Australian large-scale renewables investor Lyon Group has confirmed it is selling three projects under development, totalling 800MWh of energy storage and 545MW of PV generation capacity, in Queensland, Victoria and South Australia.
Amidst experiencing Model 3’s “production hell”, launching a semi truck, a new Roadster and a portable battery pack, Tesla’s work on a 129MWh energy storage system in South Australia appears on track to be completed in time.
Over the past couple of weeks, various flow battery makers have touted new sales and supply chain agreements as the fledgling sector fights for a share of the stationary energy storage market.
Trade associations the Australian Solar Council and counterpart the Energy Storage Council have merged together to form the national Smart Energy Council.
Battery Energy Storage Solutions (BESS), an investor and would-be asset owner in the UK, has raised more than £50 million (US$66.18 million) of outside investment, setting its sights on making energy storage project acquisitions in Britain.
The rise of energy storage will enjoy a similarly meteoric trajectory to that enjoyed by solar PV deployment in the past and could reach 305GWh of installations by 2030, BNEF has predicted.
Start-up Romeo Power has opened a lithium battery pack factory in Los Angeles, aimed at the EV and stationary energy storage markets, aiming to ramp up to 4GWh production capacity by next year.
Panellists at the opening day of Solar and Off-Grid Renewables Southeast Asia event in Bangkok warned that investors who come on board quickest are going to gain a huge advantage as solar-plus-storage starts to become viable at scale.
While energy storage can be considered “critical” to Australia’s transformation to a distributed, low carbon energy mix, a lack of investment and planning for the technology could have negative consequences for the network.
UK renewables and battery developer Anesco has warned that the looming de-rating of battery storage in the Capacity Market risks scaring investors away from the technology.
