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.
A solar-plus-storage sysem is to power the manufacturing of electric vehicles at Mitsubishi Motors Corporation’s (MMC) Okazaki Plant in Japan.
Officially inaugurated a few weeks ago in Slovenia, the first Tesla Powerpack installation in the Balkans took just a few months from April to August to construct, the company behind the project has said.
G2 Energy, one of a small number of companies in the UK authorised to make new grid connections to the country's electricity transmission and distribution networks, claims it has now surpassed the 100MW mark of battery projects worked on, as it announced the completion of connection works at a new 29MW battery storage facility in Kent, southern England.
Battery Energy Storage Solutions (BESS), an investor and would-be asset owner in the UK, has raised more than £50 million (US$66.18 million) of outside investment, setting its sights on making energy storage project acquisitions in Britain.
The number of installed stationary battery energy storage systems (BESS) is growing significantly. According to recent estimates, today’s annual global market volume of about US$1 billion is expected to increase more than twentyfold in less than 10 years, reaching a staggering US$20–25billion by 2024. Florian Mayr of Apricum Consulting looks at this growth in the context of specific use cases for storage in two of its most advanced regional markets, the US and Germany.