A panel of leading developers, technology and service providers and the finance community discuss the economic opportunities — and challenges — of deploying and operating front-of-the-meter battery storage in the US.
Talen Energy Corporation, a US power and infrastructure development group with 13GW of mostly fossil fuel assets in its portfolio to date has said that it is developing a gigawatt of battery storage projects.
US$300 million in new funding from Manulife Investment Management will enable CleanCapital, a clean energy investment platform mostly focused on distributed solar, to also provide “long-term, flexible capital” to energy storage developers.
Eos Energy Enterprises, the NASDAQ-listed designer and manufacturer of energy storage systems based on the company’s aqueous zinc battery technology, has announced three large-scale projects in the US and India.
Global renewable energy project developer Fotowatio Renewable Ventures (FRV) said construction work has begun on its second battery storage project in the UK — and the world — with local partner Harmony Energy.
With coal on its way out and decarbonisation across many parts of the US now an integral part of state level policies, could the demise of natural gas be the next step? Gas is seen by many as an interim solution in the energy transition and provides flexibility to energy networks that have adopted a greater share of renewables, but the tide could be turning against this last great dinosaur of the fossil age.
Financial backing to support early development phases in battery storage and renewable energy projects has been found by Momentum Energy Storage Partners, a project development company launched by DNV GL’s former energy storage lead for the North Americas region.
Renewable energy developer Neoen last month published its plan for a new project in New South Wales, Australia, called the ‘Great Western Battery’ which will be among the country’s largest battery energy storage system facilities to date.
Canadian Solar said that construction has begun on a large-scale solar PV project combined with a four-hour duration battery storage system in California which the company has just sold to Goldman Sachs Renewable Power.