Results of the 18th Forward Capacity Auction (FCA) held by ISO New England have been filed, with energy storage’s participation having soared in recent years.
Italy-headquartered energy storage solutions provider NHOA Energy grew revenues 33% in 2023 despite a 20% industry-wide drop in prices, it said in its full-year results.
BESS route-to-market (RTM) and optimisation firms in the UK are increasingly looking at a wider variety of contracting mechanisms beyond the revenue-share or ‘merchant’ model, developer-operator Eku Energy told Energy-Storage.news.
Trina Storage, the energy storage arm of major solar PV company Trina Solar, launched its new battery storage solution Elementa 2, to the global market at this year’s Energy Storage Summit EU.
The inverters at an upcoming 300MW/600MWh project in Scotland, UK, will enable the asset to deliver inertia that is “essential for the grid to function efficiently”.
Renewables developer and operator Arevon Energy has secured US$1.1 billion in debt and tax equity financing for a solar-plus-storage project in California which features a 150MW/600MWh BESS.