Europe’s residential battery energy storage systems (BESS) market is expected to continue its upward trajectory in the coming years after 745MWh of additional capacity was installed in 2019, representing a 57% increase year-on-year.
Energy storage including short duration and seasonal technologies ranging from lithium batteries to hydrogen could help mitigate the impacts of negative power prices in Europe, an analyst has said.
Sonnen founder Christoph Ostermann will be succeeded as CEO by chief operating officer Oliver Koch tomorrow, as the Germany-headquartered energy storage system maker targets its “next growth stage”.
In this final piece of in-depth Battery Day coverage, let’s take a closer look at the technology, manufacturing techniques and value chain improvements Elon Musk and Drew Baglino talked about.
Northvolt has now raised in excess of US$3.5 billion of financing towards its aim of establishing 150GWh of advanced battery manufacturing facilities in Europe by 2030.
ENGIE EPS incurred increases in operating expenses and extraordinary costs due to COVID-19 which “more than offset” an increase in revenues that ENGIE’s energy storage subsidiary earned in the first half of this year.
The greatest value aggregrators putting batteries and other assets in the UK’s electricity markets offer to their customers today is in providing access to the Balancing Mechanism (BM), through which the electricity system operator National Grid ESO matches supply and demand in real-time.
A multi-gigawatt co-location market looks set to take off within the next five years, however uncertainty over DC coupling, the need for costly symmetric grid connections and outdated regulatory frameworks risk stymying the market’s growth.
It will be in the interests of more or less everybody involved in the “broader lithium-ion battery supply chain” to establish effective recycling ecosystems, according to an analyst with IHS Markit.
