Following a dramatic start to the year, Energy-Storage.news takes a look at what is driving price volatility in Britain and what battery energy storage could do about it.
The Green Investment Group (GIG), a company owned by financial services group Macquarie, is investing an unspecified sum into esVolta, a US-headquartered developer and owner of utility-scale energy storage projects.
A plan to invest CA$2.5 billion (US$1.97 billion) in the clean energy economy by the Canada Infrastructure Bank could lead to involvement in one of the world’s biggest battery energy storage projects so far.
Solar-plus-storage systems at customers’ homes in Hawaii will create a “comprehensive” virtual power plant (VPP) network on three Hawaiian islands of up to 6,000 individual systems.
Renewable energy developer Neoen last month published its plan for a new project in New South Wales, Australia, called the ‘Great Western Battery’ which will be among the country’s largest battery energy storage system facilities to date.
Energy company Total and solar-plus-storage developer 174 Global, a division of Hanwha Group, have formed a joint venture to develop utility-scale solar and storage projects with a total capacity of 1.6GW in the US.
At first glance, renewable power generation has created, in the eyes of traditional industries, an investment nirvana. By understanding how these better-capitalised companies view renewables’ merchant risk, we can identify where future energy storage projects should seek finance partners, says Charles Lesser, a partner at Apricum – The Cleantech Advisory.
Multinational utility Engie and renewables developer Neoen are to invest €1.2 billion (US$1.46 billion) in a large-scale solar-plus-storage project in south eastern France, which includes a 1GW solar system and 40MW of battery energy storage.
Canadian Solar said that construction has begun on a large-scale solar PV project combined with a four-hour duration battery storage system in California which the company has just sold to Goldman Sachs Renewable Power.
Technology providers Fluence and Wartsila have been chosen through a competitive solicitation process to supply up to 1,000MW of grid-scale battery energy storage to Australian energy generation and retail company AGL.
