ESS Inc becomes 'US' first publicly-traded long-duration energy storage company' 12 October 2021. ESS Inc is the holder of proprietary technology which makes the Oregon-headquartered company the only provider in the world of a flow battery based on an iron and saltwater electrolyte.
In an interview for Energy-Storage.news in late November, US national Energy Storage Association (ESA) CEO Kelly Speakes-Backman said that 2021 will be an “important year for energy storage” and that the industry will continue to grow at an accelerated rate – with at least 3.6GW of storage expected to come online.
Research firm Wood Mackenzie Power & Renewables found that in the third quarter of 2020, 467MW / 764MWh of energy storage was deployed around the US across all market segments.
For the US energy storage industry, still the world's leader in adopting batteries for the grid and for renewables, it has however been a year in which clear steps forward have been taken.
According to the China Photovoltaic Industry's Association, solar installations in China should reach 55-65 GW in 2021, up from 48. 2 GW in 2020 and surpassing the record set in 2017.
All in all, China made a total of 340 GW of solar wafers, 170 GW solar cells, and 160 GW of solar module capacity in 2021. The strong outlook for solar PV installations in China is basically based on the development of the solar industry development over the last 10 years.
In the year 2021, China has shown several developments that positively impact the solar energy industry in the country. All in all, China made a total of 340 GW of solar wafers, 170 GW solar cells, and 160 GW of solar module capacity in 2021.
China is expected to install a record amount of solar power in 2021 as the industry continues to benefit from green policies in the country, which already has the world's largest fleet of panels. What is Happening?
According to the National Energy Administration, a total of 53 gigawatts of solar PV capacity was installed in 2021, which is close enough to the high record hit in 2017. Half of the solar PV installations came from rooftop installations.
The country's total solar capacity reached 306 GW at the end of the year, with 107.5 GW of distributed solar (+29 GW in 2021, i.e., around 55% of all new solar PV capacity added in 2021). More than 40% (21.5 GW) of the total capacity corresponded to residential solar plants (compared to more than 10 GW added in 2020).
The strong outlook for solar PV installations in China is basically based on the development of the solar industry development over the last 10 years. Between the 2011 and 2020 period, China is recognized as one of the leading global solar PV pioneers.
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