Solar PV and wind are now the cheapest sources of power, with co-located hybrids increasingly delivering round-the-clock electricity at fossil fuel-competitive costs in high-resource regions, according to a new report by IRENA.
The power generation arm of Manila Electric Company (Meralco), the Philippines’ largest private electricity distributor, has completed a grid-scale battery storage project.
Sumitomo Electric will supply a vanadium redox flow battery (VRFB) energy storage system to enable grid integration of wind energy in Hokkaido, northern Japan.
Vietnam’s government will “amend policies” to support production of clean energy technologies, a minister has said at the opening of a battery energy storage system (BESS) factory.
Energy Vault has entered what it has described as “one of the world’s fastest-growing energy storage markets,” acquiring a portfolio of development projects in Japan.
Developer-investor Hexa Energy Services has inaugurated what is thought to be Japan’s first operational battery storage project with a capacity market contract.