UK power generation firm Drax will not bid its Cruachan II pumped hydro energy storage (PHES) project into the LDES cap and floor scheme, saying that costs have risen while ‘recoverability of capital’ is unclear.
Alper Peker and Dominic Multerer of Camopo explain how flexibility is the key to long-term profitability for hybrid renewables-plus-storage power plants.
Leading BESS owner-operators in the UK have signalled their opposition to the government’s cap and floor support scheme for long-duration energy storage (LDES) in an open letter. We spoke to one its signatories James Basden, founder of Zenobē, about why.
The commercial and industrial (C&I) energy storage market is experiencing rapid growth as industries worldwide focus on decarbonisation and energy efficiency.
Owner-operators BW ESS and Ingrid Capacity have secured a SEK628 million (US$65 million) green loan financing from Nordea Bank for a jointly-owned 211MW portfolio in Sweden.