While pumped hydro plants still account for around 96% of installed capacity of stationary energy storage worldwide, there will be more than 28GW of lithium batteries deployed for stationary storage applications by the year 2028, Navigant Research has predicted.
A dramatic twist was added to a legacy pipeline of energy projects serving the town of Ulster, New York, with the local community now set to benefit from a large-scale battery energy storage system, instead of fossil fuels.
Fotowatio Renewable Ventures, a developer of renewables with 1.9GW of projects to its name, has announced its first grid-scale battery project as it embarks on a global energy storage push.
Convergent Energy & Power’s first projects out of a joint venture with Shell have come online, while GE Renewable Energy touted the imminent implementation of the country’s ‘first hybrid electric gas turbine’ project.
Australia’s national Clean Energy Finance Corporation (CEFC) has said it will commit AU$50 million (US$34.14 million) to help fund expansion of landmark Hornsdale battery project in South Australia.
GCL System Integration (GCL SI) has created a joint venture to expand its energy storage business in the Asia-Pacific region with US-Based energy storage technology provider Powin Energy.
“With no large-scale batteries participating in the wholesale market in New York, the first day we turned the battery on it was exciting to see if all our internal models were correct in how the battery would behave,” KCE’s COO Dan Fitzgerald told us.
Many of the most polluting thermal power plants on the US grid today are also the most lucrative to run, but the service they provide could already be done twice as cheaply using solar and storage, developer 8minutenergy has claimed.
‘Flexibility services provider’ Eelpower has bought up its second grid-scale energy storage system from developer Anesco in the UK, the 20MW Rock Farm battery in Shropshire, England.
