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 […]
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 […]
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 […]
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 […]
Storage, smart energy touted as post-Brexit stability drivers
A domestic energy storage and smart-energy agenda could help the UK offset volatile energy prices if interconnections suffer under a no-deal scenario, experts have said. “Any potential uncertainty around interconnectors will increase the UK’s need to move, regardless of Brexit, to a smart energy system and energy storage,” Tanisha Beebee, senior policy advisor at the […]