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energy storage definition law bundestag germany

Germany finally gives energy storage its own legal definition

June 29, 2022
The German parliament has passed law amendments giving energy storage its own legal definition, in a move welcomed by industry sources.
pumped hydro energy storage switzerland

20GWh pumped hydro energy storage plant starting operations in Switzerland

June 29, 2022
A pumped hydro energy storage (PHES) plant with a capacity of 20GWh in Valais, Switzerland, will begin operations on Friday, 1 July.
FCAS services remain the biggest revenue stream for most BESS assets in Australia, like the Hornsdale Power Reserve (pictured). Image: Neoen.

Hornsdale Power Reserve issued with penalty for failure to deliver contingency services

June 29, 2022
Hornsdale Power Reserve in South Australia has been fined for breaching National Electricity Rules over a three month period in 2019.  
An existing community, or neighbourhood battey site in Western Australia. ARENA has called for systems of between 500kW and 5MW from applicants. Image: Horizon Power.

Australia ‘should adopt energy storage target, drop capacity mechanism plans’

June 29, 2022
Australia’s Clean Energy Council calls for an energy storage target, while arguing that a plans for a capacity mechanism should be scrapped.
energy dome co2 battery

Energy Dome raises US$11 million in bridge financing

June 28, 2022
Energy Dome, an Italy-based company which has developed a novel CO2-based long-duration energy storage system, has closed an US$11 million bridge funding round.
quinbrook

Quinbrook to build 460MWh BESS at former coal plant site in Wales, UK

June 28, 2022
Investor Quinbrook Infrastructure Partners has acquired exclusive project development rights for a 230MW/460MWh battery energy storage system (BESS) in Wales, UK.
Revenue offsets reduce cost of distribution services, according to analysis in the white paper. Image: Energy Storage Canada.

Rule changes needed ‘to let battery storage lower Ontario’s electricity network costs’

June 28, 2022
Energy storage can enhance the reliability and lower the costs of operating and maintaining Ontario’s electricity distribution network.
connected energy second life renault nissan mercedes

Connected Energy CEO on getting second-life business model ready for EV industry boom

June 28, 2022
Matthew Lumsden, CEO Connected Energy, talks us through scaling up the business in preparation for an EV boom from 2025 onwards.
IESA's VISION 2030 report was launched at India Energy Storage Week earlier this month. Image: IESA.

IESA: India ‘needs at least 160GWh of energy storage’ to meet 2030 renewable energy target

June 27, 2022
To integrate a targeted 500GW of non-fossil fuel energy onto India’s networks by 2030, at least 160GWh of energy storage will be needed.
sunlight group

Sunlight Group bags US$290 million in loans

June 27, 2022
Greece-based battery manufacturer Sunlight Group has received €275 million (US$290 million) in loan financing to expand production and research.

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