JSW Renew Energy Five Ltd., a special purpose vehicle of JSW Energy, won the Solar Energy Corporation of India (SECI) auction to set up a 500MW/1000 MWh standalone BESS (battery energy storage system) project in India. The auction witnessed neck-to-neck e-reverse bidding which began on Thursday afternoon (Aug. 25) and continued past midnight (Aug. 26) […]
Energy Storage
Thermal energy storage companies strike deals across EMEA – EQ Mag Pro
The past week has seen thermal energy storage solution companies strike or execute on commercial deals across Norway, Greece, Israel and South Africa. Kyoto Group In Norway, Kyoto Group has signed a letter of intent (LOI) with corrugated cardboard manufacturer Glomma Papp to enter into a supply agreement for Kyoto’s thermal energy storage solution, the […]
DOE Report Provides Guidance On Energy Storage System Evaluations – EQ Mag Pro
A new report from the Department of Energy (DOE) provides guidance on how best to evaluate the potential of energy storage systems based on specific use-cases. The report, Energy Storage Valuation: A Review of Use Cases and Modeling Tools, draws from publicly available tools developed by the DOE and frames their functions and capabilities in […]
FlexGen Turns to Squire Patton Boggs for 100 MW Energy Storage Project Portfolio in Texas – EQ Mag Pro
A Squire Patton Boggs team advised FlexGen Power Systems, Inc. (“FlexGen”), a leading energy storage technology platform and solution provider, on FlexGen’s agreement to supply advanced energy storage systems and its HybridOS™ software for SMT Energy’s portfolio of ten energy storage projects in Texas. The 100MW of projects will improve the resilience of the ERCOT […]
Be the first to know when the Fundamentals of Battery Energy Storage handbook is published – EQ Mag Pro
What is The Fundamentals of Battery Energy Storage handbook? The South African Energy Storage Association has partnered with VUKA Group to develop and publish a battery energy storage guide called The Fundamentals of Battery Energy Storage. The handbook is an exploration of four main areas: 1) frequently asked questions, 2) technical matters, 3) regulatory matters, […]
We Have An Energy Storage Problem – EQ Mag Pro
Back in April, a company in which I’ve been interested in – Energy Vault NRGV, co-founded by Idealab’s Bill Gross – posted respectable quarterly earnings numbers after its first three months of operation as a public company. I had the opportunity to speak with another of Energy Vault’s co-founders and CEO, Robert Piconi, and was […]
Energy storage industry hails ‘transformational’ Inflation Reduction Act – EQ Mag Pro
US President Joe Biden signed the Inflation Reduction Act yesterday, bringing with it tax incentives and other measures widely expected to significantly boost prospects for energy storage deployment. “The Inflation Reduction Act invests US$369 billion to take the most aggressive action ever — ever, ever, ever — in confronting the climate crisis and strengthening our […]
Goldman says battery storage, hydrogen and other clean energy stocks are where investors should be – EQ Mag Pro
Energy reliability and security are top concerns after Russia’s invasion of Ukraine disrupted global energy flows, and Goldman Sachs believes companies exposed to these themes will outperform going forward. In other words, it’s not just about clean energy, it’s about clean, reliable energy. “We expect battery and hydrogen storage solutions to continue to receive greater […]
Estonia plans 225MW pumped hydro power storage facility to help disconnect from Russia – EQ Mag Pro
State-owned Estonian energy firm Eesti Energia is planning to build a 225MW pumped hydro power storage facility, as part of a larger press to come to be independent of Russian energy. The firm has begun accomplishing preliminary layout as well as environmental effect assessment for the works which could be completed by 2025-26. This means […]
INFLATION REDUCTION ACT: INITIAL TAKEAWAYS FOR GREEN TECHNOLOGY, TAXES, AND HEALTHCARE – EQ Mag Pro
The Inflation Reduction Act of 2022, passed by the US Senate on August 7, 2022, will dramatically affect a range of climate change, healthcare, prescription drug pricing, and tax matters. With an investment of more than $400 billion in spending, the act is expected to bring in more than $700 billion in revenue. Among its […]