The broader portfolio and management team are critical to securing investment for individual energy storage projects, said senior figures at asset managers Blackrock and Impax.
There is more work to be done on ensuring alignment between maximising grid-scale battery revenue and maximising system benefits, said panellists on Day 2 of the Energy Storage Summit.
Energy technology firm Wärtsilä completed a 125MW/250MWh battery storage project for REV Renewables in California in time to help CAISO deal with record heatwave conditions in September 2022.
The local subsidiary of global energy firm AES has submitted an EIA for a hybrid renewables plant in Chile with over 3,000MWh of battery energy storage capacity.
Deutsche Telekom has announced the first battery energy storage system installation in a 300MWh rollout in Germany, with Norwegian firm Pixii the technology provider.
UK-listed Gore Street Energy Storage Fund has acquired its first asset in California, a 200MW/400MWh battery energy storage system project from developer Avantus.
The problem of changes to battery cell order pricing because of raw material index (RMI) pricing has now improved for energy storage offtakers, EPC firm Burns & McDonnell told Energy-Storage.news.
The ‘hype cycle’ around long duration energy storage (LDES) is coming to an end and 2023 will be the year when companies must prove their technology can live up to its promises.
