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Perspective on flexibility: How batteries, demand response, and interconnectors are powering a new grid
As renewables surge and baseload plants retire, the energy system is facing an urgent need for flexible capacity to balance increasing volatility. While long-term solutions like batteries, interconnectors, and green hydrogen are underway, several short-term measures – from pairing new renewable energy plants with storage to leveraging underused grid connections – could help bridge the flexibility gap now. Sven Heiligtag, Managing Director at Vireo Ventures, explores both the challenges and actionable opportunities to stabilize the grid during the transition.
Australian scheme to deliver 100 neighborhood batteries kicks off final funding round
The Australian state of Victoria has launched its third and final round of grant funding through the 100 Neighbourhood Batteries Program, offering AUD$400,000 per battery through multiple streams of eligibility to a pool of nine council regions.
Delta Green and E.ON offering $234 a year to households for grid flexibility
The virtual power plant (VPP) revolution is rolling out, with E.ON offering flexibility to the grid from home batteries, electric vehicle chargers, solar exports, and more, via Delta Green's software, and paying households for the optionality.
Researchers identify optimal level of solar, battery storage for Europe
Scientists in Hungary have developed a model to calculate the optimal PV and battery storage balance to support the European grid in the next few years. They found the cost-optimal range is 530 GW to 880 GW of solar, combined with battery storage equivalent to 2.5% to 7.5% of the total intermittent capacity.
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Winter weather in Australia highlights bigger role for batteries
The latest quarterly report from the country’s energy market operator shows the role of batteries in supporting demand peaks in the National Electricity Market is on the rise, with average generation in those periods more than doubling since the same time last year.
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Dutch utility Eneco to use residential batteries for grid stress relief
Dutch energy supplier Eneco has partnered with local energy storage manufacturer Charged to trial the use of solar power stored in home batteries of customers with fixed and variable contracts in a bid to alleviate stress on the grid.
Desay Battery, Victory Giant Technology partner on China’s largest user-side energy storage project
The project, located in Victory Giant Technology Industrial Park in Huizhou, Guangdong Province, is designed to have a capacity of 121MW / 630MWh, making it the largest commercial and industrial (C&I) energy storage station in China.
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Global energy storage fleet to surpass 1 TW/3 TWh by 2033, WoodMac says
According to the latest forecast from Wood Mackenzie, the global energy storage market (excluding pumped hydro) is on track to reach 159 GW/358 GWh by the end of 2024 and grow by more than 600% by 2033, with nearly 1 TW of new capacity expected to come online.
In Conversation: How cheap can battery storage get?
Rapidly declining battery energy storage prices are on everyone’s lips, but rare are the ones who can say for how long costs can stay on a downward trajectory. pv magazine ESS News sat down with Taipei-based InfoLink Consulting to hear their take on the market developments.
Jul 04, 2024
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