Recent policy announcements from the European Union could boost the energy storage market, an analyst says, but also reveal inherent weaknesses of the bloc’s free electricity market.
Battery energy storage system integrator Powin has acquired EKS Energy, a provider of advanced power electronics and energy management solutions for energy storage and renewables.
Developer Terra-Gen has closed US$969 million in project financing for the second phase of Edwards Sanborn Solar-plus-Storage facility in California, which will bring it to 3,291MWh of energy storage capacity.
Australian mining group BHP will use a 45MW solar, 35MW battery energy storage system from Alinta Energy to halve emissions at its WA Iron Ore port facilities at Port Headland by end-2024.
Gravity-based energy storage company Energy Vault has been issued a mandate for an initial 2GWh of its proprietary solution at net-zero industrial parks in China.
A solicitation for large-scale energy storage could be hosted in about a year’s time as part of the push towards New York achieving its target of deploying 6GW of energy storage on the grid by 2030.
Hecate Grid has progressed a 300MW/1,200MWh battery storage project in California, US, signing off-take contracts for its stored energy and gaining a key local authority approval.
