Energy asset developer and owner Statera Energy has clinched a refinancing deal for its 50MW Pelham utility-scale battery storage plant in England, in a transaction which it says demonstrates both the maturity and “bankability” of the asset class.
Jardelund, Germany, is now host to what is currently Europe’s largest battery energy storage system, a 50MWh project completed and announced just a few days ago by NEC Energy Solutions.
Even among high level stakeholders, there are real gaps in education, knowledge and understanding of what energy storage is, and what it can do. We were privileged at last week’s Intersolar Europe/ees Europe shows in Munich, Germany, to be joined by four leading thinkers – and doers – in the energy storage industry, who helped us tackle this difficult question.
Ørsted has selected NEC Energy Solutions to provide the battery system for its largest UK energy storage to date, which will see a 20MW battery deployed near Liverpool.
In the past week, developer RES Group has just got a front-of-meter battery project underway for a utility company in northern Germany, while storage system provider Tesvolt has just signed a deal with another utility in the European country to distribute energy storage behind-the-meter for commercial customers.
Shell, which has just participated in an investment round for sonnen, is one of the big players in the incumbent energy industry that “really acts” on clean energy, rather than just talking about it, sonnen’s CEO has said.
Convergent Energy + Power, a US-Canadian project developer which has attracted investment from the venture capital arm of Statoil, has acquired 40MW of flywheel energy storage already in operation in grid-balancing markets in New York State and Pennsylvania.
News in brief from around the world of energy storage.
Storage developers eyeing opportunities in Ireland’s DS3 programme will be able to bid for six-year contracts providing frequency response and reserve services in September when transmission system operator EirGrid will launch a new procurement process.
The UK’s first listed fund for energy storage is setting out to raise £100 million (~$139 million) for investment in battery projects, with a seed portfolio of an estimated 18MW/20MWh already arranged.
The economics of solar-and-storage in the UK are being proven, according to Anesco, the developer of one such project.
A subsidiary of Enel is jointly developing a large-scale lithium-ion battery system project with wind power developer ENERTRAG, in what will be the multinational utility’s first energy storage project in Germany.
A utility in Bremen, Germany, has contracted multinational engineering group AEG to build a hybrid solution for regulating grid frequency which combines electrochemical batteries and power-to-heat technology.
ADS-TEC has just completed and connected a 2.5MW energy storage system in Germany, designed to smooth the variable output of wind power generation, while RES Group has just been awarded a 10MW energy storage project contract in the same country.
VLC Energy has become the latest firm to finish its Enhanced Frequency Response (EFR) battery projects following the completion of two projects totalling 50MW.
Well, we seem to say it at the end of every year, but 2017 seemed a lot busier than 2016, 2016 was busier and more exciting than the year before that, and so on! There have been some hints already on what the industry and its observers expect to see in 2018 and we do not doubt energy storage will continue in its rise to become a flexible cornerstone of the world’s electricity infrastructure. In the meantime, let’s reflect on the top news stories of last year, as reported by Energy-Storage.News and based on readership statistics from you:
National Grid has revealed a simplified, more standardised approach to Firm Frequency Response (FFR) procurement whilst teasing the first details of its fast-response follow-up to EFR.
Major Japanese business and government entities have extended their involvement in energy storage with the announcement of the country’s first virtual power plants, an investment in a US frequency regulation project and partnerships on technology.
Government policy and regulation offer the biggest barriers to the deployment of battery energy storage in the UK according to a cross-party group of MPs focussed on energy storage, which claims 12GW of batteries could be deployed by 2021 under the right circumstances.
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.
Centrica has revealed plans to build a single 100MW battery energy storage system in Ireland for delivery by 2022 to take advantage of capacity market and grid services opportunities currently under development.
A representative of National Grid, the UK’s transmission system operator (TSO), has said that energy storage will be “integral” to the network’s flexibility strategy – while urging developers not to rely solely on early frequency regulation contracts.
While decreases in costs continue to make energy storage more and more competitive, financial advisory and asset management firm Lazard has highlighted just how variable project economics can be, citing examples of US projects with 9%, 11% and 21% IRR (internal rate of return).
ROUNDUP: Virginia hydro-battery hybrid, Gridtential appoints CEO, Mercedes-Benz’s ‘1st life’ project
News in brief from around the world of energy storage.
AES claims that 20MW of energy storage it deployed in the Dominican Republic just a few weeks before Hurricane Irma, assisted the island nation in keeping power supplies running even as devastation struck.
E.On has become the first company to have secured an Enhanced Frequency Response (EFR) contract in Britain last year to announce the completion of its project, following the installation and connection of a 10MW battery at a biomass plant last month.
Australian homes and businesses will soon be able to use renewable energy stored in their batteries to bid into a local energy market and provide a range of grid services using a new software platform backed by the Australian Renewable Energy Agency (ARENA).
France-headquartered mega-utility EDF has accepted delivery and installation of a flywheel energy storage system manufactured by Germany’s Stornetic, at EDF’s “full testing playground” south of Paris.
Swiss engineering and automation company ABB will be supplying Dong Energy’s 90MW Burbo Bank wind farm in the UK with battery energy storage.
Another utility-scale energy storage facility has got the green light for construction in South Australia, claimed to be the first in the country to be “backed by mostly private investment from the energy industry”.