LG Energy Solution Vertech, Inc.’s Post

The world shipped 196.7 GWh of energy-storage cells in 2023, with utility-scale and C&I energy storage projects accounting for 168.5 GWh and 28.1 GWh, respectively, according to the Global Lithium-Ion Battery Supply Chain Database of InfoLink. The energy storage market underperformed expectations in Q4, resulting in a weak peak season with only a 1.3% quarter-on-quarter growth. #energy #energystorage #battery #energystoargesystem #energymarket #energyreport

"As one of the main enabling technologies for accelerating the adoption of variable renewables, any technological breakthroughs in battery storage hold vast potential to accelerate the transition to lower carbon energy systems." – Remeredzai Joseph Kuhudzai for CleanTechnica This recent CleanTechnica article gives a great overview of the benefits of module- and cell-level battery energy converters. When it comes to CBMI (cell-level battery management inverters), we were thrilled to see portfolio company Relectrify named as one of the "two firms leading this even deeper technological advancement." Click through to read the whole article ⬇️ #CBMI #BatteryManagement #EnergyTransition

In Conversation: How cheap can battery storage get? Rapidly declining battery energy storage prices are on everyone’s lips, but rare are the ones who can say for how long costs can stay on a downward trajectory. pv magazine ESS News sat down with Taipei-based InfoLink Spot Price Updates to hear their take on the market developments. #energystorage #batterystorage #renewables #technology

Fluence last week announced that it had surpassed 20 GWh of deployed and contracted #energystoragesystems globally, hailing the achievement as an "industry-leading milestone" that marked "a new era of scale in #battery-based #energystorage installations". Read more @ https://lnkd.in/gie-YrDk #fluence #cleanenergy #renewables #gridintegration #gridreliability #gridresilience #emergingtechnologies

This is how Convergent Energy and Power utilizes battery systems to participate in an ancillary service called Frequency Regulation in PJM. Stabilizes the electric grid and generates value for our customers. #batteryenergystorage #battery #electricgrid #PJM #batterystorage #energystorage #renewableenergy #cleanenergy #greenenergy #sustainableenergy #gridstorage #energyefficiency #smartgrid #batterytechnology #energyinnovation #renewables #climateaction #sustainability #energytransition

The electric revolution is underway, bringing significant changes to energy markets. ⚡ 🔗 Learn about the opportunities and challenges it presents in our latest blog post: https://hubs.la/Q02s3nHf0 #EnergyTransition #Renewables #Electricity

Top 5 Battery Energy Storage Systems (BESS) Manufacturing Companies (in no particular order). These companies have made their mark in the Energy Industry. #BESS #EnergyStorage #PrimeTek #Renewables #SolarEnergy #InnovativeSolutions

Please see my colleague Mel Mahon's take on the key issues that DESNZ's long-awaited consultation on long duration storage needs to address. The future electricity system has a critical need for +6 hour storage beyond pumped hydro, but bringing other technological solutions to market is difficult and will require a new revenue model (or at least a variation of an existing model). But what model? This is the time for the market to engage and influence the optimum outcome!! #energystorage #longdurationstorage #energyinfrastructure #renewableenergy

See my fuller take on DESNZ's long-awaited consultation about how to ensure that GB gets the long duration energy storage that it will need in order to meet its grid-decarbonisation ambitions. #energystorage #renewableenergy #renewables

Massive amounts of vertical PV may reshape European energy market: A group of scientists led by the Joint Research Centre (JRC) of the European Commission has analyzed the impact of deploying more vertical PV systems in the European energy markets and has identified potential advantages that may be offered by this scenario. These include lower electricity prices, lower system costs, and an increasing power exchange between neighboring countries. #Renewables #Energy #Technology