ORLEN has unveiled its Sustainable Development Strategy for the period 2024-2030. This comprehensive strategy encompasses various initiatives, including the Just Transition Program, specifically tailored to support communities in regions undergoing transformation. The document delineates the organization’s approach and objectives regarding…
The European Commission has given its approval for a support initiative aimed at funding extensive energy storage projects in Italy. These projects are intended to have a capacity exceeding 9 gigawatts (GW) and a storage capacity of 71 gigawatt-hours (GWh).…
Eastern Europe currently falls behind other regions in electricity storage development. Silvestros Vlachopoulos and Jon Ferris of LCP Delta predict a forthcoming shift, pointing to Poland emerging as the leader in this transformation. As renewable energy costs drop and the…
The COP28 saw 11 countries unite in a global consortium with the goal of introducing energy storage solutions in underdeveloped and medium-developed nations. This multilateral effort has set an ambitious target of developing projects amounting to 5 GW of capacity.…
Pacific Northwest National Laboratory (PNNL) and technology provider Invinity Energy Systems have initiated a project to construct and test a vanadium redox flow battery capable of 24-hour discharge. At the PNNL Richland campus in Washington State, USA, a vanadium redox…
A study conducted by the National Renewable Energy Laboratory (NREL) of the U.S. Department of Energy revealed that solar energy systems, when paired with long-duration energy storage (LDES), surpass military-grade emergency diesel generators (EDGs) in terms of both resilience and…
Siemens Energy has initiated an innovative energy storage project in Shannonbridge, Ireland, with a value exceeding EUR 85 million. In addition to its primary function of storing and supplying energy to the grid, the system will incorporate a synchronous capacitor…
Volvo Car Group plans to create a joint venture with the prominent Swedish battery company Northvolt. The aim is to design and manufacture eco-friendly batteries for the next generation of Volvo and Polestar electric vehicles. The first phase of the…
According to the American Clean Power (ACP), there has been a remarkable increase in the installation of large-scale battery energy storage systems (BESS) in the US in the first three quarters of 2023. In fact, the total capacity of these…
Energy Vault has initiated the construction of an energy storage tower that harnesses gravity for its operations. This project, boasting a capacity of 25 MW and 100 MWh, is being established on a wind farm located close to Shanghai and…