Gore Street Capital, one of two stock market-listed battery storage developer-investor funds in the UK, is seeing its revenues for providing frequency response ancillary services hit record highs.
Cross-party backing for a new fossil fuel power plant in Australia has been criticised by experts and clean energy industry voices, who have said battery storage would be a more viable option to provide peaking capacity.
DSD Renewables, a solar PV and energy storage developer owned by Blackrock Real Assets, has acquired a six-site community solar-plus-storage greenfield project portfolio with 45 MW of solar and 88 MWh of battery energy storage systems (BESS) in Massachussets, USA.
Industry stakeholder organisations from across Europe have come forward to urge the European Union to support the adoption of long-duration energy storage in its European Green Deal.
Iberdrola expects its 880MW pumped hydro plant at the Tâmega energy storage complex in northern Portugal to become fully operational in the middle of this year.
A 100MWh gravity-based energy storage system developed by Energy Vault is expected to begin construction in China in the second quarter of this year, the Swiss-American startup has claimed.
Energy storage specialist Fluence and renewable energy market software and advisory firm Pexapark have entered into a long-term strategic partnership, confirming Fluence’s accelerated push into wider renewable energy and energy storage software services.
Investors are now becoming more comfortable with battery storage in the UK, with projects being profitable and cost-effective, according to industry experts.
France’s first high-voltage transmission grid-connected battery project colocated with a solar PV plant will be equipped with a battery energy storage system (BESS) from Saft.
