Just over 70% of the successful projects in the first window of the UK’s long-duration energy storage (LDES) scheme are using lithium-ion BESS technology.
“The industry has to continue to be aggressive,” says Luigi Resta, president of US renewable energy and energy storage developer rPlus Energies, on the US remaining a competitive market for energy storage.
A 12GWh pumped hydro project and a 1,200MWh battery energy storage system in New South Wales (NSW) have been submitted to Australia’s Environment Protection and Biodiversity Conservation (EPBC) Act.
Australia’s Clean Energy Finance Corporation (CEFC) has announced its largest-ever investment commitment, with AU$3.8 billion (US$2.5 billion) allocated to support the Marinus Link interconnector connecting the states of Tasmania and Victoria.
Major US utility company Duke Energy has submitted its final license application to the Federal Energy Regulatory Commission (FERC) to extend operation at the Bad Creek Pumped Storage Hydroelectric Station for an additional 50 years.
Steady price falls the past few years have made lithium-ion BESS a real contender for long-duration energy storage (LDES), and that is now reflected in global project pipelines.
