California’s goal of reaching 100% emissions-free retail electricity by 2045 is achievable, but will require huge deployments of long-duration energy storage, especially from 2030 onwards.
A plan proposed by US president Joe Biden to invest US$2 trillion in infrastructure has been praised for “prioritising energy storage and policies that support the industry’s growth”.
TWAICE, a software company headquartered in Munich, has launched a platform aimed at helping energy storage system operators manage the profitable use of their assets against the impact that has on the health of their batteries.
Funding secured from its main shareholder group will help vertically-integrated energy storage company Leclanché push forward activities in its stationary storage business, CEO Anil Srivastava has said.
The US could see new mines and raw material production “scale up” as demand for battery energy storage systems and grid resilience increases over the next decade, according to Margaret O’Riley, battery, automotive and electrification business recruitment lead for Duke Energy Corporation.
Battery storage systems have been proven to be “extremely lucrative” for commercial and industrial (C&I) customers in the US, but a lack of customer knowledge of regulations and supply shortages of battery cells could yet stymie the market’s growth.
While interconnection queues for America’s electric transmission and distribution operators are “swelling up” with growing numbers of energy storage projects, some of the big challenges ahead include enabling fair market participation for both standalone storage and storage paired with generation.
The opening up of independent system operator (ISO) services as a result of FERC 841 has led to a “huge difference” in storage dispatch strategy for merchant markets with concurrent bidding now the typical strategy.
A pumped hydro energy storage (PHES) project at a former gold mine in Queensland, Australia which would be able to store 250MW of power for up to eight hours has raised significant funding in the past few days.
Industry group Scottish Renewables has warned that the UK’s climate change targets will not be met without the removal of barriers to long-duration energy storage such as pumped hydro.
