A plan proposed by US president Joe Biden to invest US$2 trillion in infrastructure has been praised for “prioritising energy storage and policies that support the industry’s growth”.
Battery storage systems have been proven to be “extremely lucrative” for commercial and industrial (C&I) customers in the US, but a lack of customer knowledge of regulations and supply shortages of battery cells could yet stymie the market’s growth.
Industry group Scottish Renewables has warned that the UK’s climate change targets will not be met without the removal of barriers to long-duration energy storage such as pumped hydro.
Early days of the new regime have been applauded for their progressive nature, but lack of proper cost-benefit analysis for storage and concerns of trade tariffs remain
Large-scale Vanadium redox flow battery (VRFB) technology looks set to be deployed at a 100MW solar energy power plant in China, two years after a smaller-scale demonstration project was commissioned in the region.
A new market mechanism for longer-duration storage should be created according to the UK’s Association for Renewable Energy and Clean Technology (REA).
Stem Inc has completed a front-of-the-meter solar-plus-storage project in Massachusetts that will participate in New England’s wholesale markets run by system operator New England ISO.
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.
Energy market mechanisms must evolve in order to support long-duration energy storage, with the existing frameworks having “significant problems” incentivising those technologies, a panel of experts has concluded.
Support frameworks which address both green hydrogen supply and demand, as well as cross-border initiatives, will be pivotal to delivering affordable green hydrogen, a panel has concluded.
