System integrators – companies that create large-scale and commercial and industrial battery energy storage system (BESS) solutions to order – have driven the market’s rapid growth so far but face a diversifying landscape marked by competition and consolidation in the years ahead.
NextEra Energy Resources said in December that wind turbines had been successfully installed and became operational at Skeleton Creek, a hybrid renewable energy project the company is building in Oklahoma, US.
An auction for solar-plus-storage held in Israel by the country’s Electricity Authority (PUA) awarded 609MW of solar PV alongside 2.4GWh of energy storage.
The sovereign wealth fund of Qatar has agreed to invest in energy storage solutions provider Fluence in a transaction that values the technology company at more than a billion dollars.
A Sydney-headquartered private investment firm and renewable energy and storage developer have lodged a development application to build a large-scale battery energy storage system in Newcastle, in the Hunter region of New South Wales in Australia.
PG&E, one of California’s main investor-owned utilities (IoUs) has awarded contracts for more than 1,000MW of battery energy storage projects to be deployed in its service area by the end of 2023, the company’s senior VP for energy policy and procurement has said.
The US government’s Department of Energy (DoE) has described its just-published Energy Storage Grand Challenge Roadmap as its first comprehensive strategy on energy storage, identifying cost and performance targets to be met in the coming years.
Renewable energy marketplace creates a financial contract that “complements” existing power purchase agreements (PPAs) between corporations and developers.
