UK renewables and battery developer Anesco has warned that the looming de-rating of battery storage in the Capacity Market risks scaring investors away from the technology.
While decreases in costs continue to make energy storage more and more competitive, financial advisory and asset management firm Lazard has highlighted just how variable project economics can be, citing examples of US projects with 9%, 11% and 21% IRR (internal rate of return).
Siemens has continued to bolster its UK presence with a new partnership with Grid Battery Storage Limited (GBSL) which will see a 22MW portfolio of four projects built and an ‘energy storage as a service’ offering launched.
Updated: Singapore’s Energy Market Authority (EMA) will trial the use of lithium batteries and redox flow energy storage to help integrate renewable energy onto its grid, delivering services both in-front and behind-the-meter.
Energy storage investors in Britain will need to have their projects in the ground by June next year at the latest if they are to take advantage of the lucrative new ancillary services market set to be implemented by National Grid, according to Sungrow’s European managing director.
AES claims that 20MW of energy storage it deployed in the Dominican Republic just a few weeks before Hurricane Irma, assisted the island nation in keeping power supplies running even as devastation struck.
Anesco is investigating how it could adopt flow batteries into future projects instead of lithium as a response to growing uncertainty around the future of storage de-rating in the capacity market, Clean Energy News can reveal.
An ambitious project to convert the “grey fleet” of a care home for old folk in Scotland to a sustainable “green fleet”, using solar PV and battery energy storage, was winner of the Residential, Commercial and Industrial-scale Storage Project category at this month’s Solar Power Portal Awards.
