Renewable energy power producer Scatec has started building three co-located solar projects with 1.1GWh of energy storage in South Africa, after achieving financial close. Once operational the projects will have a total solar PV power of 540MW and battery storage capacity of 225MW/1,140MWh. The project has been designed to reduce the size of the grid […]
Energy storage orders recover in Q2 for Wärtsilä as sector hit by ‘investment uncertainty’ – EQ Mag Pro
After falling by more than two-thirds in quarter one 2022, energy storage order intake increased 19% in quarter two for marine and energy solutions company Wärtsilä. The Finland-based company said that the global inflationary environment has resulted in higher quotation prices, slower customer decision-making, and considerable uncertainty in the investment environment for energy storage during […]
Smarten power systems: Energy storage space gets a green boost – EQ Mag Pro
The Gurugram-based startup has emerged as one of the top players in power backup products market, employing an alternative technology In recent years, the energy sector has seen a significant transformation. Climate change and the depletion of natural resources have stressed the necessity of moving from non-renewable to renewable energy sources. As the world becomes […]
New York grid operator says wholesale market will drive investment in energy storage – EQ Mag Pro
There could be nearly 13GW of energy storage on the grid in New York by the middle of this Century, providing an “exceptional tool” to help balance renewable energy generation, the CEO of the state’s network operator has said. The New York Independent System Operator (NYISO) earlier this month issued its annual Power Trends report, […]
Europe needs 14GW/year of energy storage – EASE – EQ Mag Pro
The European Association for Storage of Energy (EASE) assesses Europe’s storage needs around 200GW by 2030 and 600GW by 2050. With the current installed storage capacity at approximately 60MW and a historic deployment level of 1GW/year, a massive ramp-up in uptake of at least 14 GW/year is required to meet the targets, according to EASE. […]
Recurrent Energy Expands Ercot Storage Pipeline with Acquisition Of 400 MWh Of Standalone Storage Projects Under Development – EQ Mag Pro
Two standalone energy storage projects were acquired from Black Mountain Energy Storage GUELPH, ON. : Recurrent Energy, LLC (“Recurrent”), a wholly owned subsidiary of Canadian Solar Inc. (“Canadian Solar”) (NASDAQ: CSIQ), today announced the acquisition of two standalone energy storage projects from Black Mountain Energy Storage (BMES). The projects, which are in the South Load […]
Industry turns to energy storage – EQ Mag Pro
Energy storage in the past? Just have the accountants pay the electric bill on time. Energy storage now? Let’s look “behind the meter” and adopt a combination of suitable options to save power and revenue, improve sustainability and gain other benefits. Several trends are driving industrial energy consumers to refocus on energy storage and reexamine […]
Trafigura Group Pte Ltd invests in long duration energy storage innovator Malta Inc. – EQ Mag Pro
Cambridge, Massachusetts and Geneva : Trafigura Group Pte Ltd. (“Trafigura” or the “Company”), a market leader in the global commodities industry, has invested in Malta Inc., a leading innovator of grid-scale, long-duration energy storage. Malta’s new technology collects and stores energy from any power generation source in any location, enabling reliable and predictable operation of […]
EQ Webinar on Energy Storage : Enabling Large-Scale Despatchable Renewable Energy 30th June 2022 (Thursday) 4:00 PM Onwards….Register Now!
Warm Greetings from EQ We are happy to present Webinar on Energy Storage : Enabling Large-Scale Despatchable Renewable Energy When : 30th June 2022 (Thursday) From 4:00 PM to 6:00 PM IST Register in advance for this meeting: <Click Here To Register> After registering, you will receive a confirmation email containing information about joining the […]
Power storage market to see rapid expansion on favourable factors: Fitch – EQ Mag Pro
Investments in power storage will be crucial to stabilise increasing power generation Power storage demand in India is expected to expand rapidly to stabilise the increasing variability on the power supply side – from rising renewable generation – and the demand side, says a report by Fitch Ratings. Increasing power generation from renewable energy, which […]