Renewable energy marketplace creates a financial contract that “complements” existing power purchase agreements (PPAs) between corporations and developers.
In this final episode of the Solar Media Podcast for 2020, Liam Stoker and Andy Colthorpe reflect on the biggest stories of the year and gaze into their crystal balls for 2021.
The cost of Lithium-ion battery packs has fallen close to 90%, and rates lower than US$100/kWh have been reported for the first time, foreshadowing rapid declines across the energy storage market.
Google is investing in battery energy storage to serve as a backup power solution at one of its data centres, in a project described as a first step in changing data centres “from climate change problems to critical components in carbon-free systems”.
A 100MW battery storage facility in Co. Offaly in Ireland has this week been energised, having been developed as part of a partnership between local developer Lumcloon Energy and South Korea’s Hanwha Group.
The first of Spain’s new clean energy auctions is set to take place next month, in a pay-as-bid system that the government said “will be compatible with energy storage”.
The European Union (EU) looks set to introduce the “most extensive product legislation in the world for batteries,” but its potential shortcomings include the risk that battery prices could go up and that established manufacturers from Asia might be better positioned to benefit from the rules than the new European value chain.
