Eos Energy Storage has signed an agreement to deploy “more than 1GWh” of its aqueous zinc chemistry battery energy storage systems worth around US$250 million with US-based project developer Hecate Energy.
The latest annually-published figures from financial advisory and asset management firm Lazard show that the on the levelised cost of energy storage (LCOS) continues to fall, with solar-plus-storage becoming increasingly price competitive.
A group of Community Choice Aggregators (CCAs) in California, US, are seeking long-duration energy storage to add resiliency to their electricity networks serving around three million customers.
The value of energy storage increases with growing shares of renewable energy on the grid, but the availability and cost of storage will determine how successful decarbonisation with renewables can be.
The UK’s transmission system operator National Grid’s redesigned Capacity Market targets around 50GW of reserves up to 2023 and could be an early step towards longer duration energy storage batteries.
