Optimising co-located BESS is “much more complicated” than standalone and few companies can do it well, panellists on Day 2 of Solar Finance & Investment Europe (SFIE) said.
The European Commission is targeting 90% renewable electricity by 2040 in the EU and sees energy storage as one of several key areas of investment to get there, according to a leaked draft.
Sunrun has published the results of its Peak Power Rewards system, which saw residential solar systems deployed amongst its customers provide an average of 27MW of power to the California electric grid for 90 consecutive days.
The amount invested in energy storage soared globally during 2023, while battery manufacturing will require the biggest share of spending among clean energy technologies by 2030 to achieve net zero.
Global demand for batteries for energy storage system (ESS) applications will grow 30% during this year, with the US leading the charge, LG Energy Solution has predicted.
Eesti Energi has completed the procurement for its 26.5MW/51MWh BESS, the first of that scale in Estonia, with LG Energy Solution among the successful parties.
IPP Neoen has started construction on a 2-hour 56.4MW/112.9MWh BESS in Finland, in the context of market dynamics which optimiser Capalo AI explained to Energy-Storage.news.
In a double whammy of Sweden BESS market news, developer SENS has secured the land for a 40MW project while system integrator Alfen will deploy a 20MW system at a wind farm.
