Gore Street Energy Storage Fund PLC on Friday said it has agreed to buy Big Rock, an energy storage project located in Imperial County, California. Gore Street Energy is a London-based investment company focused on energy storage. Gore Street will buy the 200 megawatt / 400 megawatt hour energy storage project from Avantus LLC. The […]
Investing in energy storage delivers multiple benefits for businesses – EQ Mag
THE volatile international energy markets of the last 12 months have shown us in the UK that the only way to avoid reliance on such markets is through continued build out of renewables infrastructure, linked to an increasing amount of energy storage. Energy storage is a rapidly growing sector, but it’s not just for utility […]
At the G20, India is pressing the issue of energy storage – EQ Mag
At the G20, India is pressing the issue of energy storage India hosted its first Energy Transition Working Group (ETWG ) meeting from February 5th to 7th, 2023. The meeting took place at the IT Hub of India, Bengaluru. Union Minister of Power and New & Renewable Energy R K Singh addressed the meeting and […]
Technologies Offer Increasing Array of Long Duration Energy Storage Options – EQ Mag
While lithium-ion technology has been king of the hill when it comes to energy storage options for utilities, this year could prove to be a key inflection point for the emergence of alternative energy storage technologies in the U.S. if recent developments are any indication. For several years, lithium-ion batteries have dominated the energy storage […]
SMS brings online 90 MW of energy storage in UK – EQ Mag
Smart energy infrastructure group, SMS plc, has begun operating two new grid scale battery energy storage systems (BESS) that add a combined 90 MW of storage capacity to the UK’s electricity transmission network. A 50 MW project located at Brook Farm, near Ipswich, and a 40 MW site in Stairfoot, Barnsley, UK, are now fully […]
5 reasons why thermal storage may finally be set to take off – EQ Mag
As the push to decarbonize buildings gains momentum, the simple concept of using ice to reduce AC use is becoming more appealing. You don’t need a battery to store energy. A class of technologies known as thermal storage can do the job too, and it even has some potential advantages over lithium-ion batteries. The long-overlooked […]
Energy storage business is going to be phenomenal, we are excited about it: JSW Energy’s Jain – EQ Mag
We are working to have a capacity of 1,000-2,000 MW of hydroelectric power in various states in due course. In an interaction with Moneycontrol, JSW Energy’s CEO and joint managing director Prashant Jain spoke of the company’s earnings for the December quarter, apart from throwing some light on the company’s plans to scale up its […]
Budget 2023: Power sector proposes push for clean energy storage, transmission – EQ Mag
Not only has the power ministry been pushing for the proposed green corridor between Ladakh and Haryana to be included in the upcoming Budget, it has also proposed a provision for viability gap funding (VGF) for battery energy storage systems (BESS). If the focus of the Union Budget last year vis-à-vis the power sector was […]
Why Hydro Energy Storage Is Needed Despite Its Shortcomings – EQ Mag
Pumped hydro energy storage is a controversial issue, with its supporters believing it can help decarbonize the global economy and its detractors claiming dams destroy the environment. In order to reach a net-zero energy future, a whopping 6TWh of energy storage will be required and pumped hydro energy storage is likely to be a central […]
United States: Understanding Energy Storage – EQ Mag
One of the US Department of Commerce’s (Commerce) signature contributions to Power Africa has been the Understanding handbook series developed by its Office of the General Counsel’s Commercial Law Development Program (CLDP). This open-source and plain-language knowledge library now includes six handbooks explaining a range of essential topics in power project contracts, financing and procurement. […]