The authors estimate that a third of the global coal fleet is already more costly to run than it is to build new renewable power solutions, including battery storage Paris: Renewable energy such as wind and solar projects are already cheaper to build than it is to continue operating 40 percent of the world’s existing […]
Battery storage to grow to 26 GW by 2030 from 3 GW in 2020
The use of batteries for energy storage is expected to grow faster than that of other flexible assets in the period to 2030 and beyond, consultancy Wood Mackenzie said in a research note. Battery storage will increase to 26 gigawatts (GW) by 2030 from 3 GW in 2020 across the five major European power markets, […]
ADB Finances First Wind Power and Battery Storage Project in Thailand
BANGKOK, THAILAND: The Asian Development Bank (ADB) has signed a THB235.55 million ($7.2 million equivalent) loan with Lomligor Company Limited (Lomligor), a subsidiary of BCPG Public Company Limited (BCPG), to finance a 10-megawatt (MW) wind power plant in southern Thailand. The project utilizes an integrated 1.88-megawatt-hour (MWh) pilot battery energy storage system to increase […]
Battery storage, smart grid, energy efficiency firms raise $252 mn in VC funding in Q1 2020: Report
For battery storage, total corporate funding including venture capital (VC), debt, and public market financing was $244 million in nine deals compared to $635 million in 10 deals in Q4 2019 New Delhi: Battery storage, smart grid, and energy efficiency companies raised $252 million in the first quarter (Q1) of 2020, a 20 per cent […]
India needs 50 GWh of battery storage within 2.5 yrs for planned EV transition: NITI Aayog official
EV batteries are not compatible for tropical climate, according to Sajid Mubashir, scientist, Department of Science and Technology, who was also speaking at the same event New Delhi: India will need 50 gigawatt hour (GWh) of battery storage capacity over the next two-and-a-half years to support the projected growth in renewable energy and meet the […]
BlackRock aims $2.5 billion at solar, wind, battery storage
The good news is that the world’s largest fund manager, BlackRock, just closed $1 billion of a record $2.5 billion fund dedicated to solar, wind, and energy storage projects. The bad news is that the $2.5 billion fund is a tiny fraction of BlackRock’s $6.96 trillion balance sheet and small change compared to BlackRock’s $17.5 […]
Sembcorp Energy UK Powers Up 60 MW of Ultra-fast Battery Storage
Solihull, UK : Sembcorp Energy UK is pleased to announce that the first 60 megawatts (MW) of its battery energy storage system (BESS) fleet are now in operation. Located in Asfordby in Leicestershire, and Ellesmere Port and Runcorn in Cheshire, the three battery storage sites recently came online following licensing approval and successful testing. These […]
GlidePath Acquires 149 MW Wind Portfolio in North Texas, Plans for Battery Storage Expansion
Deal Opens Opportunities for Wind + Storage Development in Southwest Power Pool AMARILLO, Texas : GlidePath Power Solutions (GlidePath), one of America’s leading independent energy storage developers, today announced its acquisition of a 149 MW portfolio of wind farms in North Texas. The transaction adds to GlidePath’s operating portfolio of U.S. wind, solar and storage […]
Dominion Energy Announces Battery Storage Pilot Projects
RICHMOND : Dominion Energy Virginia announced four battery storage pilot projects to help pave the way for additional energy storage technology needed to support the company’s increase in renewables and to improve grid reliability. The four utility-scale battery storage pilot projects totaling 16 megawatts are the largest projects of their kind in Virginia. The projects […]
Dominion Energy Announces Battery Storage Pilot Projects
Four pilots totaling 16 megawatts are largest projects of their kind in Virginia – Energy storage is key to grid reliability, continued solar and wind expansion – Grid Transformation & Security Act enables company to invest in 30 megawatts of battery storage RICHMOND : Dominion Energy Virginia announced four battery storage pilot projects to help […]