Battery energy storage system (BESS) technology could reduce the cost of curtailing wind production in the UK by up to 80%, after over US$1 billion was spent last year, a developer said.
The government of Estonia has signed a Memorandum of Understanding (MoU) for what would be the Eastern European country’s first pumped hydro energy storage (PHES) facility.
Big investments are being made into the battery recycling sector in Europe as the continent looks to increase the domestic supply of critical materials for its lithium-ion gigafactory projects.
Energy security concerns are very real, but jumping into a ‘dash for gas’ would be a mistake, and LNG is not the answer, writes Eric Dresselhuys, CEO of ESS Inc.
The “momentum behind energy storage,” leading to its wider adoption across the grid in Europe is becoming increasingly undeniable, Energy-Storage.news Premium has heard.