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.
A new project in the Netherlands will see a number of mobile battery storage units used to power construction sites and outdoor events provide up to 3MW of frequency control ancillary services for grid operator TeneT.
Switzerland’s largest battery storage system has gone into action stabilising the electricity network for transmission grid operator Swissgrid, asset operator Alpiq has said.
We caught up with Bo Normark in his capacity as EIT InnoEnergy executive to discuss the past, present and future of energy storage, with his organisation taking the lead in the European Battery Alliance.
Nilar, a Sweden-headquartered producer of nickel metal hydride chemistry batteries aimed to compete with lithium-ion and lead acid, will receive €47 million (US$55.45 million) in funding from the European Investment Bank (EIB).
Europe’s residential battery energy storage systems (BESS) market is expected to continue its upward trajectory in the coming years after 745MWh of additional capacity was installed in 2019, representing a 57% increase year-on-year.
Northvolt has now raised in excess of US$3.5 billion of financing towards its aim of establishing 150GWh of advanced battery manufacturing facilities in Europe by 2030.
Portugal’s second solar auction has closed with record-breaking low prices of €11.14/MWh (US$13.12), or US$0.0131/kWh, the country’s government announced yesterday.
The market for grid-connected energy storage will defy the “headwinds” caused by the coronavirus pandemic on industries across the world, analysis firm IHS Markit has predicted.
It is likely Spain will introduce “important regulatory changes in the coming years” to enable the European country to meet a national target of deploying 2.5GW of energy storage by 2030, analysts at consultancy firm Clean Horizon have said.
