While European power markets outpace the US and China for renewable energy deployment, the continent’s policymakers are yet to recognise the importance of energy storage for integrating that capacity onto the grid, new research from Wood Mackenzie Power & Renewables finds.
A new report co-authored by energy expert Tony Seba predicts that the combination of solar and wind energy with batteries could undercut and disrupt the existing global energy system with “the cheapest power available” over the next decade.
10MW / 20MWh of Tesla Megapacks used for Alberta’s first-ever large-scale battery energy storage system have gone into action as TransAlta Renewables announced the project has reached commercial operation.
A preliminary report has been issued by California energy authorities into power outages which occurred in August and among the key recommendations it makes is that generation and energy storage projects proceed without delay.
A multi-gigawatt co-location market looks set to take off within the next five years, however uncertainty over DC coupling, the need for costly symmetric grid connections and outdated regulatory frameworks risk stymying the market’s growth.
Greenko said that it will be helped along with plans to build multiple gigawatts of renewable energy plants alongside energy storage in India by an investment from Tokyo-headquartered ORIX Corporation.
Clean Power Alliance, one of California’s community choice aggregator (CCA) groups has signed a 15-year power purchase agreement (PPA) with developer 8minute Solar Energy for the output of a massive solar-plus-storage plant.
Combining energy storage with generation helps to unlock the core value of batteries and other storage, the US Energy Storage Association (ESA) has said, while data is now available on the status of installed and proposed utility-scale hybrid power plant projects throughout the country.