London Stock Exchange-listed investor Gresham House Energy Storage Fund has raised £120 million (US$159.86 million) to finance six new energy storage projects.
China deployed 533.3MW of new electrochemical energy storage projects in the first three quarters of 2020, an increase of 157% on the same period in 2019.
Barriers to financing for energy storage could hold back the growth of solar in the US, while an Investment Tax Credit (ITC) for standalone energy storage should be introduced, the audience heard as our publisher Solar Media hosted the Solar and Storage Finance USA event last week.
UK stock exchange-listed energy storage investment fund Gore Street Energy Storage Fund has applied to triple its capacity in the Republic of Ireland, up to a total of 180MW.
A grid-forming project in South Australia combining power electronics and battery storage to integrate wind and solar at a site near the end of a 120km 33kV transmission line is being replicated worldwide, the Head of Grid Edge Solutions at Hitachi ABB Power Grids has said.
Energy storage could solve problems of reliability for grid operators in India, such as the electricity blackout which struck Mumbai last month, a panel at the India Energy Storage Week conference heard today.
A new project in the Netherlands will see a number of mobile battery storage units used to power construction sites and outdoor events provide up to 3MW of frequency control ancillary services for grid operator TeneT.
UK electricity system operator National Grid ESO is reviewing its previously-announced timescale for the introduction of two dynamic frequency response services and phase out of the existing market regime.
The locations for three ‘community battery’ projects have been announced by Australian electricity distribution company Ausgrid, set to be deployed next year.
About a year after unveiling what is thought to be the first large-scale Tesla Powerpack battery project in the Balkans, Slovenian energy services company NGEN has confirmed that it has completed its second, even bigger project.
