UK stock exchange-listed dedicated energy storage fund has suspended all construction on assets currently in the works as it also announces the completion of the 10MW Lower Road project in southern England.
An optimal power system portfolio for the US state of California that would drive the world’s fifth largest economy towards greenhouse gas reduction goals for 2030 and then to zero carbon by 2040, includes 1GW of long duration energy storage.
Production of commercial energy storage systems has begun at Tesvolt’s new 255MWh annual capacity factory in Wittenberg, Germany, with staff working in isolation due to the risk of COVID-19 infection.
SimpliPhi Power closed down its manufacturing operations briefly due to the COVID-19 pandemic last week before reopening this week, having made adjustments to try and ensure the safety of workers.
Intersolar Europe 2020 and ees Europe have been cancelled as Europe continues to battle against the ongoing COVID-19 outbreak, organisers Solar Promotion GmbH and FWTM GmbH have announced.
An auction for 700MW of grid energy capacity in Portugal is being configured to allow bids from solar and also solar-plus-storage projects to participate on a competitive basis, with guaranteed payments for energy storage co-located projects to use a capping mechanism in the event of ‘price spikes’.
US-headquartered energy storage manufacturing startup KORE Power has said that its supply partner in China has resumed operations “and is presently working to meet KORE Power’s customer orders”.
NEC Corporation representatives have said that while the domestic market opportunity for battery energy storage remains fairly small for the Japanese company, it is expected to “increase dramatically” within the next three years at commercial and industrial (C&I) and utility-scale.
“The bottom line is that this is a good business decision. We will get back our money in eight to 10 years at the current price of power. As the price of energy goes up, we’ll pay it back even quicker.”
When lithium-ion’s dominance of the energy storage market begins to wane, redox flow batteries are well positioned as a strong competitor, emerging technology market research and business intelligence group IDTechEx has said.
