First transactions made using Renewable Energy Hub’s ‘Virtual Storage’ contract in Australia
Renewable Energy Hub has announced the first transactions as part of its new ‘Virtual Storage’ electricity swap contract in Australia..
Grid Scale
‘Growing interest from battery sector is driving vanadium demand growth’
Vertically-integrated vanadium mining, production and supply company Largo Resources wants to launch its own vanadium redox flow battery (VRFB) onto the market within a year-and-a-half, predicting that the technology will play a “critical role” in addressing significant demand for energy storage.
Corporate funding in battery storage in 2020 was up by 136% compared to 2019, Mercom says
The amount of corporate funding coming into the global battery storage industry in 2020 was more than double the amount the previous year, with over US$6.5 billion raised last year compared to around US$2.8 billion in 2019.
Feature
Analysis
Britain’s sky high power prices: how could batteries capitalise on the volatility?
Following a dramatic start to the year, Energy-Storage.news takes a look at what is driving price volatility in Britain and what battery energy storage could do about it.
Macquarie’s Green Investment Group to take stake in utility-scale energy storage developer esVolta
The Green Investment Group (GIG), a company owned by financial services group Macquarie, is investing an unspecified sum into esVolta, a US-headquartered developer and owner of utility-scale energy storage projects.
McKinsey: Continuous fall in battery prices is enabling the rapid rise of renewable energy
Renewable energy uptake and the falling costs of battery energy storage are “inexorably linked” as the global economy faces a crucial decade ahead in its urgent need to decarbonise, according to work by McKinsey & Company.
Energy storage potential in Spain’s upcoming renewables auction as country targets 2.5GW by 2030
The first of Spain’s new renewable energy auctions is set to take place next week, as the country offers the possibility for bidders to include energy storage in their offers.
Analysts predict 30% reduction in Asia-Pacific region’s grid battery storage costs over five years
The Asia-Pacific region will continue to be the world’s leading centre of lithium-ion cell manufacturing for the next decade, but it won’t just be price reductions in batteries that will drive a 30% drop in front-of-meter battery storage in key markets China, Australia and South Korea.
Canada’s national ‘Growth Plan’ could invest in 250MW / 1,000MWh Ontario battery storage project
A plan to invest CA$2.5 billion (US$1.97 billion) in the clean energy economy by the Canada Infrastructure Bank could lead to involvement in one of the world’s biggest battery energy storage projects so far.
‘Great Western Battery’ 1,000MWh project proposed to aid reliability in Australia’s post-coal age
Renewable energy developer Neoen last month published its plan for a new project in New South Wales, Australia, called the ‘Great Western Battery’ which will be among the country’s largest battery energy storage system facilities to date.
1.6GW of US solar and energy storage projects in the works from Total and Hanwha Group JV
Energy company Total and solar-plus-storage developer 174 Global, a division of Hanwha Group, have formed a joint venture to develop utility-scale solar and storage projects with a total capacity of 1.6GW in the US.
Siemens signs technology deal with Britishvolt to create ‘most efficient’ UK battery gigafactory
Siemens has partnered with the company behind what is to be the UK’s first lithium-ion battery gigafactory, providing it with its Digital Enterprise Technology, which can simulate gigaplant production processes and flows ahead of construction.
Feature
Guest blog
Merchant risk in energy storage project financing makes compelling case for traditional players
At first glance, renewable power generation has created, in the eyes of traditional industries, an investment nirvana. By understanding how these better-capitalised companies view renewables’ merchant risk, we can identify where future energy storage projects should seek finance partners, says Charles Lesser, a partner at Apricum - The Cleantech Advisory.
Engie, Neoen building subsidy-free 1GW solar project with storage, electrolyser in France
Multinational utility Engie and renewables developer Neoen are to invest €1.2 billion (US$1.46 billion) in a large-scale solar-plus-storage project in south eastern France, which includes a 1GW solar system and 40MW of battery energy storage.
US$47m funding from US Department of Energy for disruptive tech mostly goes to batteries, smart grid
The lion’s share of new funding announced this week to help scale-up potentially disruptive technologies by the Advanced Research Projects Agency - Energy (ARPA-E) of the US government Department of Energy (DOE) will go to battery and smart grid technologies.
‘Rapid scale-up of battery storage is key’ to preventing costly waste of wind energy in the UK
An increase of 20GWh of battery storage could reduce the amount of wasted wind power in Great Britain by 50%, according to new analysis from consultancy LCP.