There has been a substantial drop in the levels of new battery capacity being entered into consideration for the UK’s Capacity Market (CM) mechanism, according to the prequalification results of the next auctions.
Australian Vanadium (AVL) and VSUN Energy have signed an agreement to work with the Future Batteries Industry Cooperative Research Centre (FBI CRC) on developing vanadium extraction and processing skills, particularly in Western Australia.
State-run utility Electricity Generating Authority of Thailand (EGAT) is planning to facilitate 1GW of hybrid floating solar-hydro projects across eight dams throughout the country, while the national government is piloting large-scale battery energy storage.
Contruction of a Tesla powerpack battery at the 60MW Gannawarra solar farm in Victoria, Australia – said the be the first battery storage system that has been retrofitted to an existing solar farm in the country – has been completed ahead of schedule.
NantEnergy has acquired Sharp Electronics Corporation’s US-based energy systems and services business, which develops and delivers energy management systems across the country.
RWE has ‘frozen’ it’s planned 100MW battery at the proposed Tilbury Energy Centre amidst concerns that the project’s Combined Cycle Gas Turbine (CCGT) would not be able to secure contracts in the UK’s forthcoming Capacity Market auctions.
The global energy storage market will grow to a cumulative 942GW/2,857GWh capacity by 2040, attracting US$620 billion in investment, caused by sharply decreasing battery costs, according to a Bloomberg NEF (BNEF) report.
Transmission system operators in the US have begun making their moves to accommodate energy storage into their wholesale markets, with New England ISO and Southwest Power Pool both making filings in the past month.
Sembcorp will collaborate with Singapore’s Energy Market Authority (EMA) as part of a pilot programme to support the deployment of energy storage in the country.
