With grid-connected energy storage a relatively new technology, stakeholders are yet to fully understand many of the risks and business opportunities it presents, DNV GL’s Dr Martijn Huibers has said.

UK energy company Drax is to consider adding a 200MW battery storage project to its coal-fired power station in North Yorkshire in an effort to add value through greater flexibility and extend its operational lifetime.

TerraE Holding, a collaborative initiative to establish large-scale production line manufacturing of lithium-ion cells at a European ‘Gigafactory’, has signed a raw materials deal for anode materials with Australia’s Magnis Resources.

Jigar Shah has said that the addition of backup power helped persuade a California school district to add energy storage as well as going solar and that adding batteries can help “decision makers” see the true value of PV.

Australia-based renewables firm Windlab has bagged a 10-year power purchase agreement (PPA) with Queensland government-owned utility CS Energy to offtake power from a major hybrid 60.5MW solar, storage and wind park.

The value of a front-of-meter battery energy storage system in California could be doubled or even trebled, by adding more than one revenue stream to the project, a new report says.

France-headquartered mega-utility EDF has accepted delivery and installation of a flywheel energy storage system manufactured by Germany’s Stornetic, at EDF’s “full testing playground” south of Paris.

California-based energy storage technology developer Gridtential announced that it has closed US$11 million in financing led by 1955 Capital, with assistance from East Penn Manufacturing, Crown Battery Manufacturing, Leoch International and Power-Sonic Inc., as well as an existing investor in The Roda Group.

Australia’s biggest utility AGL, which has committed to phasing out coal by 2050, has said it is likely to replace the capacity provided by one ageing power station with batteries, peaking plants, demand response and pumped hydro.

Heating and cooling uses more than half of Europe’s energy, but the potential “immense value” of thermal energy storage has barely been explored, the head of an energy storage trade group has said.