Sodium-ion may be increasingly competitive for projects where total lifecycle economics matter more than initial procurement cost alone, the CEO of HyperStrong told us after the system integrator signed a 60GWh supply and co-operation agreement with CATL.
Hungary is entering a new phase of its energy transition, opening up new opportunities for energy storage investment. But bankability is still a challenge, so equity investment is needed, writes lawyer Daniel Orosz.
Hitachi Energy has entered a 20-year service agreement with Australian developer Akaysha Energy to support the 155MW/298MWh Ulinda Park battery energy storage system (BESS) in Queensland’s Western Downs region.
Australia’s New South Wales (NSW) has opened two tenders seeking 2.5GW of renewable energy generation and 12GWh of long-duration energy storage, marking the largest generation procurement in the state’s history under its Electricity Infrastructure Roadmap.
Lenders are increasingly willing to back large-scale BESS projects in Germany that don’t have any contracted revenues, although that merchant risk is priced in to structures, an executive at Aquila Clean Energy EMEA said.
Large-scale BESS projects have been progressed in Italy, Romania, Germany, Poland, Denmark and elsewhere in Europe, totalling around 1GW under construction, 1GWh soon to be, and another 1GWh at earlier stages.
Ford Energy, the wholly owned subsidiary of Ford Motor Company and developer EDF power solutions North America have announced a five-year battery energy storage system (BESS) supply agreement.
Chinese industrial automation and power technology firm Inovance Technology has filed its prospectus with the Hong Kong Stock Exchange, planning to raise around US$2 billion (RMB 13.7 billion) following strong growth in its energy storage business.
The Japanese association of grid operators has selected 19 battery storage projects totalling 1,251MW in the third running of a national capacity market auction.
