A pumped hydro energy storage (PHES) project at a former gold mine in Queensland, Australia which would be able to store 250MW of power for up to eight hours has raised significant funding in the past few days.
The residents of Parlier, a small city in Fresno County, California, are being offered a 20% reduction on their energy bills and reduce the amount of power they buy from utility Pacific Gas & Electric by 90%, by getting solar-plus-storage and energy efficiency equipment installed.
Update 25 March 2021: NGK Insulators responded to a request for more info from Energy-Storage.news and confirmed that the NAS battery storage system will be sited at the 5MW Uliastai solar PV project which is included in the ADB’s Upscaling Renewable Energy Sector project for Mongolia.
Based on the value it provides to grids as shares of renewable energy grow, energy storage is a “very exciting market,” the VP of Goldman Sachs Renewable Power has said.
Two subsidiaries of Wisconsin-based electric and gas company WEC Energy Group have put forward plans for their second large-scale solar-plus-storage project in as many months.
Almost 70% of home solar PV in Germany comes with battery energy storage attached and the country’s residential storage market represented around 2.3GWh of installed capacity by the end of 2020.
Vertically-integrated solar PV company Canadian Solar won nearly 1GWh of battery storage contracts in 2020 and CEO Shawn Qu has said it expects to “capture around 10% of the battery storage market in the US alone” during this year.
