A US$57.67 million loan towards the development cost of large-scale battery energy storage system (BESS) projects will be made to South Africa’s public electricity utility Eskom by the African Development Bank.
A 1,200 hectare site in South Australia has been secured by a developer hoping to use it to build a 300MW solar power site with 3.6GWh of energy storage, based on a novel technology solution.
The government of Alberta, Canada, has announced that CA$25 million (US$20.1 million) in financial support has been offered for solar-plus-storage and pumped hydro energy storage as part of a CA$176 million package that will also give funding to oil and gas industry projects.
The installed cost of solar PV, solar-plus-storage and standalone battery energy storage in the US was reduced across all market segments between 2020 and 2021, with the biggest drop seen in the utility-scale segment.
Energy storage technologies have largely been ignored in discussions at and around COP26 climate talks. That’s not good enough, argues Amit Gudka of Field.
A new CEO-led organisation representing a broad range of long-duration energy storage technologies and their role in achieving global energy system decarbonisation has launched today.
Two 100MW battery energy storage system (BESS) projects in Texas have been brought online by independent power producer (IPP) Broad Reach Power, for participation in the Electricity Reliability Council of Texas (ERCOT) market.
Fluence’s initial public offering (IPO) raised just under a billion dollars, with all available shares of the energy storage company’s Class A common stock snapped up as they listed on the Nasdaq Global Select Market.
