Energy technology company Wärtsilä has announced battery energy storage system (BESS) projects in two new markets for the company, with orders from customers in Chile and Belgium.
A “novel and innovative” technology which uses CO2 as a medium to store energy could be made using off-the-shelf equipment and made available to the market as early as next year, the company behind it has said.
Supply chain shocks are causing short-term rises in the price of lithium-ion battery packs, but overall the price trend is downward and by 2024 average prices could dip below US$100/kWh.
London Stock Exchange-listed energy storage investor Gresham House Energy Storage Fund has secured a £380 million (US$507 million) funding package from major UK retail bank NatWest.
The Portuguese island of Madeira will be able to radically reduce its fossil fuel consumption while keeping electricity supply stable and reliable, thanks to battery energy storage system (BESS) technology.
Around 20 energy storage systems (ESSs) are to be deployed at roadside service stations in the UK where the grid supply isn’t enough for rapid charging infrastructure, the country’s government has said.
Annual residential battery storage installations in Europe passed the 100,000 mark for the first time ever in 2020, reaching a cumulative total of 3GWh capacity.
