Industrial battery storage systems can lower electricity costs for the facilities they are installed at, but could also help manage the cost of power for all consumers.
The success in a recent capacity market auction of large-scale battery energy storage system (BESS) projects in Belgium is a sign of the European country’s energy storage market maturing, Energy-Storage.news has heard.
Long-duration energy storage has a crucial role to play in decarbonising the global energy system sufficiently to avoid catastrophic climate change as long as its value can be unlocked.
A “once-in-a-generation” commitment to invest in the US’ national infrastructure includes financial support for energy storage supply chains and renewable energy deployment, but not the investment tax credit for standalone energy storage.