Puerto Rico’s 1GW RFP for renewables also calls for 500MW of energy storage
Puerto Rico has issued a request for proposals (RFP) to construct 1GW of renewable energy capacity and 500MW of battery energy storage on the island.
News
Overheating issues prompt recall and replacement for LG Chem Australia battery storage systems
LG Energy Solution, formerly known as LG Chem, is offering free replacements to customers for some of its battery energy storage systems sold in Australia due to potential defects that could cause overheating.
Long-duration ‘pumped heat energy storage’ startup Malta raises US$50 million in Series B round
Malta Inc, developer of a grid-scale electro-thermal energy storage technology, has closed a Series B funding round, raising US$50 million from investors that include Facebook co-founder Dustin Moskovitz.
ROUNDUP: Wind-solar-storage hybrid ‘grid ready’, AutoGrid in France, EDF 80MW UK optimisation deal
News in brief from around the world in energy storage.
CEFC offers US$127.6 million debt finance for 300MW Victoria energy storage project
Australia’s Clean Energy Finance Corporation (CEFC) has invested AU$160 million (US$127.6 million) in a 300MW battery storage project near Geelong, Victoria.
Shell expands role in VPP market with acquisition of German operator Next Kraftwerke
Shell Overseas Investments BV has acquired German virtual power plant (VPP) operator Next Kraftwerke, expanding its footprint in the space.
Biden Executive Order will put battery materials at heart of US climate technology ‘leadership’
With the US having rejoined the Paris Accord on the climate crisis last week, President Joe Biden has now signed an Executive Order which identifies the importance of mitigating risks in the supply chain for “large capacity batteries”.
Net zero transition ‘requires jigsaw of technologies’
The UK’s move to net zero emissions will require a reinforced distribution network and a varied mix of energy storage technologies to make the most of low-cost renewables generation, a panel has suggested.
Green hydrogen support frameworks must link supply with demand
Support frameworks which address both green hydrogen supply and demand, as well as cross-border initiatives, will be pivotal to delivering affordable green hydrogen, a panel has concluded.
‘It’s not all about’ Dynamic Containment in the UK
Although there is growing interest within the energy storage industry around the National Grid’s Dynamic Containment (DC) system, operators who tap into it must be ready to adapt and maintain other revenue streams, a panel of industry experts heard this week.
Long-duration opportunities will grow but bankability is main challenge
The energy storage market is poised for strong growth over the next decade and opportunities are likely to emerge for alternatives to lithium-ion that offer longer durations of storage, but three key challenges remain for those technologies.
Progress made on 40MWh battery storage benefitting First Nations communities in north Canada
Steps forward have been taken in the development of a grid-scale battery energy storage system (BESS) in the Yukon Territory, northern Canada, which will help stabilise the region’s grid and reduce reliance on fossil fuels.
UK investment manager Downing contracts Hyosung Heavy Industries for 50MW battery storage project
UK investment management group Downing LLP has announced its first utility-scale battery storage site in the country, a 50MW/53MWh project in Nursling, Southampton on England's southern coast.
Trina Solar is making LFP cells, launches energy storage division at Energy Storage Summit 2021
Update 2 March 2021: A Trina Storage representative contacted Energy-Storage.news to highlight that while the company is building out production capacity for lithium iron phosphate (LFP) battery cells for stationary energy storage, the major focus of the newly-launched division is on providing full integrated battery energy storage system (BESS) solutions to the renewables and grid storage markets.
How batteries play into ‘extremely precise’ Dynamic Containment
The benefits – and remaining challenges – of the UK’s new frequency response service Dynamic Containment (DC) were discussed at today’s Energy Storage Summit by a panel of experts and industry stakeholders.
Revenue stream development has been ‘a heck of a journey’
A look at this morning’s Energy Storage Summit 2021 keynote discussion, 'What is the key for really making money from batteries?' and the panel's thoughts on the increasingly complex range of revenue pathways.