Clearly, renewable energy is now a viable alternative to traditional generation from a cost perspective. However solar and wind’s penetration of the grid is constrained by ageing infrastructure, high grid connection costs and their intermittent, weather-dependent nature. Scott McGregor looks at how long-duration energy storage on an industrial scale can help.
French hybrid energy storage solutions provider Electro Power Systems has secured an equity-linked financing deal to the sum of €30 million (US$31.88 million) with the European Investment Bank (EIB).
