Merchant energy storage has become an investable asset class in the UK, a provider of battery optimisation services has said, with the market moving away from an emphasis on contracted revenue streams for supplying grid services.
Climate-smart principles must steer the global search for the minerals and metals required by the green energy boom to make sure the process remains sustainable, according to the World Bank.
A survey of over 2,000 “senior business leaders” in G20 countries has found that electric vehicles and battery storage are the most popular assets to invest in among non-power generation technologies in the energy sector.
Construction looks set to begin this year on a factory building flow batteries, as a joint venture (JV) formed by German tech company Schmid Group and Saudi Arabian investment company Nusaned closed the transaction to seal its partnership.
The Energy Storage Digital Series, an online-only conference and webinar series, produced and hosted by the events division of our publisher Solar Media kicked off yesterday. Here are some highlights and key quotes from opening panel discussion: ‘Predicting the energy storage tech of the future’.
South Korean lithium-ion battery manufacturer SK Innovation will begin construction on the second of two manufacturing plants in the US state of Georgia this summer, with the first already under construction.
A new guide has been published in the US to “help stakeholders assure prudent use of funds by electric utilities” when it comes to upgrading the distribution grid.
There are 1.3GW of read-to-build battery storage projects in the UK, with the majority between 30MW and 49.9MW power output per project, according to new analysis from Solar Media Market Research.
Australia’s government-owned green bank, the Clean Energy Finance Corporation (CEFC), has pledged AU$300 million (US$192 million) of existing funding towards “building investor confidence in renewable hydrogen”.
The levelised cost of electricity (LCOE) that can be achieved today for battery energy storage means that “new-build batteries can be competitive on cost with gas peaker plants,” according to BloombergNEF.
