Managing your battery energy storage system (BESS) supply chain is a complex issue with no easy fixes, according to leading developers, system integrators and investors.
The US Department of Energy’s Loan Programs Office (LPO) has announced a US$375 million loan to lithium-ion recycling firm Li-Cycle to finance its material recovery facility in Rochester, New York.
The broader portfolio and management team are critical to securing investment for individual energy storage projects, said senior figures at asset managers Blackrock and Impax.
Energy storage and smart grid solutions firm Alfen is deploying a 30MW/68MWh battery storage project in the Netherlands for commissioning later this year, the largest under construction in the country.
There is more work to be done on ensuring alignment between maximising grid-scale battery revenue and maximising system benefits, said panellists on Day 2 of the Energy Storage Summit.
The role of energy storage in helping Europe’s energy security is increasingly being recognised, said keynote speakers at The Energy Storage Summit EU today, hosted by our publisher Solar Media.
Energy technology firm Wärtsilä completed a 125MW/250MWh battery storage project for REV Renewables in California in time to help CAISO deal with record heatwave conditions in September 2022.
Vehicle-to-grid (V2G) firm Nuvve will use its platform to manage 40MW of EV chargers and battery storage capacity in frequency regulation markets in Norway and Denmark.
