Trade association EASE has urged policymakers to recognise the vital role energy storage can play in solving energy sector challenges as European Union (EU) elections take place.
While short-duration BESS has flourished in Ireland, a ‘policy vacuum’ threatens the long-duration energy storage (LDES) rollout required for its renewables goals, research firm Cornwall Insights said.
Cumberland Council in England, UK, has granted planning permission for a 200MW/400MWh BESS project from developers Recurrent Energy and Windel Energy which, unless a new grid connection date is agreed, won’t start construction until 2029.
Utility Octopus Energy will pay Gresham House Energy Storage Fund (GRID) a fixed fee to use half of its UK BESS portfolio, at a price which it said is ‘above the current merchant revenue stack’.
Invinity Energy Systems, a technology company that develops vanadium redox flow batteries (VRFB), plans to expand its manufacturing footprint in Scotland, UK.
The government of Poland has proposed a de-rating factor for battery energy storage systems (BESS) in the next capacity market auction of 57%, which one developer warned would be a ‘lethal blow’ for 2- and 4-hour projects.
Business model innovation and considering how to integrate projects into the wider energy systems will be key for long-duration energy storage (LDES) companies, partners at VC firm RA Capital told Energy-Storage.news.
Market-ready artificial intelligence (AI) is a key feature of battery management to deliver sustainable revenues for a more competitive renewables market, writes Dr Adrien Bizeray of Brill Power.
Some long-duration energy storage (LDES) technologies are already cost-competitive with lithium-ion (Li-ion) but will struggle to match the incumbent’s cost reduction potential.
