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Battery storage for Germany’s energy transition: Unlocking untapped potential
Germany's energy transition is making significant progress: In the first half of 2024, the share of renewable energy in the electricity mix rose to 57 %. This new influx of renewable energy is pushing the power grid to its limits. Battery energy storage systems and an optimized redispatch procedure could play a key role in improving the integration of renewables and alleviating grid congestion. However, some hurdles still need to be overcome, according to Benedikt Deuchert of Kyon Energy.
Aug 19, 2024
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Atlas Renewable garners $289 million for battery energy storage in Chile
Financing for the battery energy storage system (BESS) del Desierto project in Chile involves agreements with BNP Paribas and Crédit Agricole CIB with a $219 million loan and US$70 million in other credit lines. The fresh capital should finance the construction of the 200 MW / 800 MWh system, located in the commune of María Elena, Antofagasta region.
BW ESS, Penso Power and Shell sign seven-year fixed-price deal for 330 MWh BESS asset in the UK
Long-duration tolling agreement will see Shell Energy Europe trade a 100 MW/330 MWh battery energy storage system (BESS) in Great Britain, scheduled for commissioning in late 2024. The fixed-price deal comes at a time of reduced revenues for batteries trading in Great Britain’s electricity wholesale markets.
esVolta secures financing for 980 MWh Texas standalone battery storage portfolio
The Electric Reliability Council of Texas (ERCOT) grid has been a particularly fertile ground for standalone battery energy storage systems as they continue to earn significantly more than systems collocated with renewable energy plants.
Tackling merchant risk – A deep dive into Europe grid-scale energy storage contracted revenue
Current market conditions are propelling grid-scale project deployment in a more diversified European energy storage market. Anna Darmani, principal analyst – energy storage EMEA, at Wood Mackenzie, examines revenue streams in different parts of Europe and emerging routes to the market.
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All Revenue streams news
Battery storage for Germany’s energy transition: Unlocking untapped potential
Germany's energy transition is making significant progress: In the first half of 2024, the share of renewable energy in the electricity mix rose to 57 %. This new influx of renewable energy is pushing the power grid to its limits. Battery energy storage systems and an optimized redispatch procedure could play a key role in improving the integration of renewables and alleviating grid congestion. However, some hurdles still need to be overcome, according to Benedikt Deuchert of Kyon Energy.
Atlas Renewable garners $289 million for battery energy storage in Chile
Financing for the battery energy storage system (BESS) del Desierto project in Chile involves agreements with BNP Paribas and Crédit Agricole CIB with a $219 million loan and US$70 million in other credit lines. The fresh capital should finance the construction of the 200 MW / 800 MWh system, located in the commune of María Elena, Antofagasta region.
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BW ESS, Penso Power and Shell sign seven-year fixed-price deal for 330 MWh BESS asset in the UK
Long-duration tolling agreement will see Shell Energy Europe trade a 100 MW/330 MWh battery energy storage system (BESS) in Great Britain, scheduled for commissioning in late 2024. The fixed-price deal comes at a time of reduced revenues for batteries trading in Great Britain’s electricity wholesale markets.
esVolta secures financing for 980 MWh Texas standalone battery storage portfolio
The Electric Reliability Council of Texas (ERCOT) grid has been a particularly fertile ground for standalone battery energy storage systems as they continue to earn significantly more than systems collocated with renewable energy plants.
Advertisement
Tackling merchant risk – A deep dive into Europe grid-scale energy storage contracted revenue
Current market conditions are propelling grid-scale project deployment in a more diversified European energy storage market. Anna Darmani, principal analyst – energy storage EMEA, at Wood Mackenzie, examines revenue streams in different parts of Europe and emerging routes to the market.
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.
Interview with Trina Storage: We expect consolidation in the coming years
In a recent interview with pv magazine Italia, Gabriele Buccini, head of utility storage at Trina Solar, talked about the company's vertical integration and its forecasts for the storage market. “There is enough capacity available to drive prices down in 2024 in an anomalous way,” Buccini said when talking about global battery energy storage production levels.
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