Having previously said that the coronavirus pandemic had badly impacted its financial performance during 2020, a rebound is expected this year and next, ENGIE EPS, the energy storage and e-mobility subsidiary of European utility ENGIE has said.
The success of an auction for fast reserve grid services held by Italy’s transmission system operator (TSO) indicates a strong appetite for battery storage, but market rules and regulations need some revision to capture that opportunity.
The award of contracts to battery storage developers in a recent auction by Italy’s transmission system operator proves the technology’s competitiveness in providing grid services once again, an analyst has said.
Residential energy storage provider Sunverge has won out in a competitive bidding process to provide systems and software for a proposed virtual power plant (VPP) project in Maryland in the US.
TERNA, operator of Italy’s electricity transmission system, is set to open up a pilot scheme in which up to 230MW of aggregated nominal capacity including energy storage could supply frequency and voltage services to the grid.
A regulatory framework put in place by Italy’s grid operator TERNA has enabled Enel X to aggregate residential energy storage systems to pool their capabilities.
Italy’s electric system operator, Terna, approved contracts for dozens of megawatts (MWs) of energy storage facilities to serve grid-balancing applications each month throughout 2019.
