Investors are becoming increasingly comfortable with energy storage as an asset class but numerous regulatory and market design hurdles remain across European markets.
UK clean energy and transport solutions developer Zenobē Energy has established a multi-source debt structure of £241 million (US$326 million) to fund capital investment into e-buses and charging infrastructure.
A grid-scale battery energy storage system (BESS) has come online in northeastern France, which will be used by the national transmission grid operator RTE to assess the role of automated electricity storage in managing power flows.
Construction is set to begin in Australia on a grid-scale power generation and long-duration energy storage project combining solar power and thermal energy storage, after the company behind the project said this morning that funding has been secured.
It has yet to build its first project but Jupiter Power, a developer, owner and operator of utility-scale energy storage has claimed it will deploy 652MWh of battery storage during 2021, kicking off a 10GW development pipeline.
The California Public Utilities Commission (CPUC) has amended aspects of its grid transparency tool to make it easier to deploy energy storage solutions in the state, following a motion from the Interstate Renewable Energy Council (IREC).
France’s electricity transmission system operator, RTE, is exploring options to reduce congestion on the grid at four strategic locations around the country and could award long-term contracts to battery storage systems that can help.
Two UK-based firms, energy supplier OVO Energy and integrated home battery storage provider Social Energy, have expanded into international markets in Spain and in Australia respectively.
