Battery storage is flexible, remarkable — and investable — but you need to know what you’re doing and know where the market opportunities and limits lie. Renewable and clean energy financier Laurent Segalen from Megawatt-X explains some of the things he’s seen as batteries have become an infrastructure asset in their own right.
It is increasingly becoming recognised that energy storage is crucial in helping the UK to meet its targets for reducing emissions and ensuring reliability of the energy system. In this panel discussion from the Energy Storage Summit 2021 held earlier this year, experts and stakeholders discuss what sort of changes might need to happen to make that contribution possible.
Approval has been granted — with significant conditions attached — for a large-scale standalone battery storage project designed to help the Hawaiian island of Oahu overcome energy reliability and supply concerns as a coal power plant retires.
Australian energy retailer EnergyAustralia has said that it will build a 350MW, four-hour standalone battery energy storage system (BESS) project to enable one of its coal-fired power plants to be retired “after decades of faithful service”.
Wärtsilä Corporation’s CEO has said that “activity in the energy storage market held up well” in 2020 despite a difficult year for the company due to prevailing market conditions around the COVID-19 pandemic.
At first glance, renewable power generation has created, in the eyes of traditional industries, an investment nirvana. By understanding how these better-capitalised companies view renewables’ merchant risk, we can identify where future energy storage projects should seek finance partners, says Charles Lesser, a partner at Apricum – The Cleantech Advisory.
Australian utility AGL is now inviting tenders to procure battery storage which will help it meet climate and sustainability goals – but the company expects to be economically dependent on coal as well as gas for years to come.