A panel of leading developers, technology and service providers and the finance community discuss the economic opportunities — and challenges — of deploying and operating front-of-the-meter battery storage in the US.
As society moves away from centralised fossil fuel generators to increasing shares of distributed renewable energy resources, the idea that customers’ homes could become host to virtual power plants (VPPs), joining the dots between electricity supply and demand across the grid, has gradually gathered traction. Andy Colthorpe speaks with Suleman Khan CEO of Swell Energy, which has raised nearly half a billion dollars in financing for solar-plus-storage VPPs in 14,000 homes across California, New York and Hawaii.
Based on the value it provides to grids as shares of renewable energy grow, energy storage is a “very exciting market,” the VP of Goldman Sachs Renewable Power has said.
Re-examining older and potentially hazardous battery energy storage systems should be an "essential" tool in fire prevention, according to a panel of industry leaders.
A US Navy shipyard is getting an upgrade to its microgrid system from Ameresco that guarantees reliability and considerable energy savings over the lifetime of the project.
Canadian Solar has highlighted the increasing importance of adding energy storage to PV projects and the “significant growth opportunities in the solar-plus-storage market” while reporting its latest quarterly financial results.
Zinc-based battery energy storage manufacturer Eos Energy Storage has signed an agreement with an EPC partner to deploy systems based on its devices at rural microgrids, beginning with projects in Nigeria.
Stem Inc has won out in a competitive Request for Proposals (RFP) to manage a 345MWh fleet of commercial and municipal energy storage systems in Los Angeles, California.
Fluence has been able to keep working on “all but two or three” of 73 utility-scale battery projects, with battery energy storage increasingly considered an essential part of grid infrastructure in many parts of the world.
UK stock exchange-listed dedicated energy storage fund has suspended all construction on assets currently in the works as it also announces the completion of the 10MW Lower Road project in southern England.
Major Australian utility company AGL has signed a 15-year contract for “operational dispatch rights” to a 100MW battery storage system to be built in Queensland.
Gore Street Energy Storage Fund has awarded NEC Energy Solutions both EPC and long-term O&M contracts for 100MW of storage in Northern Ireland.
Some choice words from conversations with Scott McGregor, CEO at redT, Avalon Battery president and chief product officer Matt Harper and NEXTracker’s chief technology officer, Alex Au.
Unlike the solar PV sector where there’s often an attitude of “let’s sell the project first and worry about O&M later,” storage projects must have services built in to the thinking and financial process from the beginning. With storage, a strong O&M plan and team become part and parcel of making and closing a strong productive deal, NEXTracker's Marty Rogers argues.
News in brief from around the world of energy storage.
Both energy storage asset owners and companies setting up to provide operations and maintenance (O&M) services for battery installations need to commit to higher levels of due diligence when selecting contractors according to RES Group’s head of solar and O&M.
Following the wishes of its customers, Germany-headquartered PV firm IBC Solar has launched a new package that helps partners in 30 countries with the planning, installation and maintenance of its lithium-ion energy storage solutions.
The key value propositions for commercial energy storage are based around “maximising economics subject to operating constraints”, according to Stem and other energy storage system integrators and operators.