Eskom and Hyosung Heavy Industries, one of the appointed service providers for the Eskom Battery Energy Storage System (BESS) project, yesterday marked the beginning of construction of the first energy storage facility under Eskom’s flagship BESS project. The sod-turning ceremony was held at the Elandskop BESS site, located within Msunduzi and Impendle Local Municipalities in […]
Energy Storage
Huge Energy plans liquid air energy storage facility in Poland – EQ Mag
Huge Energy Ltd, a London-registered developer of liquid air energy storage (LAES) technology, on Monday unveiled an intention to build the first LAES plant in Poland. The company said it has signed a letter of intent and agreement for the implementation of a LAES system with Polish company Promet Plast SC, which has interests in […]
Guyana launches 34MWh tender for battery energy storage alongside solar PV – EQ Mag
Guyana Power and Light (GPL) has launched bidding for an EPC contract to develop utility-scale solar capacity and associated battery energy storage. The process is for eight photovoltaic plants and storage systems totaling 33MWp and 34MWh, respectively, in three lots: Berbice, Linden and Essequibo. A pre-bid meeting and site visit will be held on January […]
Report projects strong growth in residential storage in Europe in the coming five years – EQ Mag
Residential battery storage capacity in Europe is set to reach 9.3GWh by the end of this year, according to SolarPower Europe. That is in the solar PV industry trade body’s Medium Scenario, which estimates the continent will reach 39.9GWh of residential storage by 2026. In its pessimistic and High Scenarios it could reach 23GWh or […]
Energy Storage Technology – EQ Mag
The Government agrees that in the initial phase of adoption of energy storage technologies, market mechanisms and innovative economic models will be required for development and deployment of energy storage technologies which would be most beneficial to the country in the long-term. The following initiatives have been taken to promote growth of energy storage technologies: […]
KBR to design offshore energy storage for CrossWind – EQ Mag
KBR and Shell to develop facilities that integrate lithium-ion battery storage and green hydrogen electrolysis production at MW scale, Cutting Edge Offshore Energy Storage for CrossWind. KBR (NYSE: KBR) announced it has been awarded a contract to provide engineering services for an innovative offshore energy storage project for CrossWind, a joint venture (JV) between Shell […]
Private equity’s energy-storage bets begin to pay off – EQ Mag
Energy storage, once a sliver of the renewable-power generation sector, is becoming an asset class of its own, and some early private-equity backers of battery-project developers are beginning to reap the benefits. EnCap Investments, a Houston-based private-equity firm that focused exclusively on the oil-and-gas industry before putting money into energy storage in 2019, has exited […]
Batteries From Wood: A Renewable Energy Storage Solution – EQ Mag
Companies worldwide are working on a sustainable power storage solution using renewable biowaste called lignin to make wood batteries. One of the largest private forest owners in the world, Stora Enso, recently built a production facility worth €10 million to create bio-based carbon by turning trees into batteries. Producing these wood batteries is possible by […]
Swiss ‘water battery’ boosts Europe’s energy storage plans – EQ Mag
A Swiss company has built what is being called a giant water battery deep under the Alps that provides an energy storage capacity equivalent to 400,000 electric car batteries. It could be a game changer. A 2-billion-Swiss franc (€2.05 billion/$2.10 billion) project could help stabilize Europe’s increasingly expensive electricity as it shifts to renewable energy. […]
ERC to review ‘market share limit’ of storage system – EQ Mag
The Energy Regulatory Commission (ERC) will review the market share limitation of battery energy storage system (BESS) given its current classification as a “generation” capacity based on the prevailing policy by the Department of Energy. ERC Chairperson Monalisa C. Dimalanta said “that’s being studied now by ERC and the DOE because current DOE classification for […]