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Long duration energy storage must scale 50x faster to reach net zero
Long-duration energy storage (LDES) capacity should reach 1.5 TW by 2030 and up to 8 TW by 2040 to achieve global decarbonization targets, says the LDES Council. Its annual report contains ‘seven enablers’ to scale LDES, mostly hinging on awareness of the technology.
Three UK BESS assets secure ten-year voltage contracts
Trio of storage projects in England selected to provide voltage services through tender process. Increased low carbon energy generation and a drop in minimum demand on Great Britain’s grid is driving need to find new ways of managing reactive power, according to system operator.
U.S.: Aypa secures financing for 1 GWh Arizona battery, Averon activates 600 MWh Tesla battery
Aypa Power has secured $398 million for its 250 MW/1 GWh Pediment battery energy storage system (BESS) and the first phase of Arevon's 758 MWdc solar and 300 MW/1.2 GWh Tesla Megapack BESS project is operational.
Australia’s batteries surf revenue wave on back of volatile power prices
Investments in battery storage within Australia's National Electricity Market (NEM) are increasingly profitable due to higher power price volatility and changing market dynamics, according to the latest report by Wood Mackenzie. Going forward, four-hour storage systems are projected to have fastest return on investment.
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Long duration energy storage must scale 50x faster to reach net zero
Long-duration energy storage (LDES) capacity should reach 1.5 TW by 2030 and up to 8 TW by 2040 to achieve global decarbonization targets, says the LDES Council. Its annual report contains ‘seven enablers’ to scale LDES, mostly hinging on awareness of the technology.
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Three UK BESS assets secure ten-year voltage contracts
Trio of storage projects in England selected to provide voltage services through tender process. Increased low carbon energy generation and a drop in minimum demand on Great Britain’s grid is driving need to find new ways of managing reactive power, according to system operator.
U.S.: Aypa secures financing for 1 GWh Arizona battery, Averon activates 600 MWh Tesla battery
Aypa Power has secured $398 million for its 250 MW/1 GWh Pediment battery energy storage system (BESS) and the first phase of Arevon's 758 MWdc solar and 300 MW/1.2 GWh Tesla Megapack BESS project is operational.
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Australia’s batteries surf revenue wave on back of volatile power prices
Investments in battery storage within Australia's National Electricity Market (NEM) are increasingly profitable due to higher power price volatility and changing market dynamics, according to the latest report by Wood Mackenzie. Going forward, four-hour storage systems are projected to have fastest return on investment.
Brazilian regulator Aneel opens new consultation on energy storage rules
Brazilian electricity regulator the Agência Nacional de Energia Elétrica (Aneel) has suggested energy storage sites not pay charges for both charging and discharging into the grid and that such facilities should benefit from revenue stacking.
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