From Just Have a Think.
China is often held up as leading the way in renewable energy, but it’s actually the USA that has most enthusiastically embraced battery energy storage to help stabilize the electricity grid, and in some surprising locations. But is it all about the noble effort of decarbonisation or are we seeing some market profiteering here?
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Research Links
Batteries vs Pumped Hydro
Battery storage is about to overtake global capacity of pumped hydro
Tierra Climate
https://www.tierraclimate.com/
https://static1.squarespace.com/static/63fbf45fc81e1561941b21e1/t/667ec675499eb6410e2534fe/1719584374969/Tierra+Climate+-+Supercharging+Battery+Economics%2C+Shrinking+Emissions+Study.pdf
Europe Grid Storage
Europe installed 10GW of energy storage in 2023, EU policies to drive major growth this decade
EU Battery sourcing benefits
European Made Batteries Could Be 60% Less Carbon Intensive Than Chinese — Analysis
Cushman and Wakefield – China battery energy storage
https://www.cushmanwakefield.com/en/greater-china/insights/china-battery-energy-storage-system-report-2024
Australia battery energy storage
Australia installed 2.5GWh of battery storage in record-breaking ‘Year of the Big Battery’
Bloomberg NEF
https://about.bnef.com/blog/lithium-ion-battery-pack-prices-hit-record-low-of-139-kwh/
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