Managers of the UK’s largest BESS owner-operator Gresham House Energy Storage Fund (GRID) discussed recent investment news and future strategy this week.
The German network regulator’s decision to maintain grid fee exemptions for battery storage “ensures that billions in private investment remain directed” into the market, Energy-Storage.news has heard.
South Australia’s first Firm Energy Reliability Mechanism (FERM) tender has awarded agreements to six battery energy storage projects totalling 1,334MW and 5,336MWh.
TagEnergy has commissioned a 240MW/480MWh project in France while Iberdrola has done the same with a 58MW/120MWh system in Spain, the two largest projects in each country. Meanwhile Engie, ACL Energy and Chint Solar Europe have moved to construction on projects in Belgium, Italy and Germany.
The California Energy Commission (CEC) has approved a 400MW/3,200MWh grid-scale battery storage project through the state planning agency’s Opt-In Certification Program.
The US can currently produce enough solar and battery energy storage system (BESS) modules to meet domestic demand, according to clean energy trade body American Clean Power (ACP).