British investment trust, The Renewables Infrastructure Group (TRIG), has become the latest investor to enter the large scale energy storage market after buying a 20MW project from RES for £20 million (US$25.9 million).
In the past month we have heard a lot about the future of storage in the UK. From plans by the government and regulator to enable greater flexibility across electricity networks to changes to technical rules governing the market, there’s been a sense that a great deal is changing. Analyst Lauren Cook of Solar Media’s in-house market research team takes a look at the utility-scale pipeline figures behind the headlines.
Pierre-Pascal Urbon, CEO of solar inverter manufacturer SMA, has said that the company is anticipating medium-term “exponential growth” in the energy storage market, reporting a “positive performance” in storage-related sales.
Arizona Public Service (APS) announced Wednesday that rather than rebuild miles of electricity transmission lines, it will install two battery storage systems totalling 8MWh in rural Punkin Center, Arizona — making it one of the first electricity companies in the US to utilise batteries instead of traditional infrastructure.
Nidec ASI will be installing 5MW / 5MWh of battery energy storage at a utility-scale wind farm on the French island territory of Martinique, aimed at stabilising and maximising the flow of energy onto the grid.
The sale of an NEC Corporation business division involved in manufacturing lithium-ion batteries will have no material impact on the group’s activities in energy storage, according to a company spokesman.
There is a global trend towards longer duration energy storage and even in this segment, lithium-ion batteries are expected to dominate the market over flow batteries and other technologies, an I.H.S Markit analyst has told Energy-Storage.News.
A 100MW tender for energy storage, part of a 400MW auction for renewable energy projects, has been officially launched by the regional government of Queensland, Australia.
