This expert panel from the Energy Storage Summit 2021 brought together leading figures in the finance community to discuss the different financing and business models they’ve seen, and how they expect the market to evolve for energy storage in the UK.
A rapid and significant increase in battery storage capacity will be among factors contributing to an improved energy security position for California’s electricity networks this summer, but the grid is still vulnerable to stress during any extreme heatwaves.
US power and energy infrastructure developer, investor and operator LS Power has bought up GI Energy, a provider of clean energy solutions for commercial and industrial (C&I) customers with projects spanning the east and west coasts.
Corporate funding into the battery storage sector in the first quarter of this year totalled US$4.7 billion across 17 deals, a huge leap from the equivalent period of last year, according to a new report from Mercom Capital.
An off-grid hybrid energy system at Fekola, a gold mine in Mali, Africa, has gone online incorporating solar PV, battery storage and the site’s existing fossil fuel generators, project partners Baywa R.E and Suntrace have said.
Fluence will deploy Lithuania’s first grid-scale battery project, aiming to prove the advantages of using batteries as an alternative to building out expensive transmission infrastructure.
The opening up of independent system operator (ISO) services as a result of FERC 841 has led to a “huge difference” in storage dispatch strategy for merchant markets with concurrent bidding now the typical strategy.
An energy storage project pipeline of 500MW in Texas’s ERCOT market is being developed by Dallas-headquartered distributed energy resources developer and operator Hunt Energy Network.
The challenges of explosion prevention – with flammable gases needing to be vented “very rapidly” – in the event of a battery fire have been highlighted at this week’s Energy Storage Summit USA.
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.
