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.
Construction has started on a project in Ireland pairing a battery energy storage system (BESS) with a synchronous condenser, developed by Lumcloon Energy and Hanwha Energy.
State-owned electricity company ESB and geoenergy company dCarbonX have signed a JV to explore green hydrogen storage opportunities off the coast of Ireland.