UK-listed Gore Street Energy Storage Fund has acquired its first asset in California, a 200MW/400MWh battery energy storage system project from developer Avantus.
The problem of changes to battery cell order pricing because of raw material index (RMI) pricing has now improved for energy storage offtakers, EPC firm Burns & McDonnell told Energy-Storage.news.
The ‘hype cycle’ around long duration energy storage (LDES) is coming to an end and 2023 will be the year when companies must prove their technology can live up to its promises.
Finland telecommunications firm Elisa has received €3.9 million from the government to form a VPP using batteries which could be the largest of its kind in Europe.
Battery storage projects totalling 627MW were awarded contracts in the UK’s 2023-24 Capacity Market auction which concluded yesterday (14 February), nearly a two-thirds jump on last year’s.
South Africa could play a big role in the global battery value chain with the potential for 10-15GWh of domestic demand for battery energy storage by 2030, according to a report from the World Bank.
