Battery Energy Storage Solutions (BESS), an investor and would-be asset owner in the UK, has raised more than £50 million (US$66.18 million) of outside investment, setting its sights on making energy storage project acquisitions in Britain.
The rise of energy storage will enjoy a similarly meteoric trajectory to that enjoyed by solar PV deployment in the past and could reach 305GWh of installations by 2030, BNEF has predicted.
Start-up Romeo Power has opened a lithium battery pack factory in Los Angeles, aimed at the EV and stationary energy storage markets, aiming to ramp up to 4GWh production capacity by next year.
The goal of the project, as with the rest of Centrica’s activities in Cornwall, is to harness renewables and smart energy technologies to free up capacity on the local grid and provide flexibility to the distribution network operator or the national grid.
UK renewables and battery developer Anesco has warned that the looming de-rating of battery storage in the Capacity Market risks scaring investors away from the technology.
Eelpower has commissioned a 10MW battery energy storage system (BESS) in England, backed with both frequency response and capacity market contracts, in the first of a new pipeline of projects being planned by the company over the next decade.
Intended to “kick start concrete projects”, the European Commission is set to allocate a further €200 million (US$235.53 million) towards supporting the scale-up of lithium battery manufacturing on the continent.
Centrica has revealed plans to build a single 100MW battery energy storage system in Ireland for delivery by 2022 to take advantage of capacity market and grid services opportunities currently under development.
A new solid state electrolyte for lithium batteries developed by Panasonic and nano-electronics and digital tech innovation hub imec has achieved “exceptionally high” ionic conductivity at room temperature.
What is thought to be the largest operating containerised vanadium redox flow machine system in the UK has been connected to the grid by manufacturer redT energy, with the 1MWh project becoming the first to sign up to a local energy market being set up by British multinational utility Centrica.
