...

Bleacher Report catches you up on the latest news from the WWE Universe. Latest Details on Sasha Banks and Naomi Leaving Raw Sasha Banks and Naomi were... Read more ...

Snapchat CEO Evan Spiegel and wife Miranda Kerr pay student loans for entire...

No sooner had Snapchat co-founder and CEO Evan Spiegel and his wife, model and makeup mogul Miranda Kerr, received honorary degrees at the Otis College of Art and Design in Los... Read more ...

‘Cyberpunk 2077 Edgerunners' Still Exists, Gets A Preview Date

No one was really sure what happened to Cyberpunk: Edgerunners, the anime series based on Cyberpunk 2077 that was supposed to be on Netflix and take place in the world of the... Read more ...

A dermatologist shares the 10 best body oils for every skin type in 2022

A dermatologist shares the 10 best body oils for every skin type in 2022

It's magic in a bottle for hydrated, glowy skin this summer. Read more ...