Texas’ grid and the idiosyncrasies of its electricity planning system regime made global headlines in February following a harsh winter storm and subsequent blackouts that affected millions of people and businesses for almost an entire week. It may be a unique market with unique characteristics, but what wider role can batteries — and other energy storage technologies — play in assisting the grid to remain stable and prevent a situation like this from happening again?
The sudden and rapid use of Special Purpose Acquisition Companies (SPACs) to launch privately-held companies into publicly-listed entities is a minor phenomenon of our time and some players in clean energy industries including energy storage, have been quick to join the wave. It can work out really well, but it can also all end in tears: so choose wisely, says Charles Lesser, partner at Apricum – The Cleantech Advisory.
Australia’s Clean Energy Finance Corporation (CEFC) has invested AU$160 million (US$127.6 million) in a 300MW battery storage project near Geelong, Victoria.
With the US having rejoined the Paris Accord on the climate crisis last week, President Joe Biden has now signed an Executive Order which identifies the importance of mitigating risks in the supply chain for “large capacity batteries”.
The UK’s move to net zero emissions will require a reinforced distribution network and a varied mix of energy storage technologies to make the most of low-cost renewables generation, a panel has suggested.
A look at this morning’s Energy Storage Summit 2021 keynote discussion, ‘What is the key for really making money from batteries?’ and the panel’s thoughts on the increasingly complex range of revenue pathways.
Greek industrial group Mytilineos has acquired a portfolio of solar and battery storage projects in a €56 million (US$67.8 million) transaction it says “heralds the transition to a new era” for the company.
