Clearly, renewable energy is now a viable alternative to traditional generation from a cost perspective. However solar and wind’s penetration of the grid is constrained by ageing infrastructure, high grid connection costs and their intermittent, weather-dependent nature. Scott McGregor looks at how long-duration energy storage on an industrial scale can help.
UK flow battery provider redT will deliver a 1.08MWh energy storage project to support the distributed energy system in Cornwall, England, and potentially take part in utility Centrica’s developing ‘virtual energy marketplace’.
Siemens has been contracted by German public utility Stadtwerke Schwäbisch Hall to deliver and install a 1.4MWh battery storage system to be used to market primary control reserves.
French hybrid energy storage solutions provider Electro Power Systems has secured an equity-linked financing deal to the sum of €30 million (US$31.88 million) with the European Investment Bank (EIB).
A consumer protection scheme for domestic renewables has revealed that it received at least one complaint a week during 2016 related to battery storage, half of which concerned mis-selling practices.
Younicos CEO Stephen L. Prince ponders the role of energy storage within the three ‘Ds’ revolutionising energy: digitisation, decentralisation and decarbonisation.
Japanese utility/grid operator Tokyo Electric Power Company (TEPCO) has invested half a million pounds (US$624,000) into UK residential energy storage system provider Moixa.
Leclanché has hailed recent project wins and a potential 450MW pipeline in reporting an improvement on its finances, which the company’s CFO has called “the first stage of our journey towards EBITDA breakeven”.
The latest project to be dubbed “Europe’s largest battery” will be a 50MWh project from Dutch energy supplier Eneco and Japanese conglomerate Mitsubishi Corporation in Jardelund, Germany.
