Home Tag "Battery Energy Storage"

Battery energy storage set to make Oman debut

Battery energy storage is set to make its debut on a significant scale in the Sultanate as part of the planned development of a series of small-scale solar PV – diesel hybrid projects across Oman. The Rural Areas Electricity Company (Tanweer), a subsidiary of The Electricity Holding Company (Nama Group), is planning to shortly invite […]

Net-metering gaining favour throughout Middle East and Africa

South Africa Prepares for a Battery Energy Storage System Tender

In a project that the World Bank hopes will be a catalyst for implementing its climate change strategy in low and middle-income countries, Eskom, South Africa’s 100% state-owned electricity utility, will launch a tender for a 1.4 gigawatt-hours battery energy storage system (“BESS”). The tender will likely be issued in the first or second quarter […]

Net-metering gaining favour throughout Middle East and Africa

Sungrow adds to +700 ESS system deliveries with 30MW Germany project

Sungrow, best known as a maker of solar inverters, has been awarded a contract to supply complete energy storage systems (ESS) to a 30MW / 30MWh project in Germany, split across three sites. The company is by various metrics a market leader in the global supply of solar inverters for larger-scale applications. In a recent […]

Assessing the value of battery energy storage in future power grids

ScottishPower’s rush for batteries in bid to make Glasgow the UK’s first net zero city

ScottishPower has revealed intentions to make Glasgow the UK’s first ‘net zero’ city, in collaboration with Glasgow City Council. And the utility is also preparing a battery storage rush in a bid to support its renewable energy ambitions. To achieve net zero emissions, the city will need to decarbonise heat and transport, as well as […]

Assessing the value of battery energy storage in future power grids

IEEFA: Solar-plus-storage undermines coal economics by ‘hundreds of millions’ of dollars

Tumbling solar-plus-storage costs could see the hybrid technology become a money saver for US firms grappling with expensive legacy coal portfolios, according to the Institute for Energy Economics and Financial Analysis (IEEFA). Utilities shutting down coal units ahead of their end-of-life point and replacing them with renewables, stand to reap savings in the “hundreds of […]

Assessing the value of battery energy storage in future power grids

Denmark’s Ørsted buys US solar-plus-storage specialist

Ørsted has expanded its footprint in the solar-plus-storage space via the acquisition of a US developer. The firm, Denmark’s self-styled largest energy group, used a recent Q1 2019 update to reveal an agreement to buy a subsidiary of US-based Coronal Energy. The statement did not name the subsidiary in question but contacted by sister title […]

Assessing the value of battery energy storage in future power grids

Global battery energy storage market to grow by 7% to reach $13.13bn by 2023, says GlobalData

The global battery energy storage market is forecast to grow to $13.13bn by 2023. Asia-Pacific (APAC) and EMEA will be the dominant markets for battery energy storage systems over the forecast period 2019-2023, according to GlobalData, a leading data and analytics company. The company’s latest report ‘Battery Energy Storage Market, Update 2019 – Global Market Size, […]

Assessing the value of battery energy storage in future power grids

NEC ‘beating cheaper competitors’ to China projects

NEC has now executed five grid-scale battery energy storage projects in China and been awarded another, winning deals in spite of what a company representative described as “aggressive” price competition from domestic vendors. The Massachusetts-headquartered distributed energy division of the Japanese NEC Corporation, NEC Energy Solutions, has commissioned two 9MW projects in Ordos City, Inner […]

Assessing the value of battery energy storage in future power grids

Tonga Power Ltd signs purchase agreement with Sunergise to built solar plant

ADB is supporting this transition to a cleaner and more sustainable energy mix through a $12.2 million grant to the Tonga Renewable Energy Project. The largest solar plant in the south Pacific will be built in Tonga through the country’s second commercially financed public-private partnership (PPP) after an agreement was signed in Nuku’alofa today. Tonga […]

Sweden: Vasakronan signs a SEK 2 billion green energy loan agreement with the EIB

Spanish climate plan mandates 6GW-by-2030 boost for energy storage

Upcoming snap elections in Spain will decide whether newly-proposed measures including a nation-wide 6GW boost to energy storage become a reality. Draft climate change legislation green-lighted by Spanish ministers last Friday mandates a 3.5GW increase in pumped storage capacity by 2030. This, according to the legislative package tabled by Pedro Sánchez’s socialist government, would be […]

Assessing the value of battery energy storage in future power grids

Open chat