Data from UK consultancy Cornwall Insight shows that profits for battery storage units in the country will rebound by 2026 after “an extended period of underperformance”.
On the first day of All-Energy Australia 2024, held in Melbourne on October 23, Kate Clark, programme manager at Victoria’s Department of Energy, Environment, and Climate Action, stated: “There are many different definitions and types of value that can be generated by community batteries.”
Council members at the City of Katy in Texas have voted to deny a Special Use Permit (SUP) for a 500MW standalone BESS project proposed by independent power producer (IPP) Vesper Energy.
Transferability and the Inflation Reduction Act (IRA) have opened up tax equity financing to the wider corporate world, but significant risks remain with so many new entrants, tax credits specialist Foss & Company told Energy-Storage.news.
Another edition of news in brief from the UK, as the National Energy System Operator pledges to improve Balancing Mechanism ‘skip rates’ and a 1GW project gets local authority approval.
Aura Power-ib vogt JV, along with Neoen, have recently submitted applications with the Alberta Utilities Commission to construct three projects with a 425MW/1,250MWh cumulative battery storage capacity.
A total of US$17.6 billion was invested in the energy storage industry across 83 announced deals in the first nine months of the year, according to comms and market intelligence firm Mercom.
Specialist renewable energy insurance company kWh Analytics considers thermal runaway to still be the single most important risk that energy storage system developers must consider.
