The world’s largest combined lithium-vanadium battery energy storage system (BESS), the Energy Superhub Oxford (ESO), will soon start fully trading in the UK’s electricity market, showcasing the potential of hybrid assets.
Energy storage could garner a market share of one-third by 2025 for the new, pan-European automatic frequency restoration reserve (aFRR) market, which is set to launch in the middle of this year with France and Germany mutualising capacity first.
The EStor-Lux battery site in south Belgium fully launched commercial activity in December and has successfully participated in grid frequency auctions.
Optimisation deals have been announced for battery storage systems in the UK for Habitat Energy and Centrica with developers Eelpower and Arlington Energy respectively.
Australian energy retailer Origin Energy intends to build a 700MW battery storage system on the site of a coal power plant for which it has brought forward a planned retirement date by seven years.
Demand for batteries in India will rise to between 106GWh and 260GWh by 2030 across sectors including transport, consumer electronics and stationary energy storage, with the country racing to build up a localised value chain.
An eight-hour duration lithium-ion battery project was recently selected as a long-duration energy storage resource by a group of energy suppliers in California. Girish Balachandran, CEO of Silicon Valley Clean Energy, tells us about the deal and what it signifies.
Cross-party backing for a new fossil fuel power plant in Australia has been criticised by experts and clean energy industry voices, who have said battery storage would be a more viable option to provide peaking capacity.
