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Articles written by Blathnaid O’Dea
Eos Energy lands $315.5 million investment to expand its LDES market footprint
New York-based Cerberus Capital Management’s investment will enable Eos Energy to restructure some existing debts as it aims to capitalize on increased global demand for long-duration energy storage services.
Jun 26, 2024
Uniper to recommission 160 MW pumped storage plant in Germany
The Happurg pumped storage plant was shut down in 2011 for safety reasons after the base of the upper reservoir was damaged. Uniper has carried out feasibility studies on the site, with a view to reconnecting it to the grid in 2028. The facility can store approximately 850 MWh of electricity in the form of pumped water.
Southeast Asia targets 18 GW of pumped hydro by 2033
According to projections from Norwegian consultancy Rystad Energy, Southeast Asia’s share of pumped storage hydropower is set to increase nearly eightfold in less than a decade – from 2.3 GW today to 18 GW by 2033. Rystad’s figures say that there is currently 2.7 GW of pumped hydro storage under construction, while the remaining 13.3 GW is in various stages of development.
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Bulgaria backed by EIB for 1.6 GW of pumped storage
The European Investment Bank (EIB) will conduct economic and technological feasibility studies on two Bulgarian pumped storage hydropower plants due to be operational by 2032. The projects will each add generation capacity of around 800 MW and will both come with a price tag of around €900 ($964) million.
Nova Scotia gold mine could host PV-plus-pumped hydro storage energy hub
A new partnership will investigate the viability of colocating a closed-loop pumped hydro energy storage facility with solar PV at the site of a former gold mine in Moose River in the Canadian province of Nova Scotia. Atlantic Mining, owner of the mine, and Natural Forces, a renewables company with 300 MW of operational capacity in Canada, are optimistic the project will be feasible.
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LG Energy Solution offers funding to battery startups
South Korean battery manufacturer LG Energy Solution is on the lookout for potential candidates for its 2024 Battery Challenge accelerator. The competition will award a maximum of 10 global companies with a $30,000 cash prize each, as well as an opportunity to develop their proof-of-concept.
US commercial real estate to host VPP-connected flywheels and batteries
US-based technology provider Torus has agreed to supply nearly 26 MWh of energy storage for Gardner Group's commercial real estate portfolio. The project will integrate battery and flywheel energy storage systems (BESS, FESS) with Torus' proprietary energy management platform.
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