China is targeting a non-hydro energy storage installed capacity of 30GW by 2025 and grew its battery production output for energy storage by 146% last year, state media has said.
The world’s largest combined lithium-vanadium battery energy storage system (BESS), the Energy Superhub Oxford (ESO), will soon start fully trading in the UK’s electricity market, showcasing the potential of hybrid assets.
Energy storage could garner a market share of one-third by 2025 for the new, pan-European automatic frequency restoration reserve (aFRR) market, which is set to launch in the middle of this year with France and Germany mutualising capacity first.
Trade body Flow Batteries Europe (FBE) has written to EU legislators imploring them to include its members products in the scope of upcoming Battery Passport regulations.
Greenbacker Renewable Energy Company and Blackstone-owned Aypa Power have acquired pre-operational battery energy storage system (BESS) developments totalling 110MW of power.
Technology group Honeywell’s energy storage solutions arm will supply a 20MW/80MWh battery system for renewables group Hecate Energy’s solar farm in New Mexico, USA.
The US Department of Energy’s Pacific Northwest National Lab (PNNL) has made a third semi-exclusive commercial licence for vanadium redox flow battery technology available.