Lithium prices have skyrocketed during recent years due to the growing global demand for lithium-ion batteries. In 2018, lithium prices surged by 45%, or to USD 16,500 per ton year-over-year as the demand began to outpace the supply. Lithium-ion batteries are being used within various applications such as electric vehicles (EV), portable consumer electronics, and grid energy storage systems, to name a few. The batteries are commonly used in applications that require lightweight and high-energy density solutions as lithium-ion batteries are much more compact when compared to traditional batteries. They also boast a higher energy density per weight than traditional batteries. Additionally,…
Author: @WoRenewables
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The “Photovoltaic (PV) Inverter Market – Forecasts from 2019 to 2024” report has been added to ResearchAndMarkets.com’s offering. The photovoltaic (PV) inverter market is projected to grow at a CAGR of 10.45% to reach US$12.804 billion by 2024, from US$7.052 billion in 2018. Growing focus towards environmental sustainability and clean energy is significantly driving the demand for PV inverters worldwide. Favorable government policies and initiatives to promote renewable energy is also boosting the growth of PV inverter market. Declining cost of components has also escalated the solar PV installations, thus positively impacting the growth of PV inverter market. Stringent government regulations in regions like North America and Europe regarding CHG emissions will continue…
Trina Solar, a leading global total solutions provider for solar energy, announced its four new series of modules, to meet the diversified needs of PV applications in multiple scenarios. By using innovative integrated technologies, the maximal output of new series of modules has been 415 watt (415W) in mass production, representing the successful commercialization of high-output modules. The four new series of modules include Honey, TALLMAX in high efficiency series, DUOMAX in dual-glass series, DUOMAX Twin in double-side series, and Honey black M in aesthetics series,. The high efficiency series can be used in multiple application scenarios like utility scale ground…
STOCKHOLM, March 22, 2019 /PRNewswire/ — The need came from Ahlstrom-Munksjö customers, who are trying to tackle the challenge of the ever-increasing size of wind turbine blades. While blades become longer, also the thickness of laminates gets higher. Ahlstrom-Munksjö glass and carbon fiber composite team was able to develop a carbon fiber based unidirectional fabric. In a unidirectional (UD) fabric the majority of fibers run in one direction only. The new fabric developed, can be laminated to 165 layers or even more in one shot. The previous record of infusing carbon fiber unidirectional fabric was 120 layers. “We are really…
The company’s full-year shipments were at the upper end of its guidance for 2018. It posted net revenue of $3.74 billion for the year to the end of December, up roughly 10.3% year on year. In the fourth quarter, it recorded net income of $111.6 million, on net revenue of $901 million, up 17.3% from the preceding three-month period. It shipped 1.95 GW of PV modules in the three months to the end of December 2018, from 1.59 GW in the third quarter, hitting the upper end of its quarterly guidance. In the October-December period, it finalized the sale of 470…
March 20, 2019 — HOUSTON — Pason Power, a provider of adaptive intelligent software for energy assets, and Chint Power Systems (CPS), a market leading manufacturer of solar and energy storage power conversion equipment, announced today that CPS has chosen Pason Power’s software to be integrated into its Energy Storage System as the exclusive platform for commercial and industrial (C&I) customers. According to Navigant Research, C&I energy storage annual capacity deployments are forecasted to grow from 732 MW globally in 2019 to 10,861 MW in 2027. The integrated energy storage solution fosters a simplified, single-source procurement process for customers rather than having…
NEC Energy Solutions has installed the largest battery system in Switzerland. The 18MW/7.5MWh installation is owned and operated by the country’s largest power distribution firm Elektrizitätswerke des Kantons Zürich (EKZ) and being used for primary frequency reserve. NEC has installed its Grid Storage Solution, which it says could also provide other ancillary services as EKZ sees fit. “Battery storage is a vital part of future energy supply,” said Marina González Vayá, storage specialist at EKZ. “The now-completed storage system contributes to the stability of continental Europe’s power grid.” The new storage system is sited next to an existing substation in Volketswil…
Energy storage in the United States is expected to triple in 2019 according to Climate Action. That makes for a great headline, but what does it mean? Let’s begin by defining what energy storage is and why it’s important. Types Of Energy Storage Electricity is an enigma. We know what it can do, we know how to make it, we know how to control it, but there is not one person living today who can tell us what it is. Some scientists think it is a wave, some think it is made up of tiny particles, some think it is both. What…
The alternative investment specialist Aquila Capital has acquired a portfolio of project rights for renewable energy projects in Spain with a total capacity of more than 700 MW. It consists of over 400 MW of onshore wind projects and around 300 MW of solar projects, construction of which is expected to commence by the end of 2019 with grid connection expected by 2021. Based on the very favourable local conditions and the strong decrease of technology costs over recent years, renewable energies in Spain can be operated profitably independent of state subsidies. In order to secure project revenues, Aquila Capital…
The Spanish utility company, Iberdrola, has began work on a 500MW solar photovoltaic (PV) power plant. The Núñez de Balboa plant is located in Badajoz, Spain, and mark’s the company’s first solar PV plant on the continent, CNBC reported. A 1,000-hectare site will host the farm, which will feature 1.5mn panels. The project is expected to cost around €300mn (US$340mn) to develop. “As costs have come down, and technology has matured, it is clear that solar is going to be a pivotal technology in the energy transition,” stated Ignacio Galan, Chairman of Iberdrola. “Our extensive experience in developing renewable energy…
