Managing investor expectations and monetising demand for flexibility are key to future-proofing the industry’s business case, financiers stress at Energy Storage Summit.
Co-location of large-scale energy storage systems with solar and wind generation is not an immediate prospect for the UK’s clean energy markets, although interest is there, an expert panel said today at the Energy Storage Summit.
Maoneng Australia has said energy storage can improve the reliability of solar and “minimise the technical and commercial impacts” of electric system modernisation, as the developer broke ground on a 255MW solar project in New South Wales, Australia.
Legislators in Minnesota have begun the first steps to establishing fair or optimal market conditions for the deployment of energy storage, setting out rules for determining the value of storage to the network.
Arizona Public Service (APS) has announced a plan to make solar energy dispatchable into the evening using batteries, calling for the deployment of 850MW of energy storage by 2025.
The installation will be used to provide “critical peaking capacity” and “increased” grid reliability. AES will provide a system with a four-hour duration based on Fluence’s Advancion platform. It will be leased under a 20-year contract with AES the owner and operator of the project.
With carbon reduction goals a long way off from being met in Europe’s transport sector, energy storage can play a key role in coupling transportation and energy technologies, the European Association for Storage of Energy (EASE) has said.
A new poll has identified energy storage as the most promising technology for institutional investors keen on renewable assets, amid plans by many to ramp up allocations.
SA Water, which delivers water to more than one-and-a-half million people in South Australia, has picked out local contractor Enerven to execute the roll-out of PV and battery storage across 70 of its facilities in the next 18 months.
