Ofgem, the UK’s energy market regulator, is considering raising the minimum duration of technologies eligible for a long-duration energy storage (LDES) support scheme.
This week Engie Chile has energised the 68MW/418MWh BESS Tamaya project in Antofagasta, while Canadian Solar’s e-STORAGE secured a turnkey EPC contract to supply a 98MW/312MWh DC BESS in Chile.
The UK and Ireland’s energy storage pipeline is rapidly growing, with co-located solar PV and storage comprising around 20% of planned capacity, writes Mollie McCorkindale of Solar Media Market Research.
Some long-duration energy storage (LDES) technologies are already cost-competitive with lithium-ion (Li-ion) but will struggle to match the incumbent’s cost reduction potential.
The first 4-hour duration battery storage project to be built in Ireland exemplifies both the challenges and opportunities of the country’s growing and evolving market.
