Australia’s CSIRO has revised pumped hydro storage costs upward in the final version of its annual GenCost electricity cost report.

Solar PV and wind are now the cheapest sources of power, with co-located hybrids increasingly delivering round-the-clock electricity at fossil fuel-competitive costs in high-resource regions, according to a new report by IRENA.  

LCOS for battery storage in the US has declined enough recently to offset increases between 2021 and 2024, according to Lazard.

The development of global standards and specifications for the electrolyte used in vanadium redox flow batteries (VRFBs) is “crucial” for the technology’s prospects.

Solar PV and battery energy storage system (BESS) firm Canadian Solar will deliver 315MWh of BESS projects and up to 2GWp of solar modules to Sunraycer Renewables.

The Michigan Public Service Commission (MPSC) approved an application from Consumers Energy Co. for a power purchase agreement (PPA) with Voyager Energy Storage LLC for a 100MW/400MWh battery energy storage facility.

Ameren Missouri aims to procure 800MW of battery storage, representing US$650 million investment, in its service area connected to MISO grid.

Wind and solar PV paired with energy storage cost-competitive against gas in Ontario and Alberta, according to study from Clean Energy Canada.

The California Public Utilities Commission (CPUC) has unanimously approved plans to add more than 25.5GW of renewables and 15GW of storage in the state by 2032 at a cost of US$49 billion.  

Growth in renewables and corresponding market pricing is the key driver for the commercialisation and global adoption for vanadium flow batteries (VFBs) and an important reason why we will see further growth for this technology over the years to come, says Ed Porter of Invinity Energy Systems.