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”.
Europe’s ‘first commercial battery park’, a 5MWh lithium-ion battery system that was recently tripled in size to 15MWh, has been used to successfully restart a disconnected power grid in Germany.
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.
Earlier this week the UK government and energy regulator Ofgem published a strategy for a modernised, smart and flexible power system, the result of an eagerly anticipated response to last year’s Smart Power Call for Evidence. Liam Stoker takes a deep dive to examine the implications for solar and energy storage of this major undertaking.
British infrastructure investment company Foresight Group has made its second acquisition of a UK battery storage project, taking on the 10MW Nevendon battery from Gridserve and Aura Power.
A local government-owned utility in Australia’s Northern Territory is set to go ahead with a 5MW / 3.3MWh battery energy storage system (BESS) in the town of Alice Springs.
China-headquartered PV inverter manufacturer Sungrow has supplied a complete energy storage system to a commercial and industrial (C&I) solar-plus-storage project in the Bahamas.