UK energy storage investor Gore Street Energy Storage Fund raised £135 million (US$187.89 million) towards deploying a 1.3GW development pipeline, with the funds also to be used for a potential 80MW acquisition for its portfolio of battery projects.
Financial backing to support early development phases in battery storage and renewable energy projects has been found by Momentum Energy Storage Partners, a project development company launched by DNV GL’s former energy storage lead for the North Americas region.
Technology providers Fluence and Wartsila have been chosen through a competitive solicitation process to supply up to 1,000MW of grid-scale battery energy storage to Australian energy generation and retail company AGL.
There are 7GW of battery energy storage projects that have either been proposed or are in the planning process in Australia, with the average project in that pipeline sized at around 150MW.
Australian utility AGL has furthered its plans to develop 850MW of large-scale battery storage across a number of sites in the country, announcing a new project in Victoria.
Developer Fotowatio Renewable Ventures (FRV) has unveiled the second utility-scale battery project in its "strategic plan to develop energy storage projects globally".
US wholesale electricity supplier NextEra Energy Resources has said 700MW of contracted battery energy storage resources it will deploy in California within two years could be followed by a further 2,000MW pipeline of battery projects under development in the state.
AES Corporation reaffirmed its 2020 financial guidance in presenting its latest quarterly results, which showed a total backlog of renewables and energy storage contracts of 6.2GW, while the company said it will reduce generation from coal to less than 30% of its total capacity by the end of this year.
US developer and utility NextEra Energy has said there is currently a "terrific opportunity" for wind, solar and battery storage while Texas-based CPS Energy plans to add up to 900MW of solar, 50MW of battery storage and 500MW of new technology solutions to its portfolio.
This article looks at the current status of each of these end-markets and where there are similarities and differences in how the markets have developed, along with future opportunities.
There are 1.3GW of read-to-build battery storage projects in the UK, with the majority between 30MW and 49.9MW power output per project, according to new analysis from Solar Media Market Research.
Recent news in brief from around the world in energy storage - this edition is collected from the pages of our sister site PV Tech.
The island of Ireland’s battery storage pipeline has swelled to nearly 2.5GW, a new report unveiled by Energy-Storage.news publisher Solar Media can reveal. Here, the report’s author and analyst at Solar Media Lauren Cook dives into the detail and explores what’s driving that growth.
A roundup of news in brief from the energy storage industry, this time with a special focus on the UK market.
A new joint venture between a UK-based asset manager and a Danish renewables investor has been signed to fund a 500MW solar and storage pipeline in the UK.
Australia’s CEFC commits AU$50m to expanding ‘landmark’ Tesla Hornsdale Power Reserve battery system
Australia’s national Clean Energy Finance Corporation (CEFC) has said it will commit AU$50 million (US$34.14 million) to help fund expansion of landmark Hornsdale battery project in South Australia.
Australian renewables investor Lyon Group has penned an agreement with China Huadian Corporation which will see the duo co-develop and invest in power-plus-battery energy storage systems across Australia, China and other Asian markets.
A 300MW pipeline of behind-the-meter energy storage projects in Canada and the US will be executed by large engineering firm Honeywell, with Canadian project developer NRStor.
Following on from our look at some of the takeovers of promising or already-prolific energy storage companies in the last edition of PV Tech Power, here’s an exclusive interview with Convergent Energy + Power CEO Johannes Ritterhausen.
Update included confirmation that cash reserves stand at around US$4.31 million, enough to continue meeting the firm's obligations until December this year.
The pipeline of projects currently stands at 11GW, and although it is unlikely that this will all be built, we currently see nearly 800MW of projects at the ‘under construction/ready to build’ stage.
UK investment management firm Gresham House has confirmed it is to launch a fresh fund raising drive as it sets its sights on a new, 182MW pipeline of battery storage projects.
Investment management firm Gresham House is to float an energy storage fund on the London Stock Exchange next month, with an aim to raise £200 million to fund 262MW of energy storage projects over the next year.
UK Power Reserve, a British developer of flexible electricity assets, has confirmed that battery storage solutions from Fluence will be used to build out its entire 120MW portfolio of projects.
Long duration energy storage will be put to use in Germany’s grid, with RedT, a UK-headquartered maker of flow energy storage ‘machines’, announcing an initial 80MWh deployment to the country.
North Kesteven District Council, a local authority in England's Midlands, has approved a near 50MW solar farm alongside planning consent for a 50MWh battery for Pegasus Group, adjacent to an existing 18MW solar farm.
Powin Energy has just sold 116MWh of its project assets and pipeline of future developments to esVolta and made a deal which sees Powin become exclusive supplier to the latter’s projects.
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.
In the past month we have heard a lot about the future of storage in the UK. From plans by the government and regulator to enable greater flexibility across electricity networks to changes to technical rules governing the market, there's been a sense that a great deal is changing. Analyst Lauren Cook of Solar Media's in-house market research team takes a look at the utility-scale pipeline figures behind the headlines.
US-headquartered independent solar power developer 8minutenergy Renewables announced Tuesday that it has expanded into the energy storage sector with a 1GW project pipeline.