Compressed air long-duration energy storage solution provider Hydrostor has received an investment commitment of US$25 million from Canada Pension Plan Investment Board.
Battery energy storage system (BESS) developer Jupiter Power has closed a US$174.6 million portfolio debt financing for its six projects totalling 650MWh of storage in the ERCOT market in Texas.
Californian investor-owned utility PG&E has commissioned the 182.5MW/730MWh battery energy storage system supplied by Tesla at its Moss Landing substation.
Lithium-ion will struggle to compete at long durations and its price declines cannot continue forever, said Alan Greenshields, Director EMEA for iron electrolyte flow battery supplier ESS Inc, in a rebuttal to an earlier Energy-storage.news article on the topic.
Bill Gates-founded Breakthrough Energy, The European Associate for Storage of Energy (EASE), Solar Power Europe and Wind Europe have together called on the European Commission to recognise energy storage’s crucial role for the security of energy supply in Europe.
Battery energy storage is load shifting up to 6GWh a day on the California ISO (CAISO) grid, storage sector manager Gabe Murtaugh told Energy-storage.news, as the operator considers a market design change linked to batteries’ state of charge (SoC).
