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Australia: 2GWh of energy storage reaches financial commitment

The rolling 12-month average for energy storage project investment remains high at nearly AU$1.6 billion (US$1.08 billion). The largest energy storage project to reach this milestone is the 4-hour duration 300MW/1,200MWh Stanwell Big Battery in Queensland, with the battery energy storage system (BESS) to be built at the site of Stanwell Power Station, a

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China''s energy storage deployments for first nine months of

Finally, CNESA also reported that during November, a 32MW / 64MWh lithium-ion battery energy storage project went online, making it China''s first-ever "independent commercial energy storage station". The grid-connected project reduces curtailment of local solar and wind power and is in Golmud, Qinghai province.

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Alberta government offers financial support for

The government of Alberta, Canada, has announced that CA$25 million (US$20.1 million) in financial support has been offered for solar-plus-storage and pumped hydro energy storage as part of a CA$176 million package that will also give funding to oil and gas industry projects.

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Fluence continues path to profitability in first

Energy-Storage.news'' publisher Solar Media will host the eighth annual Energy Storage Summit EU in London, 22-23 February 2023. A few weeks later comes the 5th Energy Storage Summit USA, 28-29 March 2023 in Austin, Texas, followed by the 1st Energy Storage Summit Asia which takes place on 11-12 July 2023 in Singapore.

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Long-duration CO2 Battery startup Energy Dome pens contract for first

Energy Dome has signed a contract with Alliant Energy for a 200MWh long-duration energy storage (LDES) project in Wisconsin, which the US utility considers the "first of many." Italy-headquartered Energy Dome holds the IP for its CO2 Battery, which essentially stores energy through the adiabatic compression of carbon dioxide.

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Industry Updates Archive

In 2020, a Pacific island microgrid project began its first phase with a capacity of 1 MW/2 MWh, using a Kehua energy storage PCS solution. Hoymiles powers Latvia''s largest energy storage project. Energy-Storage.News is part of the Informa Markets Division of Informa PLC. Informa; About Us; Investor Relations;

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India''s ''first grid-connected community

Delhi''s Minister of Power, Satyender Jain, who attended the inauguration of the 150kWh / 528KWh battery storage system, said via Twitter that long-term, the technology used at the "first-of-its-kind" battery storage system "will benefit the environment & us", with its crucial roles including aiding "power supply during electricity discharge due to peak load" in Delhi''s

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Trina Storage launches cell-to-AC BESS solution

In an interview earlier this year with Energy-Storage.news Premium, Helena Li, executive president at Trina Solar, said that using an in-house developed and manufactured LFP cell enables higher levels of quality control over the full supply chain, components and integration of Trina Storage''s second-generation BESS products, which also

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Financial close achieved for 100MWh battery

Nippon Koei is active in battery storage markets in other countries including the UK. Image: Yuso via Twitter. Financial close has been reached for a 25MW / 100MWh battery energy storage system (BESS) project in Belgium which has also been successful in a grid capacity auction alongside gas-fired power plants.

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First US project for European long-duration

Energy-Storage.news'' publisher Solar Media will host the 5th Energy Storage Summit USA, 28-29 March 2023 in Austin, Texas. Featuring a packed programme of panels, presentations and fireside chats from industry leaders focusing on accelerating the market for energy storage across the country. For more information, go to the website.

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Giga Storage contracts Sweco to design 2.8GWh Belgium BESS

Giga Storage targets 5GW of energy storage by 2030. Readers of Energy-Storage.news may be aware that infrastructure investor InfraVia Capital Partners bought a majority stake in Giga Storage in May 2024. The deal sees the founder-led management team retain a ''significant'' stake in the company and continue to lead activities.

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Fluence and Saft claim first-mover advantage to onshore US BESS

Battery energy storage system (BESS) integrator and technology provider Fluence announced last week that it started producing battery modules for its grid-scale solutions at a factory in Utah, as reported by Energy-Storage.news.. It will also be among the few to be able to source cells for its modules from a factory in the US, which Zahurancik confirms in an

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RWE reaches FID on Australia''s first long

Australian renewable energy and infrastructure contractor Beon Energy Solutions will provide balance of plant (BOP) equipment. Ongoing NSW tenders for long-duration resources, REZ access rights. As detailed in the Energy-Storage.news Premium article published after the contract award, RWE''s LTESA with NSW has a 14-year term.

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News Archives

The Winners Are Set to Be Announced for the Energy Storage Awards! Energy Storage Awards, 21 November 2024, Hilton London Bankside. Battery energy storage developer Eku Energy has reached a financial close for 250MW/500MWh battery energy storage system (BESS) in Canberra, the Australian Capital Territory (ACT). Energy-Storage.News is

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Financial close for Ontario''s flagship 1GWh

One of Canada''s energy storage pioneers, NRSTor has over the past decade brokered numerous IESO deals in the province, many of them representing "first-of-a-kind" projects for Ontario, such as for its first commercially operating flywheel and advanced compressed air energy storage (A-CAES) assets.

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Longroad constructing Arizona project acquired from First Solar

Despite the numbering, the project is actually the third in Longroad''s Sun Streams complex of solar PV and batteries. The previous addition, Sun Streams 3, achieved financial close in January, with energy storage system integrator Powin signed up to provide that plant''s 215MW/860MWh BESS, which will be paired with 285MWdc of solar PV.. As reported

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Eos'' post-SPAC financial results show high cost

Eos'' post-SPAC financial results show high cost of commercialisation for zinc battery player. By Andy Long-duration zinc battery energy storage system maker Eos Energy Enterprises'' order book, backlog and sales pipelines have greatly increased, but the company has also incurred significant costs as it puts in efforts to reach scale in

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ACWA Power wind and battery storage plant to power Middle

ACWA Power will deploy wind energy and battery storage to help power the Middle East and Africa region''s ''first battery gigafactory.'' 500MWh BESS project will be built in Uzbekistan''s Tashkent region, as reported by Energy-Storage.news in July. developer, development finance Large-scale energy storage reaching financial commitment

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Japan: First dedicated BESS investment fund launches

Regulations enabling energy storage to participate in wholesale energy trading through spot markets on the JEPX power exchange were put in place last year, offering a potential revenue opportunity for BESS and leading to the first BESS units to trade on JEPX to go into operation through solar PV developer Pacifico Energy mid-2023.

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Spain awards contracts to 1.9GWh energy storage in first PERTE

The launch of this first tender aimed to co-locate energy storage with other renewable sources, mainly solar PV, and aimed to fund at least 600MW of projects with a fund of €150 million (US$162 million) in capital expenditure for the projects.. Grants will cover 40-65% of the project cost depending on the size of the company applying, while nearly €160 million

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Latvia: first BESS opens ahead of Russia grid uncoupling

The 10MW/20MWh project''s opening event, attended by Latvia''s energy minister Kaspars Melnis. Image: Hoymiles Power Latvia. In news from Europe''s Baltic Sea region, Latvia''s first utility-scale battery storage project has been commissioned, while Fotowatio Renewable Ventures (FRV) has entered the Finland market.

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Europe''s largest transmission-connected BESS

Energy-Storage.news'' publisher Solar Media will host the 8th annual Energy Storage Summit EU in London, 22-23 February 2023. This year it is moving to a larger venue, bringing together Europe''s leading investors, policymakers, developers, utilities, energy buyers and service providers all in one place. Visit the official site for more info.

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Chile: Grenergy secures financing for ''world''s largest BESS''

Grenergy''s executive chairman, David Ruiz de Andrés, commented: "This operation demonstrates the banks'' confidence in the hybridisation of solar plants with storage, and in Grenergy''s business model, which continues to make progress in becoming a world leader in storage." Energy-Storage.news'' publisher Solar Media will host the 3rd

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Optimisation of energy storage assets in the US'' leading markets

During the September 2022 heat wave, batteries tended to offer a large portion of both their upward and downward capacity into the market. Batteries provided 2.4% of generation for the CAISO balancing area in hours-ending 17 to 21 from 31 August to 9

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India''s tenders mark beginning of an ''energy storage revolution''

The first grid-scale battery energy storage system (BESS) project in India, inaugurated in 2019. Image: Tata Power. India is on the "cusp of a potential energy storage revolution," thanks to recently launched tenders, according to authors of a new report.

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G7 nations set 1500GW global energy storage target for 2030

The 1500GW target is double what BloombergNEF has forecast is scheduled to be online based on current deployment pipelines, as reported by Energy-Storage.news this week. Energy-Storage.news'' publisher Solar Media will host the 1st Energy Storage Summit Australia, on 21-22 May 2024 in Sydney, NSW. Featuring a packed programme of panels

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Greece: Second round winners in BESS auction revealed

Research firm LCP Delta wrote a deep-dive into the dynamics which would play out in the second round for Energy-Storage.news in September. Energy-Storage.news'' publisher Solar Media will host the 9th annual Energy Storage Summit EU in London, 20-21 February 2024. This year it is moving to a larger venue, bringing together Europe''s leading

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Queensland invests in Australia''s first ''14-hour'' duration iron flow

The iron flow battery''s first deployment in Australia is underway through a partnership between ESI and Queensland government-owned energy company Stanwell Corporation. Large-scale energy storage reaching financial commitment increased 95% year-on-year in Australia in Q3 2024, reaching just under 4GWh. Energy-Storage.News is part of

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About Energy storage first financial news

About Energy storage first financial news

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