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Merchant energy storage has become an investable asset class in the UK, a provider of battery optimisation services has said, with the market moving away from an emphasis on contracted revenue streams for supplying grid services.
Batteries are now one of a “huge variety of distributed energy assets capable of providing flexible capacity to the network”, but failure to manage them correctly will limit the market opportunities available, as well as the lifetime of the systems themselves, the data science head of UK flexible energy tech company Open Energi has said.
French firm Voltalia has started building the largest energy storage system in French Guiana made up of two separate lithium-ion batteries.
While market opportunities for energy storage in Texas are considered to be limited, the largest battery project in the state so far, a 42MWh system, has just come online.
Cloud-aggregated virtual power plants using residential or C&I battery storage as part of a smart energy management system can benefit the grid, integrate renewables and EVs and hopefully add a powerful long-term value proposition for home storage. Andy Colthorpe and David Pratt report on how some of the UK’s first VPP projects are proving the concept.
The “devil is in the detail” when it comes to making regulatory changes in the US to open up wholesale markets for energy storage to participate in, a regional chief of regulator FERC has said.
Applications made to the government of New South Wales in Australia for two solar farms totalling 285MW of capacity are open to comment from stakeholders and members of the public.
Eelpower has commissioned a 10MW battery energy storage system (BESS) in England, backed with both frequency response and capacity market contracts, in the first of a new pipeline of projects being planned by the company over the next decade.
The financial services arm of engineering giant Siemens will be offering no-money-down options for commercial and industrial (C&I) customers in the UK to purchase energy storage systems.
Energy storage has reached a point of commercial viability in the UK according to the chief executive of redT energy, who said the company had now reached “the right price” for an economic proposition.
Nigel Morris, chief executive at solar firm RoofJuice Australia, who has been in the solar game for more than two decades, explains what stands in the way of Australia’s significant energy storage potential.