The cost of Lithium-ion battery packs has fallen close to 90%, and rates lower than US$100/kWh have been reported for the first time, foreshadowing rapid declines across the energy storage market.
The European Union (EU) looks set to introduce the “most extensive product legislation in the world for batteries,” but its potential shortcomings include the risk that battery prices could go up and that established manufacturers from Asia might be better positioned to benefit from the rules than the new European value chain.
The latest edition of PV Tech Power – PV Tech Power 25 – is now available to download from the PV Tech Store. Volume 25 of our downstream solar journal tackles a number of the most pressing topics in utility-scale solar development today and includes Storage & Smart Power, the section contributed to every edition by the team here at Energy-Storage.news.
The award of contracts to battery storage developers in a recent auction by Italy’s transmission system operator proves the technology’s competitiveness in providing grid services once again, an analyst has said.
Italy’s transmission system operator Terna has awarded five-year contracts for battery energy storage systems (BESS) to provide Fast Reserve grid services in an oversubscribed pilot auction.
There are 7GW of battery energy storage projects that have either been proposed or are in the planning process in Australia, with the average project in that pipeline sized at around 150MW.
The UK needs “robust energy storage technologies and clear strategies for implementing them,” to accelerate the transition towards decarbonisation, the lead author of a new roadmap detailing the role of energy storage technologies in the country over the next 10-15 years has said.
For California to achieve its target of eliminating greenhouse gas (GHG) emissions from its electricity sector by 2045, the state will need to deploy between 45GW and 55GW of long-duration energy storage, a new study has found.
