Australian renewable energy developer Genex Power has achieved financial close on what looks likely to be the country’s first new pumped hydro energy storage (PHES) plant in nearly 40 years.
Stem Inc claimed to be on track to achieve its 2021 full year revenue guidance of US$147 million, after reporting a year-over-year increase in revenues of 245% for the first quarter ending 31 March.
This expert panel from the Energy Storage Summit 2021 brought together leading figures in the finance community to discuss the different financing and business models they’ve seen, and how they expect the market to evolve for energy storage in the UK.
Large-scale liquid air energy storage (LAES) systems which can store and discharge energy for up to six hours are being planned in Spain by technology provider Highview Power.
New technology which can help prevent flammable gas build-up in lithium-ion battery storage systems is being made available for “low-cost, non-exclusive licensing” by the US Department of Energy’s Pacific Northwest National Laboratory (PNNL).
There are perhaps four or five US states which have become prolific in their deployment of battery energy storage systems, but it’s also interesting to hear about what’s happening in regions where that development is still at an earlier stage.
Gatekeepers of the electric grid – and electricity markets – in the US discuss the primary challenges facing energy storage and reveal what their organisations are doing to unlock the true value of batteries and other storage.
The US’ Federal Energy Regulatory Commission (FERC) has blocked a request to delay implementation of new market participation rules for energy storage made by the Mid-Continent Independent System Operator (MISO).
Over a gigawatt of battery storage has been proposed in a plan to enable the wider rollout of renewables by Powercor, owner and operator of an electricity distribution network serving more than 800,000 customers in the Australian state of Victoria.
