Renewable energy developer Kearsarge Energy expects a 20-50% revenue uplift for a solar-plus-storage project in the New England ISO market by using Customized Energy Solutions’ optimisation platform.
Co-located storage is growing as a proportion of the UK market with 7.2GW of projects in the pipeline, but structuring deals and offtake agreements presents a complex challenge according to an expert source.
Battery energy storage system (BESS) capacity in Italy reached 587MW/1,227MWh in the first three months of 2022, of which 977MWh is distributed energy storage, according to the national renewables association, ANIE Rinnovabili.
Renewable energy company Maoneng has proposed an energy hub in New South Wales (NSW), Australia, with a 550MWac solar farm and 400MW/1,600MWh battery energy storage system (BESS).
A product recall has been announced for around 10,000 units of residential battery energy storage systems (BESS) by manufacturer LG Energy Solution Michigan in the US, due to potential fire risks.
Approval has been granted for a 150MWh battery storage retrofit at a Queensland solar farm under development by Elliott Green Power Australia (EGP), a solar investment fund group currently seeking to sell off its assets and exit the industry.
The US’ installed battery storage capacity reached 1,650MW by the end of 2020, but the country is on track to have nearly 10 times that amount by 2024, according to the national Energy Information Administration (EIA).
Financing has been secured for two projects that will add nearly a gigawatt-hour of battery storage at California solar power facilities this year, by renewable energy company Terra-Gen and private asset management firm Capital Dynamics.
The pipeline for utility-scale battery storage in the UK has been continually increasing and is now over 20GW across more than 800 projects. A recent surge in submitted applications for battery storage has led to a record breaking quarterly submitted capacity for Q2’21.
