Home Tag "Battery Energy Storage"

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 […]

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, […]

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 […]

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 […]

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 […]