Increased confidence in the asset class has been driven by three main factors: more third party trading counterparties entering the space and offering new and innovative products, increased volatility in the trading markets and the increased market size of frequency service contracts.
In this final episode of the Solar Media Podcast for 2020, Liam Stoker and Andy Colthorpe reflect on the biggest stories of the year and gaze into their crystal balls for 2021.
A couple of weeks ago the New York Power Authority (NYPA) began trialling an energy storage system using lithium batteries based around start-up Cadenza Innovation’s ’Supercell’ architecture which aims to eliminate the threat posed by thermal runaway. NYPA’s R&D lead Alan Ettlinger and Cadenza Innovation CEO Christina Lampe-Onnerud spoke with Energy-Storage.news as the trial got underway.
The cost of Lithium-ion battery packs has fallen close to 90%, and rates lower than US$100/kWh have been reported for the first time, foreshadowing rapid declines across the energy storage market.
Google is investing in battery energy storage to serve as a backup power solution at one of its data centres, in a project described as a first step in changing data centres “from climate change problems to critical components in carbon-free systems”.
NREMC, a rural utility cooperative in Indiana, has just announced that it is deploying 108MWh of battery storage in a five-year project with energy storage technology and solutions provider FlexGen.
A 100MW battery storage facility in Co. Offaly in Ireland has this week been energised, having been developed as part of a partnership between local developer Lumcloon Energy and South Korea’s Hanwha Group.
