Red tape, costs and logistical hurdles for large-scale battery storage and hybrid systems to participate in Australia’s National Electricity Market (NEM) will be cut under new Australian Energy Market Commission (AEMC) rules.
A “novel and innovative” technology which uses CO2 as a medium to store energy could be made using off-the-shelf equipment and made available to the market as early as next year, the company behind it has said.
Supply chain shocks are causing short-term rises in the price of lithium-ion battery packs, but overall the price trend is downward and by 2024 average prices could dip below US$100/kWh.
Wells Fargo has closed its first tax equity investment into a solar project paired with battery storage, a large-scale plant being built in New Mexico, US.
The CEO of Key Capture Energy has said the company will immediately be able to apply lessons learned from a 20MW battery project in New York to its pipeline of much bigger projects in the state to come.
Canadian Solar subsidiary CSI Solar has signed a strategic cooperation framework agreement with Contemporary Amperex Technology Co. Ltd. (CATL) that will focus on energy storage and renewable energy technology.
London Stock Exchange-listed energy storage investor Gresham House Energy Storage Fund has secured a £380 million (US$507 million) funding package from major UK retail bank NatWest.
