By the middle of the 2020s, using hybrid ‘portfolios’ of batteries and renewable energy sources will economically outperform existing gas power plants, while the combination of technologies is already cost-competitive with building new gas plants, a new report from the US-based Rocky Mountain Institute has said.
Japanese developer Eurus Energy and Australian-headquartered wind developer Windlab have signed an MoU with Kenyan authorities to develop an 80MW solar-plus-wind-plus-storage facility.
Grid-connected energy storage deployments have enjoyed a compound annual growth rate (CAGR) of 74% worldwide in the years 2013 to 2018, with a “boom” in deployment figures expected over the next five years, analysis firm Wood Mackenzie has said.
Guidance issued by Britain’s transmission grid operator on how to co-locate energy storage with generation facilities has been welcomed by an analyst at industry group the Renewable Energy Association.
NV Energy, the main electric utility for the US state of Nevada, has tendered for more than 300MW of renewable energy in a Request for Proposals that also includes consideration of battery energy storage paired with renewables.
Median bids received by US utility Xcel Energy in a solicitation for energy resources for energy storage paired with solar came in at US$9 per megawatt lower than the previously observed record.
Australia’s biggest utility AGL, which has committed to phasing out coal by 2050, has said it is likely to replace the capacity provided by one ageing power station with batteries, peaking plants, demand response and pumped hydro.