Subsidy-free projects, corporate deals, competitive tenders and green-minded politicians. Europe’s rebounding solar market has it all. Europe’s long solar winter has come to an end. After a multi-year period of depressed installations, Europe’s annual solar market is set to double over the next few years, and do so in a sustained manner, according to new […]
Batteries Benefit From Ontario’s Bizarre Energy Market
Energy storage developers like Enel X, Convergent and Stem are active in the Canadian province’s politically charged energy market. Batteries are benefiting from a bizarre market setup in Ontario that has politicians canceling energy-saving programs while at the same time pledging to cut bills. The Canadian province is fighting to reduce the financial burden imposed […]
Batteries Benefit From Ontario’s Bizarre Energy Market
Energy storage developers like Enel X, Convergent and Stem are active in the Canadian province’s politically charged energy market. Batteries are benefiting from a bizarre market setup in Ontario that has politicians canceling energy-saving programs while at the same time pledging to cut bills. The Canadian province is fighting to reduce the financial burden imposed […]
German storage system proves batteries ‘profitable without subsidy’
Three companies have inaugurated a 22MW battery energy storage system at Cremzow, in the German state of Brandenburg, in order to provide frequency regulation services to the country’s Primary Control Reserve (PCR) market. German wind developer Enertrag, Switzerland-based energy storage solutions company Leclanché and Enel Green Power (EGP) Germany, a subsidiary of Italian power giant […]
Enel team fires German battery
Enel Green Power Germany, Enertrag and Leclanche have inaugurated the 22MW Cremzow energy storage system in the German state of Brandenburg. The €17m battery project in Cremzow will support the stability of the German grid by providing frequency regulation services to the country’s primary control reserve, Enel said. “When the grid’s frequency decreases due to […]
Enel Green Power, Enertrag, Leclanché inaugurate 22 MW Cremzow battery energy storage system in Germany
The construction of the battery energy storage system (BESS) involved an investment of approx. 17 million euros and it is contributing to German network’s stability providing frequency regulation services to the country’s Primary Control Reserve market. Enel’s subsidiary Enel Green Power Germany (EGP Germany), the German renewable energy company ENERTRAG and the Switzerland-based energy storage […]
Vehicle-Grid Integration Unlocks TheTrue Potential Of Electric Vehicles And Renewables
The clean energy revolution is bringing new sources of generation onto grids around the world, which is fundamentally shifting the way grids operate. However, the intermittent nature of solar and wind generation require flexible grid technologies like demand response and energy storage at a scale. As grid operators and new energy companies innovate in the […]
GE Sells 650MW of Renewable Energy Assets to Enel, Despite Plans to Grow Renewables Arm
GE’s joint venture projects don’t appear to be part of its renewable energy growth plan. General Electric has sold 650 megawatts of joint venture-owned renewable energy projects, less than two months after trumpeting an expansion of its renewables arm. The sale involved seven projects belonging to Enel Green Power North America Renewable Energy Partners (EGPNA […]
Enel’s Clean Energy Strategy Pays Off With Increase in Earnings
The earnings growth validates a strategic plan Enel laid out last November. The Italian energy giant Enel has seen a growing clean energy focus pay off with a 3.8 percent increase in core earnings in 2018. The rise, which saw earnings before interest, tax, depreciation and amortization (EBITDA) hitting €16.2 billion ($18.3 billion), was mainly […]
