Siemens’ international financing arm, US development bank NADBank and energy storage developer EnerSmart Storage have signed a US$78.2 million loan facility to finance a fully merchant battery storage project in California totalling 165MW.
Investors are now becoming more comfortable with battery storage in the UK, with projects being profitable and cost-effective, according to industry experts.
With the European energy transition seemingly in full effect, why isn’t the Netherlands all in on energy storage? Andy Colthorpe speaks with Ruud Nijs, CEO of GIGA Storage and member of the board for Energy Storage NL (ESNL).
Lithium batteries have definitely changed the game for the energy transition, but require smart technologies and strategies to optimise them — which can be equally important.
Energy storage is a key enabler of net zero emissions in the UK, but some unresolved challenges still make it a complex sector to navigate, as Antonia Silvestri and Gary Roscoe, partners at law firm TLT, explain.