The award of contracts to battery storage developers in a recent auction by Italy’s transmission system operator proves the technology’s competitiveness in providing grid services once again, an analyst has said.
A AU$20.3 million (US$15.36 million) project to demonstrate the capabilities of utility-scale vanadium flow battery storage in combination with solar PV has been announced in South Australia, with the Federal government helping to fund the project.
A new three-year project allowing residential solar and batteries to trade electricity and grid services in Victoria, Australia, is aimed at creating a replicable model marketplace that could be widely expanded across the country.
Energy storage systems were historically used for grid balancing purposes within Europe, limiting their use to such applications or to be considered as “auxiliaries” to renewable generation assets. However, as market prices evolve and new revenue streams emerge, stakeholders must discover the diverse applications energy storage can tap into, writes Naim El Chami.
The greatest value aggregrators putting batteries and other assets in the UK’s electricity markets offer to their customers today is in providing access to the Balancing Mechanism (BM), through which the electricity system operator National Grid ESO matches supply and demand in real-time.
Reports into the performance of two large-scale battery energy storage systems (BESS) in the Australian state of Victoria have been published, showing that both performed as expected, or better, in 12 months of operation.
Algorithms for the control and optimisation of assets including batteries can be an energy trader’s best friend – nearly all of the time. Aaron Lally, managing partner at UK-based clean tech trading house, VEST Energy, explains why it’s good to know when to switch from automation to human-controlled trading.
The market for grid-connected energy storage will defy the “headwinds” caused by the coronavirus pandemic on industries across the world, analysis firm IHS Markit has predicted.
As demand for lithium-ion batteries from the solar energy industry grows, high standards of manufacturing processes are as important as cell design and materials, representatives of PI Berlin have said.
US equipment manufacturer and engineering solutions company Honeywell has signed a contract to supply what is thought to be the Ukraine’s first large-scale battery energy storage system.
