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USA: Western grid enters new era as CAISO launches Extended Day-Ahead Market
The May 1 go-live of the Extended Day-Ahead Market (EDAM) marks the first time Western utilities can coordinate large-scale solar and storage resources 24 hours in advance, a move projected to significantly slash curtailment and boost regional reliability.
California sets precedent by overriding local blockade to advance 1.2 GWh Soda Mountain BESS
California is asserting state authority to revive the $700 million Soda Mountain project, marking a new era where Sacramento can reclaim authority from local counties to force stalled utility-scale solar and storage across the finish line.
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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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Major supercapacitor hybrid energy storage project comes online in China
The project adopts supercapacitor hybrid energy storage assisted frequency regulation technology, consisting of 60 sets of 3.35 MW/6.7 MWh battery energy storage systems and 1 set of 3 MW/6-minute supercapacitor energy storage system.
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