Grid Connected Battery Energy Storage Market, By Battery Type (Lithium-Ion Battery and Lead Acid Battery), By End User (Residential, Industrial, Utilities, Others), By Region (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Published In : Jun 2023

Code : CMI1961

Pages :137

Formats :

Excel and PDF

Industry : Semiconductors

Market News

Global Grid Connected Battery Energy Storage Market: Key Developments

In June 2020, Panasonic, Japan-based multinational conglomerate corporation, signed a new agreement with Span.IO, Inc. (U.S.), Energy equipment and solutions in San Francisco, California to develop residential energy storage system. This system is likely to be integrated into Panasonic’s Ever Volt, paired with Span smart panel, producing a new level of control over their battery backup power with intuitive energy management for the homes.

In January 2022, Vistra, an integrated retail electricity and power generation company, announced plans to build its moss landing energy storage facility. Pacific Gas and Electric Company (PG&E) has agreed to a 15-year asset adequacy agreement for an innovative 350 MW battery system. This would be in addition to the existing 400 MW of power storage capacity at the premises.

In February 2023, The New York Power Authority (NYPA) and the New York State Energy Research and Development Authority (NYSERDA), announced their first-of-its-kind battery energy storage system (BESS) utilizing patented, high-safety, lithium-ion (Li-ion) super Cell technology. It provide energy peak-shaving capabilities to NYPA’s White Plains offices as part of a demonstration project.