Chem-Energy, a petroleum products company, is planning a $1 billion investment in solar and battery plant facilities in Central Texas. Beginning in Spring 2022, two facilities with a combined capacity of 400 MW/800 MWh of battery storage and 600 MW of solar power generation will be constructed in Caldwell County.
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Georgia Power, a US utility, plans to install and manage the state’s first standalone battery storage system on the transmission grid. The Georgia Public Service Commission has approved plans for the Mossy Branch Battery Facility.
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The Rosatom State Nuclear Energy has announced its plans to build a 3 GW lithium-ion battery manufacturing facility in the Russian province of Kaliningrad. The province is located between Poland and Lithuania along the Baltic coast. The lithium-ion batteries with be based on a technology developed by Enertech International, a South Korean developer. In March 2021, Rosatom acquired a 49 per cent stake in the company.
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Canadian Solar’s majority-owned subsidiary, CSI Solar Co., has got a contract to supply a 350 MW/1,400 MWh fully integrated battery storage system to the Crimson stand-alone battery storage project in Riverside County, California. CSI will also provide EPC and long-term maintenance services as part of the contract.
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Ample, a San Francisco-based company, has raised $160 million in its Series C funding to expand its swappable, modular electric vehicle battery system. Ample is attempting to revive an old concept of leapfrogging charging difficulties by providing speedy battery swaps to EV owners.
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BCPG PLC, a Thai renewables firm, has invested $24 million in VRB Energy, a producer of vanadium flow batteries, to help it expand its worldwide energy storage business.The investment will go into developing VRB Energy’s unique storage system, enhancing production capacity, and vertically integrating vanadium processes.
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Maldives’ Ministry of Environment, Climate Change, and Technology has floated a tender for the engineering, procurement, construction of a 40 MW/40 MWh battery energy storage systems (BESS) across 11 select islands. The BESS are set to improve renewable energy penetration for island grids and ensure efficient operation of generators in the solar-diesel hybrid generation mix.
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Energy Vault, the creator of renewable energy storage products announced new investment from Saudi Aramco Energy Ventures (SAEV). Energy Vault will use the funds to accelerate global deployment of its technology, which is designed to enable intermittent renewable energy generation to be stored at GW-hour scale both economically and sustainably, to deliver dispatchable power on demand. The amount of the investment was not disclosed.
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Under the production-linked incentive (PLI) scheme, the Indian union cabinet has approved the “National Program on Advanced Chemistry Cell Battery Storage”. The program has an outlay of Rs 181 billion and aims to achieve 50 GWh of advanced chemistry cell and 5 GWh of niche advanced chemistry cell manufacturing capacity.
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EDF Renewables has acquired a wind farm project in the Australian state of Queensland. The project is expected to have a power generating capacity of about 280 MW and also has approval for a battery storage component. The project, named Banana Range wind project has been purchased from Goldwind Australia and Lacour Energy.
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The National Renewable Energy Laboratory’s (NREL’s) U.S. Solar Photovoltaic System and Energy Storage Cost Benchmark: Q1 2020 documents a decade of cost reductions in solar and battery storage installations across utility, commercial, and residential sectors. NREL’s cost benchmarking applies a bottom-up methodology that captures variation in system design and regional costs, helping to identify future research and development directions that could further reduce costs.
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Singapore-based manufacturer, Sun Cable has applied with the Development Consent Authority of Australia’s Northern Territory to build a facility that will manufacture Maverick solar array systems, designed by 5B. Sun Cable plans to build the manufacturing facility in East Arm Business Park in Darwin, which is close to the city’s port. Sun Cable reports that the construction of the project will begin immediately after financial close in October 2023, with commercial operations to begin in 2027.
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The Queensland state government has proposed installing five large-scale, network-connected batteries as part of a community battery trial. The batteries will have a cumulative capacity of 40 MWh and will be installed at substations in Townsville, Yeppoon, Bundaberg, Hervey Bay, and Toowoomba. Energy Queensland-owned sites have been identified for this trial where there is high penetration of solar on the network and deployment can occur as quickly and efficiently as possible.
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Wärtsilä will supply advanced energy storage solutions with a total capacity of 200 MW to Able Grid Energy Solutions. This will entail two interconnected stand-alone systems, Madero and Ignacio, in southern Texas in United States. The energy storage systems will be supplied to Able Grid Energy Solutions, Inc. (“Able Grid”) as per an order placed by the company in February 2021.
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Energy Australia has announced that it will close the Yallourn power station in Victoria’s Latrobe Valley in mid-2028, four years ahead of schedule, and build a 350 MW battery instead. The 1,480 MW brown coal-fired plant currently produces about 22 per cent of Victoria’s electricity and is the oldest power station in the state. With the shutting down of the Yallourn power station reduce, Energy Australia’s carbon dioxide emissions are expected to fall by over 60 per cent.
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Nexamp, US community solar provider, has finalised a $440 million debt financing for a solar and energy storage portfolio with a cumulative capacity of 380 MW. The portfolio is spread across five states in the United States and consists of about 100 community solar projects and energy storage projects of 120 MWh.
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The South Australia government has approved the planning of a wind, solar and batter storage project with a budget of $3 billion, called the Goyder South project. The project is being developed by Neoen, and will consist of 1,200MW of wind power capacity, 600MW of solar power capacity, and up to 900MW/1,800MWh of battery storage capacity. The Goyder South project will be located near Burra in Southern Australia.
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Neoen, a renewable energy developer, has financially closed on the Victoria Big Battery project, an energy storage project with a capacity of 300 MW/450 MWh. While the Clean Energy Finance Corporation, on behalf of the Australian Government will provide debt financing of 160 million Australian dollar, Neoen will also hold equity. The battery storage facility will be located near Geelong, in Victoria.
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Electricity storage company, Highview Power has raised $70 million to distribute its solutions in Africa. The companies involved in raising the funds were Janus Capital, Sumitomo Heavy Industries, and the Spanish company, TSK. Janis Capital has also obtained a stake in Highview Power with an investment of $13 million. The initial investors and founders of Highview Power completed the round with a $5 million investment.
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Energy storage capacity is set to ramp up at a rapid pace in the United States over the medium term. According to the US Energy Information Administration’s (EIA) latest Monthly Generators Statistics from November 2020, the country had just under 1,350MW of utility-scale battery storage capacity in operation, with LS Power’s 250MW Gateway Energy Storage System in California the largest project in operation.
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