Energy storage can help enable cleaner, reliable, low-carbon energy networks while connecting energy assets to the market opportunities that will make the transition to renewable energy economically feasible. We speak to Wärtsilä’s Jeff Damron about the ways that the value of energy storage can be realised in markets across the world, both today and in the future.
The first battery energy storage system deployed to help stabilise the electricity grid in Turkey could help show the country’s energy sector that more rapid uptake of renewable energy can be feasible and cost-effective.
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.
Australian energy retailer EnergyAustralia has said that it will build a 350MW, four-hour standalone battery energy storage system (BESS) project to enable one of its coal-fired power plants to be retired “after decades of faithful service”.
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.
There are numerous benefits from collocating battery energy storage with wind power, including grid availability and planning ease explained ScottishPower Renewable’s Tony Gannon at the Energy Storage Summit 2021.
Co-located battery storage’s ability to help mitigate risk and counter renewable yield compression has been hailed as a “fantastic opportunity” by renewables investor Bluefield Partners’ investment director Jan Libicek.
The benefits – and remaining challenges – of the UK’s new frequency response service Dynamic Containment (DC) were discussed at today’s Energy Storage Summit by a panel of experts and industry stakeholders.
