It is likely Spain will introduce “important regulatory changes in the coming years” to enable the European country to meet a national target of deploying 2.5GW of energy storage by 2030, analysts at consultancy firm Clean Horizon have said.
News in brief from around the world of energy storage.
Stationary energy storage in support of electric vehicles (EVs) charging could reach a global installed capacity of 1,900MW by the end of 2029 according to a new Guidehouse Insights report.
The US Federal Energy Regulatory Commission (FERC) hosted a technical conference on hybrid resources - pairing storage with generation - examining in order to overcome barriers that exist to the otherwise fastest-growing phenomenon of the grid.
There's a race to develop new technologies - and adapt existing ones - that can either be complementary to lithium batteries, or even compete with them. Representatives from three technology providers offer up some case studies, data, insights and opinions on where they think the market could go.
More electricity storage and longer durations will be needed for the UK to meet net zero, according to electricity system operator National Grid ESO's latest modelling.
Lithium battery cells will be rolling off a production line at a 16GWh-capacity factory in France in 2023, with manufacturing startup Verkor then planning to scale up to 50GWh “in line with market dynamics”.
Independent power producer EDF Renewables North America has signed a 22-year power purchase agreement with NV Energy for a 200MWac solar project coupled with a 180MW, four-hour battery storage system.
A renewable energy project that could provide up to 20% of Singapore’s electricity needs has been fast tracked by the Australian government.
US developer and utility NextEra Energy has said there is currently a "terrific opportunity" for wind, solar and battery storage while Texas-based CPS Energy plans to add up to 900MW of solar, 50MW of battery storage and 500MW of new technology solutions to its portfolio.
Northvolt has now raised over US$3 billion to support its plans to become a major player in the European battery manufacturing space, including US$1.6 billion in debt financing which it announced today.
Western Australia will invest AU$56.3 million (US$40.11 million) in solar power as part of a new renewable energy plan designed to kickstart the state’s economy following the impacts of the COVID-19 pandemic.
Iberdrola is to develop a landmark solar-storage-hydrogen facility in central Spain, professing it to be the largest industrial green hydrogen facility in Europe once complete.
Based in the United Arab Emirates (UAE), Dr Imran Syed is head of industrial power for Enerwhere, designing and implementing hybrid systems that use energy storage. Dr Syed spoke to Andy Colthorpe about some recent project case studies.
Australian startup Vast Solar said it has picked a site in Queensland where it could develop a AU$600 million (US$427 million) power plant combining different low emissions technologies to provide baseload power cost-effectively over a 30-year lifetime.
Bringing a proven, flexible, virtual power plant (VPP) platform into North America is a step towards “unleashing the potential” of distributed energy, the chief commercial officer of UK-headquartered solutions provider Kiwi Power says.