Battery energy storage projects totalling 627.4 MW have secured contracts in the UK’s 2023-24 Capacity Market auction, representing an increase of more than 60% compared to the previous round, the National Grid Electricity System Operator (NGESO) announced last week. The T-1 Auction was concluded on February 14 with the goal to ensure that the country […]
Opportunity for battery storage ‘as big as it has ever been’ in Europe – EQ Mag
Healthy arbitrage opportunities to continue 44.6 GW European storage forecast by 2030 Purchasing power challenge versus EVs Battery storage players in Europe are experiencing both the best of times and the worst of times. The ongoing volatility in the European power market makes the case for grid-scale batteries like never before, but persistent supply constraints […]
Govt to Invite Bids For Battery Storage, Green Hydrogen, Ammonia Projects: RK Singh – EQ Mag Pro
The next round of bids will be under the PLI scheme for grid level, says Minister The government will invite bids for battery storage projects from players looking to invest in the renewable energy sector, Union Minister RK Singh said on Wednesday. Bids will also be invited for green hydrogen and green ammonia projects, the […]
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 […]
India’s battery storage potential to be 600 GWh by 2030: Niti report – EQ Mag Pro
India will have a battery storage potential of 600 gigawatt hour (GWh) by 2030, and demand for electric vehicles, stationary storage and consumer electronics will mainly drive adoption of battery storage, a Niti Aayog report said. The report further said a coherent regulatory framework incentivizing all stakeholders to participate in the recycling process will help […]
Sembcorp to build 200MW battery storage at Singapore’s industrial hub Jurong Island – EQ Mag Pro
Singapore-based energy and urban development group Sembcorp is building 200MWh of battery storage systems on Jurong Island, home to much of the country’s industrial activity. Jurong Island was formed through land reclamation efforts that began in the late 1960s and culminated in its establishment as one of the world’s top 10 chemicals production hubs and […]
Enphase Energy Expands Battery Storage in Puerto Rico – EQ Mag Pro
FREMONT, Calif. : Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems, announced today that installers of Enphase® products in Puerto Rico have seen growing deployments of Enphase Energy Systems powered by IQ® Microinverters and IQ™ Batteries, with the grid experiencing frequent outages […]
Tata Power-DDL is also looking for opportunities in the battery storage and hybrid spaces in its renewable push – EQ Mag Pro
The company is also looking for opportunities in the battery storage and hybrid spaces in its renewable push, Ganesh Srinivasan, CEO, Tata Power-DDL said.
First CO2 long duration battery storage launched in Sardinia – EQ Mag Pro
Italian long-duration storage developer Energy Dome has launched the first CO2 battery demonstration nationally. The facility in Sardinia, Italy is aimed to mark the final de-risking of CO2 battery technology as a long-duration storage option as the company takes it to the commercial scaling phase. Energy Dome says in a statement that the initial phase […]
SolarEdge Opens 2GWh New Battery Cell Facility in South Korea to Meet Growing Demand for Battery Storage – EQ Mag Pro
MILPITAS, Calif. and Pangyo, Korea : SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy technology, and SolarEdge’s subsidiary, Kokam Limited Company, a provider of lithium-ion batteries and integrated energy storage solutions, announced today the opening of “Sella 2”, a two gigawatt-hour (GWh) battery cell manufacturing facility. Located in the Eumseong Innovation […]
