The high rates of return in the UK energy storage market seen in the last 6-12 months are unlikely to continue going forward as capex costs increase and ancillary markets saturate.
Endesa Generación Portugal, part of Enel, has been award the connection rights to develop a renewable energy project combining solar, wind, green hydrogen and a 168.6MW battery energy storage system (BESS) to replace the country’s last coal station.
It’s been a positive week for thermal energy storage technology, with utility Edison International validating a cold storage solution, a collaboration between two groups to achieve 100% round trip efficiency, and an acquisition involving several intellectual property rights patents.
The government of Kosovo this week announced it will build a battery energy storage system (BESS) with a capacity of 200MWh-plus to deal with the country’s energy crisis.