Utility-scale renewables developer Intersect Power has secured US$2.6 billion in financing for the construction and operations of a portfolio of solar and energy storage projects in California and Texas.
What is thought to be Southeast Asia’s largest battery energy storage system (BESS) to date will be supplied to a solar PV-plus-storage project in Thailand by Sungrow.
The 2020s are “the energy storage decade,” and the world will surpass a terawatt-hour of installations by the time they are over, according to predictions made by analysts at BloombergNEF.
Battery capacity has started to come online at what is claimed to be the world’s largest project to combine solar PV and battery storage at the same site, in California.
Two pumped hydro energy storage (PHES) projects at very different stages of development in Hawaii and Wyoming would enable hundreds of additional megawatt-hours of clean energy use in each region.
The government of Alberta, Canada, has announced that CA$25 million (US$20.1 million) in financial support has been offered for solar-plus-storage and pumped hydro energy storage as part of a CA$176 million package that will also give funding to oil and gas industry projects.
The installed cost of solar PV, solar-plus-storage and standalone battery energy storage in the US was reduced across all market segments between 2020 and 2021, with the biggest drop seen in the utility-scale segment.
