Increased confidence in the asset class has been driven by three main factors: more third party trading counterparties entering the space and offering new and innovative products, increased volatility in the trading markets and the increased market size of frequency service contracts.
The battery storage optimisation and energy trading teams at EDF and Centrica Business Solutions - stalwarts of the UK’s Big Six of utility companies - have won 40MW of new deals to optimise large-scale battery storage systems.
The acquisition of Advanced Microgrid Solutions (AMS) saw energy storage technology provider and system integrator Fluence take on AMS' artificial intelligence (AI)-enabled optimised bidding software for energy storage and renewable energy assets. Energy-Storage.news editor Andy Colthorpe asked Fluence CTO Brett Galura and former AMS CEO Seyed H. Madaeni some key questions about the acquisition.
FERC Order 841 looks set to allow distributed storage to participate in wholesale markets in the US. Energy-Storage.news has collected a wide range of reactions and views from industry participants on what it means.
Industry voices in the UK have said that electricity market activity during the COVID-19 pandemic shows that the network will become prohibitively expensive and possibly unmanageable without the further rapid deployment of energy storage.
The success of efforts to decarbonise economies in the UK and elsewhere could hinge largely on how governments and business communities – particularly large commercial lenders – engage with the sector in 2020, a UK-based financier of solar and storage has said.
A new poll has identified energy storage as the most promising technology for institutional investors keen on renewable assets, amid plans by many to ramp up allocations.