17 December 2015 2015 11:58 PM GMT

E.ON, Samsung SDI Form Energy Storage Partnership

E.ON has signed an agreement with Samsung SDI Co. to collaborate and tap opportunities in the energy storage business.

The co-operation includes the development of profitable energy storage solutions and to assess and develop a potential business model for targeting applications for Lithium-Ion batteries in selected regions and markets. The agreement focuses on solutions for grid stabilization, industrial customers and appropriate energy systems.

E.ON and Samsung SDI will run battery projects in US, Germany, UK and Czech Republic first. Both companies have planned to extend these initiatives to other countries.

“The expansion of renewables, together with customers’ demands for decentralized solutions are driving the need for flexibility across the entire energy system. Lithium-Ion batteries are well suited to provide part of this flexibility due to their modular size, efficiency, simplicity and scalability,” said Bernhard Reutersberg, Chief Markets Officer E.ON SE. “To grow in this area, we are convinced Samsung is the right partner for us to develop a potential business model. The company is a market leader with a strong know-how and track record.”

“As one of global leaders of supplying lithium-ion battery-related products, Samsung SDI serves the ESS markets with new innovative products that our capability and experience fabricate,”said Sewoong Park, Vice President of Samsung SDI ESS Business Team. “With the developing battery technology, Samsung SDI strengthens the product line-up and platforms for diverse ESS applications, and will continue to be a trustworthy partner to E.ON.”

July 29th 2019
Battery Boom: Wind And Solar Can Generate Half Of Worldwide Electricity By 2050

Coal is to shrink to just 11% of global electricity generation by mid-century, from 38% now, as costs shift heavily in favour of wind, solar and batteries. Wind and solar are set to surge to almost “50 by 50” – 50% of world generation by 2050 due to reductions in cost. “Cheap battery storage means that it becomes increasingly possible to finesse the delivery of electricity from wind and solar so that these technologies can help meet demand even when the wind isn’t blowing and the sun isn’t shining. The result will be renewables eating up more and more of the existing market for coal, gas and nuclear.”

July 27th 2019
Arsenal Unveil Battery Storage System: First Of Its Kind At A UK Football Club

Arsenal Football Club has unveiled a battery storage system (BSS) to store enough energy to run the 60,000 seater Emirates Stadium from kick-off to full time. It follows a unique collaboration with Pivot Power to install a 2MW/2.5MWh lithium ion BSS, with funds managed by Downing LLP. The project, the first of its kind in the UK, will also save club money as it works to support low-carbon plans. The BSS allows Arsenal to avoid peak power prices, buying electricity when it is cheap and storing it for use when prices are high. Typically, energy can cost three times more at peak times than overnight. The installation maintains Arsenal as the leader in sustainability in sport following its commitment to clean energy with Octopus Energy in 2016.

July 29th 2019
EU Approves Ambitious Energy Efficiency Goals, Encourages Clean Energy Feed-In

Europeans will now be entitled to consume, store and sell the renewable energy they produce in line with ambitious targets set by the EU. The targets are to be reviewed by 2023, and can only be raised, not lowered. By making energy more efficient, Europeans will see their energy bills reduced. In addition, Europe will reduce its reliance on external suppliers of oil and gas, improve local air quality and protect the climate. For the first time, member states will also be obliged to establish specific energy efficiency measures to the benefit of those affected by energy poverty. Member states must also ensure that citizens are entitled to generate renewable energy for their own consumption, to store it and to sell excess production.

November 16th 2018
India: Improved Monsoon Winds Help Power Producers in 2018 

After a prolonged period of decline, wind speeds in India during the 2018 monsoon season were significantly higher than normal; and up to 20% higher than long-term averages in some regions. These higher wind speeds benefit wind farm production; welcome news for wind energy operators and investors, who have faced several years of lower-than-normal wind energy production during the monsoon period. These increased wind speeds can thus counter recent patterns of decline contributing to an increase in investor confidence with a data-driven approach.

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