While energy storage is still a small part of their respective businesses overall, recent quarterly financial reports from US-based geothermal company Ormat and standby generator maker Generac emphasised expectations of market growth going forwards.
Anesco, the developer of a subsidy-free solar farm in England which has onsite battery energy storage, has sold the plant on to hybrid solar solutions company GRIDSERVE.
AES Corporation reaffirmed its 2020 financial guidance in presenting its latest quarterly results, which showed a total backlog of renewables and energy storage contracts of 6.2GW, while the company said it will reduce generation from coal to less than 30% of its total capacity by the end of this year.
“Preventing a service event from becoming a catastrophic one,” is how Cadenza Innovation CEO Christina Lampe-Önnerud describes the way her company’s lithium-ion ‘Supercell’ battery architecture reacts to thermal runaway.
The first grid-scale battery energy storage project in the Canadian province of Alberta is on-track to go into operation this month, while TransAlta, the company behind the project, has expedited plans to retire a coal plant citing “future market conditions”.
It is likely Spain will introduce “important regulatory changes in the coming years” to enable the European country to meet a national target of deploying 2.5GW of energy storage by 2030, analysts at consultancy firm Clean Horizon have said.
A “first-in-the-nation” policy called the Clean Peak Standard has been launched in Massachusetts, US, whereby a proportion of electricity used on the grid at times of highest demand must be considered ‘clean’.
Stationary energy storage in support of electric vehicles (EVs) charging could reach a global installed capacity of 1,900MW by the end of 2029 according to a new Guidehouse Insights report.
The US Federal Energy Regulatory Commission (FERC) hosted a technical conference on hybrid resources – pairing storage with generation – examining in order to overcome barriers that exist to the otherwise fastest-growing phenomenon of the grid.
