Vanadium flow battery supplier Invinity Energy Systems has signed a memorandum of understanding with the power and industrial systems arm of Korean conglomerate Hyosung Corporation to commercialise its batteries in South Korea and elsewhere.
Long duration energy storage (LDES) technologies may have a difficult time competing with lithium-ion over the next decade as the latter’s cost-competitiveness at longer durations increases, possibly even to 24 hours, according to Haresh Kamath, Electric Power Research Institute (EPRI).
The world’s largest combined lithium-vanadium battery energy storage system (BESS), the Energy Superhub Oxford (ESO), will soon start fully trading in the UK’s electricity market, showcasing the potential of hybrid assets.
Here are three interesting new California projects using solar and storage storage we’ve learned about in the past few days that combine technologies and applications to maximise the benefits of battery storage and solar.
Flow battery maker Avalon has initiated a novel business model aimed at lowering the cost of deployment of its energy storage units, effectively ‘renting’ the electrolytes in the devices to a customer in California.
juwi Renewable Energy and the University of Queensland signed off on an agreement on 30 August 2018 to develop a PV / flow battery hybrid power solution at the Heron Island Research Station located in the Great Barrier Reef.
Recent moves in California to develop large-scale energy storage with four hours’ storage duration are just the beginning of a move towards using batteries as a capacity resource, the president of flow battery company CellCube has said.