Having previously said that the coronavirus pandemic had badly impacted its financial performance during 2020, a rebound is expected this year and next, ENGIE EPS, the energy storage and e-mobility subsidiary of European utility ENGIE has said.
A 100MW battery energy storage system just announced in the UK by battery storage developer, owner and operator Zenobe Energy is the first such system to win a long-term contract from the country's transmission system operator to directly absorb reactive power from the transmission network.
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.
Europe’s cumulative electrochemical energy storage installation capacity has gone past the 5GWh mark and this year is likely to see installations almost double from 2020’s figures.
Almost 70% of home solar PV in Germany comes with battery energy storage attached and the country’s residential storage market represented around 2.3GWh of installed capacity by the end of 2020.
VW’s US$14 billion Northvolt order is ‘significant’ for battery storage as well as electric vehicles
An order worth US$14 billion placed by carmaker Volkswagen with lithium-ion battery manufacturer Northvolt will have a “significant” impact on the stationary energy storage market, a spokesman for Northvolt has said.
Europe is on course to become the world’s second-largest lithium-ion battery cell producing region by 2025, although some key challenges need to be addressed, a European Commission vice-president has said.
Launches of a new “allstar” commercial energy storage system and a large-scale storage solution designed to be moved from one site to another with ease demonstrate the changing needs of customers for versatile and flexible energy storage options.
The success of an auction for fast reserve grid services held by Italy’s transmission system operator (TSO) indicates a strong appetite for battery storage, but market rules and regulations need some revision to capture that opportunity.
Shell Overseas Investments BV has acquired German virtual power plant (VPP) operator Next Kraftwerke, expanding its footprint in the space.
Analysis and research firm IHS Markit has predicted that over 10GW of new energy storage will be deployed during this year, with around half of those additions in the US market.
Updated: Spain’s government has approved an energy storage strategy that it says will put the country “at the forefront” of what is being done in Europe and help it move towards its 2050 climate neutrality target.
Leclanché will deploy a short duration battery energy storage system (BESS) and energy management software to a natural gas power plant in Levice, Slovakia.
A lithium-ion battery recycling plant is under construction in Norway, focusing initially on electric vehicle (EV) batteries, but the CEO of the company behind it has said that it will also be capable of processing batteries from stationary energy storage systems (ESS).
The results of Spain’s auction last week for 3GW of renewables capacity have been widely welcomed by the country’s solar sector, but calls have been made to tweak future auctions to support smaller-scale projects as well as encourage the participation of bids with energy storage.
The biggest battery energy storage system (BESS) in mainland France went into operation in late January, and will provide grid-balancing services to national transmission system operator RTE.
Solar PV bidders secured two-thirds of allocated capacity in the first of Spain’s new renewable energy auctions, while energy storage was not included in any of the winning bids.
Norwegian state-owned energy company Statkraft is to provide market access and trading optimisation for battery storage assets being developed by RWE in Ireland.
France’s electricity transmission system operator, RTE, is exploring options to reduce congestion on the grid at four strategic locations around the country and could award long-term contracts to battery storage systems that can help.
The first of Spain’s new renewable energy auctions is set to take place next week, as the country offers the possibility for bidders to include energy storage in their offers.
Multinational utility Engie and renewables developer Neoen are to invest €1.2 billion (US$1.46 billion) in a large-scale solar-plus-storage project in south eastern France, which includes a 1GW solar system and 40MW of battery energy storage.
Commodities trading company Trafigura has said that it is building a large-scale battery storage plant in Belgium through a newly-launched renewable energy joint venture (JV) company.
France’s island territories get solar-plus-storage at average price below €100/MWh in latest auction
The cost of solar energy paired with battery storage on France’s island territories has fallen yet again, as the European country awarded contracts to winning bidders in its latest tender process.
UK energy storage firm AceOn has joined a call to reverse changes to Value Added Tax (VAT) rates applicable to energy storage systems that came into effect in the country in 2019.
The award of contracts to battery storage developers in a recent auction by Italy’s transmission system operator proves the technology’s competitiveness in providing grid services once again, an analyst has said.
With dozens of massive new lithium-ion battery factories planned or already under construction in Europe, Panasonic and Equinor are investigating the potential for a “green battery business” in Norway.
Energy storage systems were historically used for grid balancing purposes within Europe, limiting their use to such applications or to be considered as “auxiliaries” to renewable generation assets. However, as market prices evolve and new revenue streams emerge, stakeholders must discover the diverse applications energy storage can tap into, writes Naim El Chami.
A new project in the Netherlands will see a number of mobile battery storage units used to power construction sites and outdoor events provide up to 3MW of frequency control ancillary services for grid operator TeneT.
Switzerland’s largest battery storage system has gone into action stabilising the electricity network for transmission grid operator Swissgrid, asset operator Alpiq has said.
We caught up with Bo Normark in his capacity as EIT InnoEnergy executive to discuss the past, present and future of energy storage, with his organisation taking the lead in the European Battery Alliance.