The first of Spain’s new renewable energy auctions is set to take place next week, as the country offers the possibility for bidders to include energy storage in their offers.
Multinational utility Engie and renewables developer Neoen are to invest €1.2 billion (US$1.46 billion) in a large-scale solar-plus-storage project in south eastern France, which includes a 1GW solar system and 40MW of battery energy storage.
Commodities trading company Trafigura has said that it is building a large-scale battery storage plant in Belgium through a newly-launched renewable energy joint venture (JV) company.
The cost of solar energy paired with battery storage on France’s island territories has fallen yet again, as the European country awarded contracts to winning bidders in its latest tender process.
UK energy storage firm AceOn has joined a call to reverse changes to Value Added Tax (VAT) rates applicable to energy storage systems that came into effect in the country in 2019.
The award of contracts to battery storage developers in a recent auction by Italy’s transmission system operator proves the technology’s competitiveness in providing grid services once again, an analyst has said.
With dozens of massive new lithium-ion battery factories planned or already under construction in Europe, Panasonic and Equinor are investigating the potential for a “green battery business” in Norway.
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.
