Australia’s government-owned green bank, the Clean Energy Finance Corporation (CEFC), has pledged AU$300 million (US$192 million) of existing funding towards “building investor confidence in renewable hydrogen”.
Solar Media’s Liam Stoker and Andy Colthorpe discuss the continuing effects of COVID-19 on worldwide power markets, reflecting on IEA forecasts for historic energy demand lows and what they mean for renewables.
Vanadium redox flow batteries are almost as reliable as diesel generators in providing resiliency, but won’t be competitive against lithium-ion unless cost reductions can be achieved with the scaling up of manufacturing and deployment.
Moving from today’s gas stations to their electrified equivalent can present a challenge so “dramatic” that in some cases, microgrids may be the only viable solution, a representative of Schneider Electric has said.
The levelised cost of electricity (LCOE) that can be achieved today for battery energy storage means that “new-build batteries can be competitive on cost with gas peaker plants,” according to BloombergNEF.
Arkansas, currently ranked 31st among US states for solar deployment, will get a solar-plus-storage plant with 100MW of photovoltaic generation and 10MW / 30MWh of battery storage after regulator Arkansas Public Service Commission approved the project.
Two commercial battery energy storage systems owned by a family-owned wholesale food business in the UK have been used by aggregator Flexitricity to trade in the Balancing Mechanism (BM)
Solar-plus-storage projects on France’s overseas territories are on course to add around 200MWh to global battery storage deployment figures, with the latest power plant just completed by independent renewable energy producer Albioma.
