Greenbacker Renewable Energy Company and Blackstone-owned Aypa Power have acquired pre-operational battery energy storage system (BESS) developments totalling 110MW of power.
Although different energy storage technologies are often thought of as in competition with each other, it’s a case of all-hands-on-deck if we are to achieve deployment targets.
Pandemic-related supply chain issues for lithium battery materials hitting the energy storage space are just “bumps in the road” for the sector, and the supply chain will “come out stronger because of it”.
US President Joe Biden announced a “major investment in domestic production of key minerals and materials” this week, including efforts to strengthen supply chains of lithium and other materials used in batteries.
Investors are becoming increasingly comfortable with energy storage as an asset class but numerous regulatory and market design hurdles remain across European markets.