Utility Octopus Energy will pay Gresham House Energy Storage Fund (GRID) a fixed fee to use half of its UK BESS portfolio, at a price which it said is ‘above the current merchant revenue stack’.
Invinity Energy Systems, a technology company that develops vanadium redox flow batteries (VRFB), plans to expand its manufacturing footprint in Scotland, UK.
Equinor-owned East Point Energy has submitted a Public Facility Review application with the Prince William Planning Commission in Virginia, US, for the construction of a standalone battery energy storage system (BESS).
The government of Poland has proposed a de-rating factor for battery energy storage systems (BESS) in the next capacity market auction of 57%, which one developer warned would be a ‘lethal blow’ for 2- and 4-hour projects.
ZEN Energy’s 138MW/330MWh Templers battery storage project in South Australia has broken ground after clearing the grid connection approval process in ‘record time,’ according to technology provider Sungrow.
Some long-duration energy storage (LDES) technologies are already cost-competitive with lithium-ion (Li-ion) but will struggle to match the incumbent’s cost reduction potential.
The US will provide US$85 million in foreign aid to the Republic of Moldova for battery energy storage system (BESS) projects as well as high voltage transmission line upgrades, secretary of state Anthony Blinken said last week (29 May).
Energy Vault has entered into an exclusive partnership with architecture firm Skidmore, Owings & Merrill (SOM) to work on projects using its gravity energy storage technology.
