Battery software company Arenko has teamed up with National Grid ESO to provide upward and downward reserve flexibility in a “first of its kind trial”.
Merchant energy storage has become an investable asset class in the UK, a provider of battery optimisation services has said, with the market moving away from an emphasis on contracted revenue streams for supplying grid services.
Long duration energy storage is an “essential” technology to help accelerate renewable deployment, according to the US Department of Energy’s Dr Imre Gyuk, but will require “appropriate regulatory frameworks”.
The Asian Development Bank (ADB) has signed a loan deal for its first wind energy-plus-battery storage project in Thailand, which is also the country’s first private sector initiative to combine the two technologies at scale.
After we reported earlier this month that despite the impact of COVID-19, progress continues to be made on nearly every one of more than 70 projects underway by energy storage technology provider Fluence, here’s the full interview with Fluence’s chief operating officer John Zahurancik that that news story came from.
Construction looks set to begin this year on a factory building flow batteries, as a joint venture (JV) formed by German tech company Schmid Group and Saudi Arabian investment company Nusaned closed the transaction to seal its partnership.
South Korean lithium-ion battery manufacturer SK Innovation will begin construction on the second of two manufacturing plants in the US state of Georgia this summer, with the first already under construction.
Energy solutions company Alfen has seen its quarterly revenue climb across all three of its business lines, with its energy storage arm seeing revenues increase by 144% against the first quarter of 2019.
Two grid-scale battery energy storage projects, one just completed in Texas and one just announced in California, give an indication of the growing market opportunities in the US’ regional grid operators’ service areas.
Fluence has been able to keep working on “all but two or three” of 73 utility-scale battery projects, with battery energy storage increasingly considered an essential part of grid infrastructure in many parts of the world.
