European lithium-ion battery developer and manufacturer Northvolt has secured a US$5 billion (€4.6 billion) non-recourse project financing package from various EU and Nordic institutions for its manufacturing and recycling plants.
Australia runs a great risk of failing to meet its ambitious but achievable renewable energy goals, writes Stephanie Bashir, CEO of Nexa Advisory, who explains why utility-scale energy storage is among the crucial tools in the country’s energy transition toolkit.
The National Energy and Climate Plans (NECPs) of European Union (EU) Member States are largely falling short in recognising the vital role of energy storage, the Energy Storage Coalition has said.
Energy storage projects will be eligible to take part in competitive capacity auctions for low-carbon power set to be launched this month by the Japanese government.
This Friday Briefing looks at the IEA’s recognition that long-duration energy storage will be essential to global decarbonisation and asks what it might take for that message to translate into immediate action.
Developers in the US plan to install 15GW of new utility-scale battery storage, adding to about 16GW of storage installed so far, according to government statistics.
The results of Poland’s recent capacity market auction have been revealed, with a clearing price significantly lower than the previous years and IPP Greenvolt saying it won the lion’s share of around 1.7GW of BESS awarded contracts.
The UK government has launched its consultation on its proposals for kickstarting investment into long-duration energy storage (LDES), which includes a cap-and-floor mechanism and excluding lithium-ion from being eligible.
Utility New York Power Authority (NYPA) is seeking to collaborate with renewable energy and energy storage developers and operators, as part of the state’s push to deploy more clean energy resources.
