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.
Solar inverter manufacturer Sungrow’s energy storage system (ESS) solution will power a 100MW battery storage project in Texas which is scheduled to go into operation in mid-2021.
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.
Developer Fotowatio Renewable Ventures (FRV) has unveiled the second utility-scale battery project in its “strategic plan to develop energy storage projects globally”.
Indiana’s solar capacity is set to surge in the next three years as the state’s second-biggest utility unveils plans to develop three large-scale PV projects, two of which will include battery storage.
ENGIE EPS incurred increases in operating expenses and extraordinary costs due to COVID-19 which “more than offset” an increase in revenues that ENGIE’s energy storage subsidiary earned in the first half of this year.
Canadian Solar has highlighted the increasing importance of adding energy storage to PV projects and the “significant growth opportunities in the solar-plus-storage market” while reporting its latest quarterly financial results.