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Chart showing average total gross margins
Tenders
Poland’s new capacity market auction could hamper BESS The draft parameters for this year’s capacity market auction in Poland could make the rollout of battery energy storage systems (BESS) much more difficult. The document proposes a significant reduction to the BESS derating factor that could be particularly harmful for longer duration storage systems.
Marija Maisch
May 31, 2024
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Chart showing the fully installed energy storage system average capex and ranges by technology
Supply chain
LDES poised to outcompete lithium-ion batteries While most long-duration energy storage (LDES) technologies are still early-stage and costly compared to lithium-ion batteries, some have already or are set to achieve lower costs for longer durations, finds BloombergNEF.
Marija Maisch
May 31, 2024
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Map showing the NSW Electricity Infrastructure Roadmap Tender Round 5
Tenders
Australia’s NSW opens largest energy storage tender in history The Australian state of New South Wales (NSW) has made history, opening two significant tenders for projects of up to 1 GW of new, long-duration energy storage projects, and up to 3.98 GW of access rights to the South West Renewable Energy Zone.
Ev Foley
May 31, 2024
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Illustration of geomechanical energy storage project
Grid-scale
Texas to host 300 MW of geomechanical energy storage projects Quidnet Energy, a provider of geomechanical energy storage (GES) technology, has joined hands with distributed energy resources developer Hunt Energy Network to deliver 300 MW of storage projects in the Electric Reliability Council of Texas (ERCOT) grid operating region.
Marija Maisch
May 30, 2024
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Large energy storage system
Grid-scale
Teesworks, NatPower partner on 1 GW battery storage project in UK Teesworks, the operator of the largest industrial zone in the UK, has unveiled plans for the deployment of a 1,000 MW/4,000 MWh battery energy storage system in partnership with renewables developer NatPower SA.
Marija Maisch
May 30, 2024
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Neoen battery installation
Industry
Brookfield reaches majority stake agreement in Neoen Canadian global asset management company Brookfield has reached agreement for a majority stake in Australia’s largest developer of renewables, France-headquartered Neoen, and is set to acquire a 53.32% stake in pursuit of 100% ownership.
Ev Foley
May 30, 2024
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Aerial view of planned pumped hydro project
Grid-scale
Evolution pushes ahead with 20 GWh pump hydro project Australian miner Evolution Mining is moving on a $7 billion plan to build a 2 GW / 20 GWh pumped hydro electricity generation facility in the pit of a 20-year-old gold mine in southeast Queensland.
David Carroll
May 30, 2024
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Solar plant in south-central Uzbekistan
Grid-scale
Uzbekistan to build its first big battery Nur Bukhara Solar PV LLC FE, a project company owned by Masdar, will deliver a 63 MW battery energy storage system alongside a 250 MW solar plant in south-central Uzbekistan.
Patrick Jowett
May 29, 2024
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Svolt battery
Manufacturing
SVOLT abandons plans to open battery factory in Germany Chinese battery manufacturer SVOLT has cancelled plans to open a plant in the German state of Brandenburg. Meanwhile, its plans for cell production in Saarland, southwest Germany, continue to be delayed.
Marija Maisch
May 29, 2024
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