A unanimous vote taken by the US regulator FERC (Federal Energy Regulatory Commission) which would allow energy storage and other distributed energy resources to play into wholesale markets has been hailed as a “significant step” forward.
The winner of India’s first major solar-plus-storage auction, which has subsequently been scrapped for retendering, has said that despite being an unfortunate development, the firm is still keen to work closely with government on this technology for which the economics are continuously and rapidly improving.
A US government energy saving scheme will pay out US$40 million for the development of a solar-plus-storage microgrid at a missile test site operated by the country’s military.
The European Investment Bank (EIB) has approved a loan request from Northvolt that will see the bank provide a financing facility of up to US$64.8 million to support Northvolt’s pilot demonstration facility.
Vertically-integrated solar energy company First Solar will be involved in the first megawatt-scale battery system announced in Arizona since it was revealed the state could put a 3,000MW energy storage deployment target in place.
The latest auction for the UK’s Capacity Market cleared at a record low price at the end of last week as battery storage projects seemingly struggled to compete.
The UK’s government must “take the brakes off” the progress of energy storage by implementing the right policy framework without delay, according to Members of Parliament (MPs) from across the political spectrum.
Energy storage in the state of South Australia has continued its prolific pace of development with the announcement of two new grid-scale projects and a sizeable commercial and industrial (C&I) installation.
California has proved energy storage is both effective and cost-effective as a capacity resource, leading to one utility being instructed to hold competitive solicitations for energy storage, the head of the California Energy Storage Alliance (CESA) has said.
