Global Climate News

InfoLink reports record battery shipments of 202.3 GWh in first three quarters of 2024, with CATL leading the market. Commercial-scale storage dominates with 180 GWh shipments.

SolarEdge has announced closure of its utility-scale energy storage division and Sella 2 battery manufacturing facility in South Korea, cutting 500 jobs while maintaining residential and C&I storage solutions.

Scientists at Goethe University in Germany are researching molecular solar thermal energy storage using synthetic molecules. Project runs 2023-2027 with €4.8M funding from German Research Foundation.

Researchers at Jilin University have developed a stretchable, self-healing lithium-ion battery using polymer molecules with imine bonds, demonstrating potential for wearable electronics applications.

Sunlit Solar has launched EV3600 bidirectional inverter for storage systems, enabling charging from grid power during low electricity prices and solar carport EV charging capabilities.

Comunidad de Regantes Las Galletas has planned a 1.75 MW solar plant with storage in Arona, Tenerife to reduce desalination plant energy consumption by 50%. Project costs €3.22M with €1.45M EU funding.

SolarEdge has announced closure of its utility-scale energy storage division, cutting 500 jobs mainly in South Korea, while maintaining residential and commercial storage solutions.

Energy storage systems have seen 40% price reduction since 2022, with ROI periods dropping below 10 years. Commercial revenue streams have become more important due to price volatility from renewable energy integration.

Wells Fargo's Innovation Incubator has awarded $250,000 each to three cleantech startups - Blip Energy, Evercloak, and Transaera - focusing on building decarbonization and energy efficiency technologies.