Aimed at ensuring reliability of electricity supply in the era of renewable energy, India’s Central Electricity Regulatory Commission has drafted ancillary services market regulations allowing for energy storage and demand response resources to participate.
Connecticut’s Senate has passed a bill targeting the deployment of 1,000MW of energy storage by the end of 2030, which when signed into law by the state’s governor will make it the eighth state jurisdiction in the US so far to introduce either a target or mandate for energy storage.
Canadian Solar has been on a “transformational journey to accelerate demand” for its battery energy storage services, CEO Dr Shawn Qu said while discussing what has been a quarter beset with difficulties for the company’s solar manufacturing business.
Paris-headquartered renewable energy power producer Voltalia has begun construction of a 32MW / 32MWh battery energy storage system (BESS) project in the UK.
A 100MW battery energy storage system just announced in the UK by battery storage developer, owner and operator Zenobe Energy is the first such system to win a long-term contract from the country’s transmission system operator to directly absorb reactive power from the transmission network.
Based on the value it provides to grids as shares of renewable energy grow, energy storage is a “very exciting market,” the VP of Goldman Sachs Renewable Power has said.
Decision-makers across Canada now recognise the value that energy storage can bring to the grid, with Ontario’s grid operator establishing its first-ever set of market rules for energy storage’s participation.
The energy storage system integration division of Wärtsilä Corporation will deploy a large-scale floating battery energy storage system for a thermal power facility in the Philippines.
The editorial team brings you the top takeaways from this year’s Summit, spanning everything from finance and the growing appetite for investment in the market today, to the technologies and policies that could help the UK and other nations to meet urgent deadlines for decarbonisation.
The battery storage market in the UK has become a viable investment opportunity in just the past few months, even without the backing of long-term contracts for grid services, according to an investment manager in the renewable energy sector.
