The cost of solar energy paired with battery storage on France’s island territories has fallen yet again, as the European country awarded contracts to winning bidders in its latest tender process.
The world’s largest battery energy storage system (BESS) so far has gone into operation in Monterey County, California, US retail electricity and power generation company Vistra said yesterday.
UK energy storage firm AceOn has joined a call to reverse changes to Value Added Tax (VAT) rates applicable to energy storage systems that came into effect in the country in 2019.
Distributed energy storage systems made by power management company Eaton will be able to participate in grid balancing markets through integration with a virtual power plant (VPP) platform developed by electric vehicle (EV) charging equipment provider Virta.
Updated 7 January 2020: Contemporary Amperex Technology Ltd (CATL) will supply lithium-ion batteries to energy storage system integrator FlexGen for two large-scale energy storage projects totalling 220MWh in Texas.
System integrators – companies that create large-scale and commercial and industrial battery energy storage system (BESS) solutions to order – have driven the market’s rapid growth so far but face a diversifying landscape marked by competition and consolidation in the years ahead.
NextEra Energy Resources said in December that wind turbines had been successfully installed and became operational at Skeleton Creek, a hybrid renewable energy project the company is building in Oklahoma, US.
An auction for solar-plus-storage held in Israel by the country’s Electricity Authority (PUA) awarded 609MW of solar PV alongside 2.4GWh of energy storage.
Increased confidence in the asset class has been driven by three main factors: more third party trading counterparties entering the space and offering new and innovative products, increased volatility in the trading markets and the increased market size of frequency service contracts.
The sovereign wealth fund of Qatar has agreed to invest in energy storage solutions provider Fluence in a transaction that values the technology company at more than a billion dollars.
