Energy technology company Wärtsilä has announced battery energy storage system (BESS) projects in two new markets for the company, with orders from customers in Chile and Belgium.
The success in a recent capacity market auction of large-scale battery energy storage system (BESS) projects in Belgium is a sign of the European country’s energy storage market maturing, Energy-Storage.news has heard.
Energy storage is a key enabler of net zero emissions in the UK, but some unresolved challenges still make it a complex sector to navigate, as Antonia Silvestri and Gary Roscoe, partners at law firm TLT, explain.
With a project pipeline in excess of 14GW, a developing regulatory envelope and maturing revenue streams, the UK’s energy storage sector continues to be at the forefront globally. Molly Lempriere charts the market’s development to date and uncovers how it has responded to deployment barriers.
While interconnection queues for America’s electric transmission and distribution operators are “swelling up” with growing numbers of energy storage projects, some of the big challenges ahead include enabling fair market participation for both standalone storage and storage paired with generation.
Energy market mechanisms must evolve in order to support long-duration energy storage, with the existing frameworks having “significant problems” incentivising those technologies, a panel of experts has concluded.
While European power markets outpace the US and China for renewable energy deployment, the continent’s policymakers are yet to recognise the importance of energy storage for integrating that capacity onto the grid, new research from Wood Mackenzie Power & Renewables finds.
Construction work has begun on Technology provider Highview Power’s 50MW / 250MWh liquid air energy storage (LAES) facility in Greater Manchester, England.
