Developer Upstream Energy has negotiated a resource adequacy (RA) agreement with California community choice aggregator (CCA) Clean Power Alliance (CPA) associated with the developer’s standalone Olinda BESS project located in Los Angeles County, California.
The Australian government has approved the development of HumeLink, an almost AU$5 billion (US$3.1 billion) energy transmission project that will unlock the 350GWh Snowy 2.0 pumped hydro energy storage (PHES) expansion.
Western Australia’s Economic Regulation Authority has set the peak and flexible benchmark reserve capacity prices (BRCPs) at AU$360,700/MW (US$224,898/MW) annually from 2027-28.
The UK is in the middle of a massive overhaul of its queue system for connecting projects to the grid, and BESS is one of the most oversubscribed technologies, leading to a “nervousness” for a lot of projects, law firm Freeths said.
Long Island Power Authority (LIPA) in New York, US, has finalised contract negotiations for two large-scale BESS projects proposed by Key Capture Energy.
State-owned EPC firm China Power Construction Group (Power China) recently concluded a 16GWh BESS supply tender, which resulted in extremely low prices amidst a squeezing of market share and increased buying power from state-owned companies, an S&P analyst told Energy-Storage.news.
Engie has signed an ‘energy storage as a service’ contract with technology provider Energy Dome for a long-duration energy storage (LDES) project in Sardinia, Italy.
