TROES’ Post

According to recent reports from the International Energy Agency (IEA) and BloombergNEF, battery storage emerged as the top investment choice in the energy sector for 2023.    This outlook mirrors the trajectory of TROES. With a steadfast focus on comprehensive BESS solutions, TROES remains dedicated to advancing the transition towards sustainable energy. 

Our latest Energy Storage System (ESS) Price Forecasting Report highlights the downward trend in China ESS prices, driven by declining raw material costs, intensified competition, and technological innovation.     Notably, China’s energy storage market is experiencing rapid growth, with 17,000 domestic energy storage-related companies registered in Q1 2024. ⁠The core driver of this proliferation is that most Chinese provinces mandate that wind and solar projects be paired with BESS to accommodate increasing levels of intermittent renewable energy.    Clean Energy Associates' ESS Price Forecasting Report offers a four-year cost and pricing outlook for Lithium Iron Phosphate (LFP) and Nickel Manganese Cobalt (NMC) battery containerized systems. It includes forecasts for battery cell, DC container, and lithium prices, comprehensive market analysis and data-driven accuracy through proprietary methodologies backed by CEA expertise.    Explore the free report sample by clicking the link in our comment section ⬇️ 🔗.    #EnergyStorage #RenewableEnergy #BESS #ChinaEnergyMarket #CleanEnergy #ESSReport

🥇 Top ranking for Corre Energy and CAES in S&P report S&P Global Commodity Insights – the foremost authority on global energy and commodity markets – has revealed its top alternatives to lithium battery technology and the leading players. While no surprise to us, we are thrilled they recognise Compressed Air Energy Storage (CAES) as the biggest alternative with its long duration capability. And we’re equally delighted S&P Global Commodity Insights have ranked Corre Energy as the top non-lithium storage provider globally. “Technologies that already have a proven project track record and can leverage component supply from adjacent industries are best placed to scale production and de-risk financing” says the report. A short summary of the findings can be found in the below link, with clients of S&P Global Commodity Insights able to access the full report. https://lnkd.in/exVBCuRU #globalenergy #energystorage #cleanenergy #renewables

Li-Ion #Batteries To Face Competition From Long-Duration #Storage: Report Global energy research body BloombergNEF Research recently released a report analyzing the Long-Duration Energy Storage (LDES) growth and compared its efficacy with the popular #Lithium-ion batteries.

Just to make sure you are not missing this: a first larger sodium-ion #battery project is expected to be completed this year in China (50MW/MWh). -Construction of project already started in Qianjiang. -Would be by far the largest BESS project online using this technology (let me know if you are aware of something bigger). -This underscores the rapid development of sodium-ion on its way to becoming a serious contender for lithium-ion's close-to-absolute dominance in the stationary segment today. -Main reason is that, with improving properties such as energy density and cycle life, it has the potential to be used in (entry level) #electricvehicles as well, allowing for tapping into mass production and economies of scale. Providing relief on lithium shortages is another benefit. #alternativeenergy #sustainability #energy #energytransition #batteries #energystorage #battery #flexibility #renewableenergy #renewables

Photovoltaic Hydrogen Production Market 2024-2030 Get Sample PDF Here>>>https://lnkd.in/dP7JHnQG The Photovoltaic Hydrogen Production Market refers to the segment of the renewable energy industry that focuses on using photovoltaic (PV) solar technology to produce hydrogen through a process called "water electrolysis." This market is at the intersection of two key clean energy technologies: solar power generation and hydrogen production. It is driven by the need for sustainable and clean energy solutions to reduce carbon emissions and address energy storage challenges. #KeyPlayers::: Toyota (Japan), Toshiba (Japan), Siemens (Germany), Fusion Fuel Green Plc (Ireland), NextEra Energy, Inc. (United States), Austrom Hydrogen Pty Ltd (Australia), Iberdrola (Spain), China Huadian Corporation (China), Sungrow Power Supply Co., Ltd. (China), China Datang Corporation (China), LONGi Green Energy Technology Co. Ltd. (China). Photovoltaic Hydrogen Production Market Segmentation By Type: Below 10MW 10-100MW Above 100MW By Application: Fuel Cell Petroleum and Chemical Metal Smelting Others   Photovoltaic Hydrogen Production Market by Region/Country: North America Europe China Japan Southeast Asia India Central & South America Other Get Discount>>>https://lnkd.in/dr9GbzWJ #PhotovoltaicHydrogenProductionMarket #PhotovoltaicHydrogenProduction #HydrogenProduction #Photovoltaic #energy #energyindustry 

Li-ion batteries remain the dominant electrochemical energy storage technology in the global market. In their new market report, IDTechEx estimates that in 2023 alone, 92.3 GWh of Li-ion BESS (battery energy storage system) was deployed globally across market sectors, including grid-scale, commercial and industrial (C&I), and residential battery storage markets.

Exciting times ahead in the Energy Storage industry: "Lithium-ion is on the “brink of innovation”, and despite some recent cost pressures from supply chain challenges, it forecasts the cost of utility-scale Li-ion battery energy storage system (BESS) technology to fall below US$200/kWh by 2030 and as low as around US$130/kWh by 2050. LDES technologies, and vanadium redox flow batteries (VRFBs) in particular, to “appear promising for 8- to 24-hour applications” with potential cost advantages over Li-ion." https://lnkd.in/g94RV8Sd

Recently, went through this #BloombergNEF research blog post where it underscores the #potential of Long Duration Energy Storage (#LDES) #technologies to become a significant contender in the energy storage market, particularly for applications requiring storage over longer periods. There is a growing global interest in LDES as it begins to out-compete #lithium-ion #batteries in some markets, especially as #decarbonization efforts intensify. #Energy #transition #Lithium #Batteries #LDES

Key energy storage market player Australian Vanadium Limited (ASX:AVL, OTCQB:ATVVF) has kicked off operations at its new #vanadium electrolyte manufacturing facility in Western Australia, signalling its intention to be a leading provider of #CriticalMaterials for the energy transition era. The facility recently produced its first batch of battery-ready high-purity vanadium electrolyte, meeting the stringent specifications required for vanadium flow batteries (VFBs), known for their long life cycle and high energy storage capacity and essential for large-scale energy storage systems. These batteries are ideal for stabilising electrical grids and enhancing renewable energy efficiency. AVL's achievement is a step forward in the production of vanadium electrolyte, which is critical for VFBs. More at #Proactive #ProactiveInvestors #ASX #OTCQB #AVL #ATVVF #VRB #BatteryMetals http://ow.ly/nlmz105mt8g