A AU$20.3 million (US$15.36 million) project to demonstrate the capabilities of utility-scale vanadium flow battery storage in combination with solar PV has been announced in South Australia, with the Federal government helping to fund the project.
A new three-year project allowing residential solar and batteries to trade electricity and grid services in Victoria, Australia, is aimed at creating a replicable model marketplace that could be widely expanded across the country.
A new market for providing ancillary services to the UK’s grid has been highlighted as more valuable in its first seven weeks of operation than any other frequency response service run by the network operator, National Grid ESO.
Energy-Storage.news was delighted to host a sponsored webinar with Wärtsilä Energy on how energy storage is being used to support the uptake of electric transport last week – and you can now watch the whole thing on our YouTube channel.
Energy storage systems were historically used for grid balancing purposes within Europe, limiting their use to such applications or to be considered as “auxiliaries” to renewable generation assets. However, as market prices evolve and new revenue streams emerge, stakeholders must discover the diverse applications energy storage can tap into, writes Naim El Chami.
The greatest value aggregrators putting batteries and other assets in the UK’s electricity markets offer to their customers today is in providing access to the Balancing Mechanism (BM), through which the electricity system operator National Grid ESO matches supply and demand in real-time.
The largest battery storage project to be owned by a local government authority in the UK, the 30MW Fideoak project, required a novel software solution to ensure that the best return and maximum impact could be made with public money invested, as Thomas Jennings of Kiwi Power explains.