The UK government is seeking the “most rapid and effective path” towards a potential re-opening of the Capacity Market (CM), but has failed to determine the consequences if a negative decision is forthcoming.
There has been a substantial drop in the levels of new battery capacity being entered into consideration for the UK’s Capacity Market (CM) mechanism, according to the prequalification results of the next auctions.
European Commission vice president for energy, Marcos Sefcovic has referred to an EU action plan for ‘green batteries’ to be made in Europe, citing the technology as vital for renewable energy integration as well as giving the continent a ‘competitive edge’.
Only large scale and intelligent energy storage can realistically solve the issue of variable renewable electricity generation. Patrick Clerens, Secretary General at the European Association for Storage of Energy and a member of the advisory board for Electrify Europe, argues that we can make it happen – but only if we get the incentives right.
The European Investment Bank (EIB) has approved a loan request from Northvolt that will see the bank provide a financing facility of up to US$64.8 million to support Northvolt’s pilot demonstration facility.
Intended to “kick start concrete projects”, the European Commission is set to allocate a further €200 million (US$235.53 million) towards supporting the scale-up of lithium battery manufacturing on the continent.
Heating and cooling uses more than half of Europe’s energy, but the potential “immense value” of thermal energy storage has barely been explored, the head of an energy storage trade group has said.
32 separate projects in smart grid, energy storage and related technologies which received backing through a European Union innovation programme, will pool knowledge and expertise in a shared network.
Li-ion battery makers including Panasonic and Samsung SDI punished by European Commission for cartel
Four makers of lithium-ion batteries have been sanctioned by the European Commission for anti-competitive practises, with three incurring fines totalling €166 million (US$176 million) after colluding to “avoid aggressive competition”.