The Energy Storage Report 2024
Now available to download, covering deployments, technology, policy and finance in the energy storage market
Industry insiders have criticised a lack of encouragement for green energy projects after battery storage won just over 10MW of combined capacity in the latest capacity market auction, well down on the success enjoyed by the technology in December’s T-4 bidding process.
While Brexit – the impending departure of the UK from the European Union – looms, bringing uncertainty into the country’s economy and international relationships, the role energy storage will play in a decentralised, low(er) carbon and more flexible energy system at least seems a little more assured than it did before.
Nidec ASI has been selected as supplier of batteries to a 49MW energy storage project in the UK by EDF, which will help balance the grid and generate revenues until at least 2035.
What is thought to be India’s first grid-scale energy storage array will be developed and delivered by a joint partnership between system provider AES and Mitsubishi Corporation, it was announced.
German utility SWW Wunsiedel has ordered a large-scale battery storage system from engineering and technology giant Siemens, which will participate in weekly tenders to help balance the local grid.
Developers who were successful in winning contracts within last week’s Capacity Market auction have lauded the “crucial role” battery storage is set to play in the future for the national grid.
After some hesitation, India’s energy storage market looks to be propelling itself into the big leagues with tenders and private projects on the way, Harsh Thacker of the India Energy Storage Alliance writes.