Four-hour battery storage is less expensive than open-cycle gas turbines in the 43 markets in which both technologies were modelled, according to a new report from market research firm Wood Mackenzie.
Japanese trading company Sumitomo Corporation has invested in a utility-scale renewable energy park combining solar PV, wind and energy storage in India.
Three US utilities, Ameren Missouri, DTE Energy in Michigan, and Black Hills Energy in Colorado have recently submitted IRPs with highlighted BESS project additions.
Pakistan’s National Electric Power Regulatory Authority (NEPRA) has approved plans to require bidders in a renewable energy auction to include energy storage.
Energy companies are accelerating battery storage deployment in Romania, with Aukera, ENEVO Group and Kraftfeld Energy, and PPC Renewables Romania announcing significant project developments.