Optimiser Habitat Energy has secured a deal with UBS Asset Management to handle the energy market activity of four BESS projects totalling 730MW in ERCOT, Texas.
The BESS industry is looking at ways to leverage the 45x tax credit for domestic cell manufacturing in the US, with the domestic content investment tax credit (ITC) bonus still unclear.
The noise of battery energy storage system (BESS) technology has “exploded” as a concern in the last six months, an executive from system integrator Wartsila ES&O said.
Hyperstrong, the largest BESS system integrator in China, is targeting the US energy storage market after becoming one of the largest providers globally.
The BESS ‘land grab’ looks set to continue as Tier 2 companies vie for market share before countries potentially curb imports from China, with one developer suggesting the recent CATL-Duke Energy case will “not be unique”.
BESS price falls have pushed many marginal projects in merchant markets into a rate of return needed for investment, US developer Available Power told Energy-Storage.news amidst the sale process for its own 100MW/200MWh ERCOT project.
The issue of ensuring reliability of BESS resources in the Texas electricity market has not gone away for grid operator ERCOT, despite the state regulator’s recent quashing of proposed minimum state-of-charge (SOC) rules.
Canada utility Hydro-Quebec’s BESS technology arm EVLO Energy Storage has prioritised safety and quality while compromising on energy density, executives told Energy-Storage.news.
According to Wood Mackenzie, energy storage deployment numbers in the US broke records for three successive quarters with previous records “shattered” to finish the year.
