The government of Estonia will financially back a 500MW pumped hydro energy storage project to meet the country’s need for long-duration energy storage, as the Baltics prepare to disconnect from Russia’s grid this weekend.
Although last year saw a dip in installations and projects submitted for planning, the BESS market in the UK continues to steam ahead with over 8GWh online and nearly 20GWh being built.
Developers Fidra Energy and Innova have secured planning consent for two large-scale BESS projects in the UK, which together total 2,425MW/5,150MWh of energy storage capacity.
A few weeks ago, a battery recycling deal was announced for a 640MWh BESS project in Australia, but the project isn’t even built yet and the cells have 25-year warranties – we caught up with the company recycling the batteries to hear more.
The government of Poland looks set to run further capacity market (CM) auctions with the specific aim of enabling gas plants to win, after BESS wiped the floor with the technology at the last auction.
A growing industry trend towards larger battery cell sizes and higher energy density containers is contributing significantly to falling battery energy storage system (BESS) costs.
We round up the last two months of BESS action in the GB (Great Britain) market, including project approvals, construction and applications, taken from the pages of our sister site Solar Power Portal.
LG Energy Solution is ‘proactively responding to market volatilities’ that have seen the South Korean battery manufacturer’s annual operating profits slide 73.4%.
Energy storage system integrator HyperStrong has concluded an IPO to list its shares on the Shanghai Stock Exchange’s STAR Market for science and technology innovation companies.
