Tag: energy storage

Global Energy Storage Pipeline Led By NAWE And Asia With Battery Systems Most Popular

We believe that a key factor that is supporting the strong pipeline in NAWE and Asia is that several markets, such as the US, Australia and Mainland China are forecasted to see significant growth in their non-hydropower renewables capacity in the next decade and limited large scale baseload low carbon power generation options. We forecast that the US, Australia and Mainland China will have 35%, 26% and 31% of their total electricity generation from renewable sources in the year 2031 respectively.

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Energy Storage Benefit-Cost Analysis in US: Report

Battery storage is a particularly difficult technology to assess with a BCA, for several reasons. This report presents a BCA framework for battery storage and attempts to address many of the uncertainties state energy agencies may encounter. The report is based on best practices gleaned from numerous BCAs undertaken by early adopter states, as well as related literature about how to value battery services.

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Zenobē to invest $886.5m in energy storage projects in Scotland

Zenobē Energy, a British company that specialises in energy storage, has started building a 1 GW storage facility in Scotland that will require approximately $886.5 million total investment. Blackhillock, Kilmarnock South, and Eccles will be the sites of the three utility-scale battery storage assets.

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GridStor buys 500 MW energy storage projects in LA

GridStor, a company that develops and manages grid-scale battery energy storage systems, has purchased a portfolio of storage projects from Upstream Energy of San Diego that are currently being built in the greater Los Angeles area. The portfolio comprises numerous projects with anticipated online dates between 2024 and 2026, totaling more than 500 MW/2,000 MWh of capacity, or enough energy to power 375,000 California homes.

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Fluence and TransnetBW to construct grid storage system in Germany

Fluence Energy and TransnetBW have announced plans to build a 250 MW battery energy storage (BES) project as part of a transmission project in Germany. The Netzbooster project will be situated at Germany’s main grid centre in Kupferzell. The objective of the project is to assist German transmission system operator (TSO) TransnetBW in maximising network use throughout the country.

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Mexico’s PRODESEN 2022–36: Focuses on integrating new generation and storage projects

SENER recently published the Programa de Desarrollo del Sistema Eléctrico Nacional (PRODESEN) 2022–36 or the National Electric System Development Plan 2022–36, with an emphasis on DG, BES and smart grids. Under PRODESEN 2022–36, SENER plans to add over 56 GW of generation capacity, including 9 GW (16 per cent) of DG capacity, and 4.6 GW (8.2 per cent) of BES capacity. About 40 per cent of the total planned capacity will be based on clean energy sources.

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24/7 Clean Power Purchase Agreements: Report

A new form of Power Purchase Agreement (PPA) — the 24/7 clean PPA — promises dramatic increases in the effectiveness of emission reduction efforts in the power generation sector and for corporate off-takers. 24/7 clean PPAs have the potential to address key problems in balancing supply and demand for power as renewables contribute an increasing proportion of generation capacity.

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Cypress Creek purchases 400 MW energy storage portfolio in Texas

Cypress Creek Renewables, a US-based solar energy provider, has purchased 400MW/600MWh of standalone energy storage projects in Texas from Black Mountain Energy Storage (BMES). The company acquired four independent energy storage projects with a combined capacity of 100 MW that were spread out across the Electric Reliability Council of Texas (ERCOT). The development stages of each energy storage project are presently underway.

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Race to Net Zero: The Pressures of the Battery Boom in Five Charts

Total demand for battery metals is forecast to jump by 50% this year to 4.8 million metric tons, and race to over 17.5 million tons by the end of the decade. Demand for lithium is set to grow the fastest, surging more than sevenfold between 2021 and 2030. The key question is whether there is sufficient supply to meet booming demand. Battery metals markets are expected to be tight in 2022 as rising demand coincides with inflationary pressures and supply chain constraints.

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Wärtsilä to provide 500 MW energy storage portfolio for Clearway Energy Group

Wärtsilä, a Finnish energy provider, has won a contract from Clearway Energy Group to provide a 500MWac/2GWh energy storage portfolio for Clearway’s solar-plus-storage projects. The five solar-plus-storage sites are a combination of energy storage and solar photovoltaic (PV) resources, and they are situated in Hawaii and California. The Daggett II and Daggett III projects, with a combined solar PV capacity of 482MWac and 275MWac/1.1GWh of energy storage, are part of the portfolio.

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US DoE launches a $500 million mines-to-clean energy programme

On current or former mine lands across the country, the US Department of Energy (DoE) will construct clean energy projects as part of a $500 million programme. The initiative will support a number of technologies, including solar PV, microgrids, and/or energy storage, and at least two funded projects must use solar energy. In order to provide the projects, the DoE is investigating options for domestic solar manufacturers.

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Agilitas raises $350 million to develop renewable energy projects

Agilitas Energy, a US-based energy asset developer, has raised $350 million in equity capital to construct a national renewable energy and storage platform. CarVal Investors, a global alternative investment company, managed the two-tiered investment. The funds will be used by Agilitas Energy to accelerate the development, construction, and operation of distributed and utility-scale solar photovoltaic (PV) and energy storage projects in the US.

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Innergex selects Mitsubishi Power for BESS projects 

Innergex Renewable Energy, a Canadian power company, has selected Mitsubishi Power’s Emerald Storage Solution for battery energy storage (BESS) projects in Chile’s Atacama Desert. The contracts are for Innergex’s 68 MW Salvador and 50.6 MW San Andres solar plants, which are slated to begin construction next year. The five-hour energy duration projects will cost $128.5 million in total and have a combined capacity of 85 MW/425 MWh.

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India and Italy partner for green hydrogen, biofuel and energy storage

India and Italy will develop partnerships in key renewable energy sectors such as green hydrogen, biofuels, and energy storage. The decision was taken in a meeting between the Minister of External Affairs, India and his Italian counterpart. Reportedly, the discussion also covered the implementation of the India-Italy Strategic Partnership on Energy Transition, which was announced in 2021.

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Finding the right battery technology for long-duration storage

The emergence of iron-based chemistries to solve some of the cost issues of RFBs is expected to improve their commercial feasibility, allowing them to compete with lithium-ion for around half of the stationary storage market by 2030, according to the US Department of Energy’s Energy Stor­age Grand Challenge Market Report 2020. Currently, the preferred electrolyte for flow- batteries is vanadium due to its stability.

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AGL secures planning approval for 500MW/2GWh battery project

Australian energy utility, AGL, has received approval to build a 500 MW battery, with up to four hours of storage. The proposal has been approved by the state Department of Planning and Environment. The grid-scale lithium-ion battery energy storage system will be based at the site of the soon-to-be-closed Liddell power plant near Muswellbrook in the Hunter Valley.

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Germany’s Network Expansion Plans: BNetzA confirms NEP

The recently approved National Development Plan or Netzentwicklungsplans (NEP) 2021-35 by Germany’s Federal Network Agency, Bundesnetzagentur (BNetzA), tries to address these challenges by focusing on creating network expansion opportunities and paving the way for meeting climate neutrality goals. The plan outlines the grid expansion and optimisation that is necessary up to 2035 to reach Germany’s climate targets. It also defines the necessary offshore transmission links.

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Role of Battery Storage in Energy Transition

While the use of energy storage in national networks is not new, energy storage, and in particular battery storage, has emerged in recent years as a key piece in this puzzle. This report by Baker McKenzie discusses the energy storage sector, with a focus on grid-scale battery storage projects and the status of energy storage in a number of key countries.

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UK to fund renewable energy storage technologies 

The government of UK has announced funding for the installation of new renewable energy storage systems around the country. The government has awarded $9 million to 24 projects around the country as part of the Longer Duration Energy Storage (LODES) competition, which is worth a total of $91 million.

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