Stationary storage installations surge to 170 GWh in 2024
With expanding market opportunities and declining costs, stationary battery energy storage installations are surging. Battery makers are awake to the opportunity, says BloombergNEF, as stationary batteries account for an increasing amount of deployed capacity.
Australia’s batteries surf revenue wave on back of volatile power prices
Investments in battery storage within Australia’s National Electricity Market (NEM) are increasingly profitable due to higher power price volatility and changing market dynamics, according to the latest report by Wood Mackenzie. Going forward, four-hour storage systems are projected to have fastest return on investment.
Suriname starts building hybrid solar microgrids to power 25 villages
PowerChina is building three hybrid solar microgrids in Suriname, combining solar panels, energy storage, and diesel backup to power 25 remote villages across the country.
BNEF: Lithium-ion battery pack prices drop to record low of $115/kWh
Battery prices continue to tumble on the back of lower metal costs and increased scale, squeezing margins for manufacturers. Further price declines are expected over the next decade.
Guyana inaugurates grid-forming 0.65 MW solar plant
Guyana has unveiled a new 0.65 MW grid-forming solar project, paired with a 1,500 kWh battery energy storage system (BESS) and a 13.8 kV transmission line.
Panasonic powers UK factory with solar-driven hydrogen fuel cell generators
Panasonic has launched a solar-powered hydrogen fuel cell project at its factory in Cardiff, Wales, with the microwave assembly now operating on renewable energy.
‘Brazilian solar arrays will include energy storage by 2027’
Batteries will form part of the consumer picture within two to three years, according to Júlio Bortolini, from Brazilian conglomerate Soprano.
British Columbia offers funding for First Nations renewables
The Canadian province of British Columbia has allocated CAD 7.7 million ($5.5 million) to projects in seven communities, including a 3.8 MW solar farm, energy storage, and a pre-feasibility study on hydrogen production.
German researchers investigate molecular solar thermal energy storage
A four-year research project by several German universities is exploring the release of molecules involved in molecular solar thermal (MOST) energy storage. They plan to modify the molecules to achieve the best possible properties for the storage technology.
The Outback communities embracing solar
Supporting First Nations people to effectively engage in and benefit from the energy transition is a timely priority for Australia’s emerging Net Zero Economy Authority, which is tasked with facilitating investments nationwide. pv magazine Australia’s Ev Foley finds the road to clean energy for remote communities can be long and hard, but possible. In the Pilbara, a First Nations group is blazing a trail as a developer of a 3 GW renewables pipeline.
