The value of a front-of-meter battery energy storage system in California could be doubled or even trebled, by adding more than one revenue stream to the project, a new report says.
UK gas and electricity market regulator Ofgem has made a “game changer” decision for UK energy storage, by confirming that solar farms are able to retain accreditation under the government Renewables Obligation (RO) when supplying electricity to batteries.
France-headquartered mega-utility EDF has accepted delivery and installation of a flywheel energy storage system manufactured by Germany’s Stornetic, at EDF’s “full testing playground” south of Paris.
California-based energy storage technology developer Gridtential announced that it has closed US$11 million in financing led by 1955 Capital, with assistance from East Penn Manufacturing, Crown Battery Manufacturing, Leoch International and Power-Sonic Inc., as well as an existing investor in The Roda Group.
Australia’s biggest utility AGL, which has committed to phasing out coal by 2050, has said it is likely to replace the capacity provided by one ageing power station with batteries, peaking plants, demand response and pumped hydro.
Heating and cooling uses more than half of Europe’s energy, but the potential “immense value” of thermal energy storage has barely been explored, the head of an energy storage trade group has said.
India’s Ministry of New and Renewable Energy (MNRE) has issued a new order seeking to improve the quality of components in the solar sector, including batteries to be used for stationary energy storage.
It has been the US’ busiest quarter to date for behind-the-meter energy storage installations, driven in part by residential adoption in the advanced markets of California and Hawaii, GTM Research has found.
Swiss utility and power distribution company EKZ (Elektrizitätswerke des Kantons Zürich) is building a grid-balancing and renewables integrating 18MW / 7.5MWh energy storage system and has appointed NEC Energy Solutions to execute the project.
Los Angeles Department of Water and Power (LADWP) announced Wednesday that it has selected Doosan GridTech and its partner, KTY Engineering, to provide LADWP’s first battery energy storage system (BESS) with a capacity of 20MW at its Beacon Solar Plant in Kern County, California.
