Mumbai (Maharashtra) [India] : The technology group Wartsila and KPMG, a leading consultancy firm, recently unveiled a joint study on the current status of the ancillary services market in India along with recommendations. The study demonstrates that supply-side flexibility is needed at the pan India level for an efficient and cost-effective integration of 450 GW […]
Europe’s residential battery storage fleet to grow over 400% by 2025 – EQ Mag Pro
New 5-year SolarPower Europe Market Outlook The forecast for household solar continues to look bright for coming years, with European solar & storage set to grow over 400%, from 3 GWh installed storage capacity in 2020 to 12.8 GWh in 2025. SolarPower Europe has published its annual ‘European Market Outlook for Residential Battery Storage’ report, […]
Corporate funding into battery storage has exceeded US$11 billion so far this year – EQ Mag Pro
Companies in the battery storage sector attracted US$11.4 billion in corporate funding in the first nine months of 2021, a 363% rise on the same period of last year. Similarly, venture capital (VC) funding into the sector increased considerably: US$5.5 billion was raised from 59 deals, compared to just US$1.2 billion in 21 deals over […]
7.5 MW of battery storage for gold mine – EQ Mag Pro
System integrates hydroelectric power stations, 36 diesel generator sets Barrick Gold Corp. and Caterpillar dealer Tractafric have installed 7.5 MW of battery energy storage capacity for the company’s microgrid at the Kibali gold mine in the Democratic Republic of the Congo (DRC). Tractafric’s solution deploys the battery energy storage and Cat bi-directional power inverters (BDP) […]
TLT completes fourth battery storage sale for ILI Energy Storage PLC – EQ Mag Pro
TLT has completed the sale of a 50MW battery storage project in Kintore near Aberdeen to SUSI Storage Development UK on behalf of ILI Energy Storage PLC (ILI), the clean energy development company. The transaction is the fourth battery storage sale TLT has completed for ILI Group in the last year, and follows hot on […]
Rio Tinto to triple Weipa solar capacity and add battery storage to help power operations – EQ Mag Pro
MELBOURNE, Australia : Rio Tinto has approved a new solar farm and battery storage at Weipa in Queensland, in a move that will more than triple the local electricity network’s solar generation capacity and help provide cleaner power to Rio Tinto’s operations. Under the plans, EDL has been contracted to build, own and operate a […]
Govt eyes 14GWh battery storage system in Kutch – EQ Mag Pro
1GWh battery capacity can power 1 million homes for 1 hour The strategic push will make India’s grid-scale programme the largest in the world The Khavda unit in Kutch can generate 30GW clean energy NEW DELHI : India plans to set up around 14 gigawatt-hour (GWh) grid-scale battery storage system at the world’s largest renewable […]
Tesla’s Texas electricity retail operations to lean on battery storage experience
Tesla’s planned launch of a retail electricity offering to existing customers within the ERCOT service area in Texas will lean heavily on battery storage as well as solar for its expertise, assets and routes to market. Newly-created subsidiary Tesla Energy Ventures filed an application in mid-August with the Texas Public Utilities Commission (PUC), for certification […]
‘Battery Storage’ is the Next Big Disruption in India’s Climate Fight – EQ Mag Pro
Navdeep Gupta Sunil Dayal The 2015 Paris agreement was a landmark agreement to combat climate change and to accelerate and intensify the actions and investments needed for a sustainable low carbon future. To reach these ambitious goals, appropriate mobilization and provision of financial resources, a new […]
Tesla Plotting Battery-Storage Entry into Japan’s Power Market
Tesla Inc. is plotting an entry into Japan’s energy sector with plans to provide power companies with large storage batteries and energy management systems that will support the country’s shift to renewable energy, the Nikkei newspaper reported without attribution. Tesla will start by delivering batteries for an energy storage project in Japan’s northern island of […]