Energy Vault, Enervest team on 1 GWh battery storage in Australia
Energy Vault, a Swiss company which initially entered international markets with gravity-based storage technology has signed an AUD 350 million ($234 million) agreement with Australian developer Enervest to deliver a 1 GWh lithium battery for a site in Stoney Creek, New South Wales (NSW).
Advertisement
Most Popular
General Motors launches residential storage system
The US-based automotive manufacturing company said its new storage system offers the option of integrating with PV systems. It can be scaled to reach a capacity of up to 35.4 kWh, which the company said would enable approximately 20 hours of storage.
Advertisement
Advertisement
United Bankers’ UB Renewable Energy Fund invests in electricity storage
On 15 October 2024, UB Renewable Energy Fund (AIF) has acquired from the Swiss-Finnish AmpTank Finland Oy a significant majority stake in a project company that will build and operate a 30 MW battery energy storage system (BESS) to be located at Fingrid's Kellarijanka substation in Kemijarvi.
Energy storage is a solved problem
There are thousands of extraordinarily good pumped hydro energy storage (PHES) sites around the world with extraordinarily low capital costs. When coupled with batteries, the resulting hybrid systems offer large energy storage, low cost for both energy and power, and rapid response. Storage is a solved problem.
Advertisement
When will there be nationwide financing solutions for battery storage systems in Germany?
The use of battery storage systems is essential for the success of the energy transition and the best possible use of renewable energies, but also for being able to temporarily store surplus energy from other sources. Technically, there are already solutions for all possible sizes of battery storage systems, from private home storage systems to large-scale storage systems with a capacity of more than 50 MWh. But what about the financing of battery storage systems, is it already offered as standard?
The significance of state-of-charge
Everoze Partner Nithin Rajavelu considers the crucial importance of properly measuring and managing battery state-of-charge (SoC) for the efficiency, longevity, and safety of battery energy storage system (BESS) projects, especially in lithium ferro-phosphate (LFP) devices, which are widely used for large-scale storage.
Sep 25, 2024
Global energy storage market: H1 2024 installation figures
Policy mandates in China have driven the global energy storage market in the first half of 2024 to new highs, backed by the rapid growth in the US market. Meanwhile, Europe posted mixed results. Robin Song, InfoLink Consulting’s energy storage analyst, breaks down the figures.
Battery storage for Germany’s energy transition: Unlocking untapped potential
Germany's energy transition is making significant progress: In the first half of 2024, the share of renewable energy in the electricity mix rose to 57 %. This new influx of renewable energy is pushing the power grid to its limits. Battery energy storage systems and an optimized redispatch procedure could play a key role in improving the integration of renewables and alleviating grid congestion. However, some hurdles still need to be overcome, according to Benedikt Deuchert of Kyon Energy.
Advertisement
Advertisement
Advertisement
Advertisement
The leading global solar and storage media platform with regional insights.
- pv magazine publishes monthly and quarterly magazines in English and German and operates daily industry news channels covering specific markets.
- With its independent, technology-focused reporting, pv magazine concentrates on the latest developments in the solar PV and energy storage markets and local industries.