Construction has started on a 3.5GWh pumped hydro plant in Gran Canaria, Spain, and progress has been made on two other projects totalling 18GWh of storage in mainland Spain and Nevada, US.
Industry-watchers will closely follow how the recently completed acquisition of energy storage system integrator NEC ES by LG Energy Solution pans out.
Genex Power has received credit approvals on a AU$35 million (US$25.26 million) debt finance facility for its 50MW/100MWh Bouldercombe battery energy storage system (BESS) project in Queensland, Australia.
Utility-scale battery energy storage system (BESS) installations in the US grew 196% to 2.6GW in 2021 but overall clean power installations fell 3%, according to the latest annual figures from the trade body American Clean Power Association (ACP).
Energy storage industry executives have urged US legislators to swiftly reach a consensus on the Build Back Better Act, with a strong emphasis on introducing the investment tax credit (ITC) for standalone storage.
Australian energy retailer Origin Energy intends to build a 700MW battery storage system on the site of a coal power plant for which it has brought forward a planned retirement date by seven years.
Following last year’s acquisition, independent power plant developer Green Frog Power has rebranded as Pulse Clean Energy and unveiled a target of 1GW+ of energy storage assets in the UK.
Trina Storage has completed the supply of its first UK battery energy storage system (BESS), the 50MW/56.2MWh fully integrated grid-scale battery energy storage system owned by SMS plc
LG Energy Solution, the battery technology arm of South Korea’s LG Group, has completed its acquisition of 100% ownership in battery energy storage system (BESS) integrator NEC ES.
Convergent Energy + Power has celebrated the successful commissioning and start of commercial operations at two battery energy storage system (BESS) projects with a combined capacity of 60MWh in California, US.
