Annual deployments of distributed energy storage connected to virtual power plants (VPP) is expected to reach 3GW by 2030, according to research firm Guidehouse Insights.
Community solar owner-operator Summit Ridge has secured US$15 million in project financing for two battery energy storage system projects in New York City, US.
Renewable energy power producer Scatec has signed power purchase agreements (PPA) for three co-located solar and storage projects with 1.1GWh of energy storage in South Africa.
Simec Atlantis Energy (SAE) has signed a contract with Energy Optimisation Solutions and Quinbrook Infrastructure Partners via the two’s portfolio company Uskmouth Energy Storage (UES) to deliver a new 460MWh UK battery energy storage system (BESS).
Energy solutions integrator Alfen is building a 12MW battery energy storage system (BESS) with black start functionality for co-location with a wind farm in Finland.
Specialist insurer Altelium has launched a new ‘all risk’ battery energy storage system (BESS) insurance solution, in partnership with global insurer and reinsurer MS Amlin.
Siemens’ international financing arm, US development bank NADBank and energy storage developer EnerSmart Storage have signed a US$78.2 million loan facility to finance a fully merchant battery storage project in California totalling 165MW.
Alongside its many benefits, growing deployments of energy storage will pose complex challenges around availability of data and resource planning for grid and distribution network operators.
