Tumbling solar-plus-storage costs could see the hybrid technology become a money saver for US firms grappling with expensive legacy coal portfolios, according to the Institute for Energy Economics and Financial Analysis (IEEFA). Utilities shutting down coal units ahead of their end-of-life point and replacing them with renewables, stand to reap savings in the “hundreds of […]
Denmark’s Ørsted buys US solar-plus-storage specialist
Ørsted has expanded its footprint in the solar-plus-storage space via the acquisition of a US developer. The firm, Denmark’s self-styled largest energy group, used a recent Q1 2019 update to reveal an agreement to buy a subsidiary of US-based Coronal Energy. The statement did not name the subsidiary in question but contacted by sister title […]
Gas goes out again as top US utility SCE picks energy storage instead
Southern California Edison, one of the US’ top-ranking utilities for energy storage capacity already deployed, has signed contracts for seven more clean energy projects, totalling 195MW in its California service area. The company has announced contracts for six energy storage facilities and one demand response contract. In April 2018, Smart Electric Power Alliance statistics showed that […]
Exide’s Portuguese lead acid battery factory to be powered by its own PV-plus-storage
Portugal’s EDP has inked a deal for its largest PV project to date, a 3.8MWp solar-plus-storage duo it will develop for lead acid battery and storage system maker Exide Technologies. The agreement signed this week will see EDP deploy and run two PV installations powering Exide’s industrial units in Castanheira do Ribatejo and Azambuja, some […]
New DoE framework puts energy storage at heart of Philippines’ energy reforms
Questions around who should own, operate and ultimately benefit from the deployment of energy storage systems could soon be resolved in the Philippines after the government Department of Energy (DoE) issued a set of draft guidelines. In order to accommodate energy storage as an enabler for the modernisation of its electricity networks, the Philippines’ Department […]
Constant Energy eyes storage in 50MW Thailand C&I solar deal
Thailand-based clean energy developer and investor Constant Energy has signed a Memorandum of Understanding with one of Thailand’s largest companies, Siam Cement Group (SCG Cement), to deploy 50MW of C&I solar PV plants, with the company chief planning for an energy storage component on many of the projects. Franck Constant, CEO of Constant Energy, told […]
Report: Levelized Cost of Energy for Lithium-Ion Batteries Is Plummeting
Bloomberg New Energy Finance finds the long-term costs of multi-hour energy storage can compete with natural gas and coal in an increasing number of markets today. The long-term cost of supplying grid electricity from today’s lithium-ion batteries is falling even faster than expected, making them an increasingly cost-competitive alternative to natural-gas-fired power plants across a […]
Indian solar tendering rolls on with another major co-located storage issuance
India has continued to fling out solar tenders with 1.2GW in Madhya Pradesh, 275MW in Uttar Pradesh, and a significant solar-plus-storage tender in Andhra Pradesh. Solar Energy Corporation of India (SECI) invited bids for 1.2GW of Interstate Transmission System (ISTS)-connected solar projects in the central state of Madhya Pradesh, a state with excellent solar resources, […]
Five things we learned from Energy Storage Summit 2019
Last week’s Energy Storage Summit 2019 saw the great and the good of Europe’s energy storage sector gather at London’s Victoria Plaza for two days of discussion, debate and networking. The Energy-Storage.News, Solar Power Portal and Current± editorial teams were present throughout the event, highlighting give key themes that emerged at a crucial time for the storage sector. Deepening […]
Overcoming uncertainty: UK energy storage market trends
The fourth annual UK Energy Storage Summit gathered industry professionals in the heart of London last week. The two-day event saw a wide range of topics discussed, debated, and disagreed upon, from regulatory issues to the Capacity Market to the rising demand for flexibility. In a Q&A with Energy-Storage.news, Solar Media Market Research analyst Lauren Cook […]