Energy-Storage.news Premium speaks with John Farrell, Co-Director of The Institute for Local Self-Reliance (ILSR), on rising utility costs and the role energy storage can play.
South Korea’s Samsung SDI has signed its first US lithium iron phosphate (LFP) cell deal, while Chinese integrator Trina Storage has expanded an existing supply partnership.
The recent introduction of 15-minute settlement periods across European power markets could result in significantly higher profits for battery storage asset operators.
Last month was the first time since June that both pre-application submissions and full planning consent submissions for grid-scale UK BESS surpassed 1GWh – just before NESO announced the results of its grid connection queue reshuffle.
Cell manufacturing overcapacity and intense competition contributed to an 8% decline in the average cost of lithium-ion battery packs, according to BloombergNEF.
Battery energy storage systems (BESS) equipped with grid-forming inverters have emerged as essential components for maintaining system stability in Australia’s National Electricity Market (NEM) as renewable energy penetration increases.