Energy storage could save taxpayers in Germany some €3 billion (US$3.3 billion) in subsidies for renewable energy assets by 2037, simply by increasing demand in the wholesale electricity market.
Three large-scale battery storage projects and one virtual power plant were the winners of a recent competitive tender held on behalf of the government of New South Wales (NSW), Australia.
New guidance from the US government clarifying rules around tax credit incentives for energy storage and offshore wind energy has been welcomed by clean energy trade associations.
Dominion Energy will pilot the deployment of a novel metal-hydrogen battery, making it the latest new non-lithium technology the US utility is trying out.
Bids have been received by Latvia’s grid operator AST for an 80MW/160MWh BESS project while developers Corsica Sole and Everon will build a 200MW system in Estonia, as the Baltic region prepares to decouple from Russia’s electricity system in 2025.
We caught up with Birger Steen, CEO of lithium-ion gigafactory company Freyr Battery, about its recent decision to minimise European investments in light of the Inflation Reduction Act, discussing a potential policy response and its approach to ESS and using conventional technologies.
The US Department of Energy (DOE) has earmarked up to US$3.5 billion of new capital for battery manufacturing, a week after European gigafactory company Freyr announced it would only be scaling in the US for now.
Switzerland-based institutional investment group SUSI Partners has entered a development deal for two large-scale solar-plus-storage hybrid power plants in Chile.
