South Korean energy company SK E&S is now the new owner of US utility-scale energy storage developer, owner and operator Key Capture Energy. 

The CEO of Key Capture Energy has said the company will immediately be able to apply lessons learned from a 20MW battery project in New York to its pipeline of much bigger projects in the state to come. 

Broad Reach Power has been valued at over US$600 million as a 50% stake in the US energy storage company changes hands.

What is thought to be Southeast Asia’s largest battery energy storage system (BESS) to date will be supplied to a solar PV-plus-storage project in Thailand by Sungrow. 

Two 100MW battery energy storage system (BESS) projects in Texas have been brought online by independent power producer (IPP) Broad Reach Power, for participation in the Electricity Reliability Council of Texas (ERCOT) market. 

Power has placed an order for battery energy storage system (BESS) equipment with Chinese company SYL Battery for a grid-scale project in California. 

The cost of battery energy storage in the US fell by 72% between 2015 and 2019 and utilities in the country are set to bring 10,000MW of new grid-connected capacity online in the next two years. 

Talen Energy, a US independent power producer (IPP) with a 13GW portfolio of generation assets, has contracted energy storage developer Key Capture Energy to install a battery storage system at the site of a coal power plant in Maryland.

Three new battery energy storage system (BESS) projects from the US that may not individually make headlines for their relative size, but nonetheless prove the value and flexibility of batteries for the grid.

Energy storage can help enable cleaner, reliable, low-carbon energy networks while connecting energy assets to the market opportunities that will make the transition to renewable energy economically feasible. We speak to Wärtsilä’s Jeff Damron about the ways that the value of energy storage can be realised in markets across the world, both today and in the future.