Despite the fall in unit prices for energy storage, a total of US$3.6 billion of investment was committed to energy storage projects in 2020, around the same amount as in 2019.
Following a dramatic start to the year, Energy-Storage.news takes a look at what is driving price volatility in Britain and what battery energy storage could do about it.
The Green Investment Group (GIG), a company owned by financial services group Macquarie, is investing an unspecified sum into esVolta, a US-headquartered developer and owner of utility-scale energy storage projects.
Renewable energy uptake and the falling costs of battery energy storage are “inexorably linked” as the global economy faces a crucial decade ahead in its urgent need to decarbonise, according to work by McKinsey & Company.
A plan to invest CA$2.5 billion (US$1.97 billion) in the clean energy economy by the Canada Infrastructure Bank could lead to involvement in one of the world’s biggest battery energy storage projects so far.
Renewable energy developer Neoen last month published its plan for a new project in New South Wales, Australia, called the ‘Great Western Battery’ which will be among the country’s largest battery energy storage system facilities to date.
Energy company Total and solar-plus-storage developer 174 Global, a division of Hanwha Group, have formed a joint venture to develop utility-scale solar and storage projects with a total capacity of 1.6GW in the US.
Microgrid simulation facilities at universities in Germany and Australia are being supplied with technical solutions by major global power equipment and systems providers AEG Power Solutions and Hitachi ABB Power Grids.
An increase of 20GWh of battery storage could reduce the amount of wasted wind power in Great Britain by 50%, according to new analysis from consultancy LCP.
Virginia’s clean energy policies introduced during 2020 included the US’ biggest state-level target for deployment of energy storage – and the state’s regulator has now introduced the rules intended to enable achievement of that target.
