Grenergy secures financing for two phases of world’s biggest battery project
Madrid-headquartered independent power producer (IPP) Grenergy has reached financial close on the first two phases of its Oasis de Atacama solar and battery energy storage hybrid project in Chile.
Enfinity Global secures $162.4 million for 250 MW solar portfolio in Japan
Enfinity Global has closed $162.4 million in financing for a 250 MW solar portfolio in Japan. The seven utility-scale projects are expected to produce 300 GWh of clean energy per year.
Bulgaria’s battery storage market gears up
Bulgaria has installed between 40 MWh and 50 MWh battery energy storage capacity to date. However, a new national legislation as well as funds provided through the European Union’s Recovery and Resilience Facility could see the country install another 1 GWh over the next two years.
Battery storage deployment in Canada kicks into gear
The deployment of battery energy storage systems (BESS) in Canada is picking up the pace, with the announcement of a 705 MWh battery storage system delivery to Nova Scotia by Canadian Solar’s e-Storage and various other projects in provinces across the country. However, this surge cannot come quickly enough says Energy Storage Canada.
India’s battery storage capacity hits 219.1 MWh
India’s installed battery storage capacity reached 219.1 MWh at the end of March 2024. A recent Mercom report predicts that the nation will add 1.6 GWh of standalone battery storage and 9.7 GW of renewable projects with storage by 2027.
Photovoltaics for cold climate data centers
A Japanese-Finnish research group has assessed the levelized cost of energy of solar power plants supplying electricity to data centers in cold climates and has found that PV electricity could be considerably cheaper than grid electricity, even if used with battery storage.
World’s first anode-free sodium solid-state battery
Researchers in the U.S. have created a new sodium battery architecture with stable cycling for several hundred cycles, which could serve as a future direction to enable low-cost, high-energy-density and fast-charging batteries.
Engie breaks ground on 800 MWh battery in Belgium
Once completed, the four-hour battery energy storage project will operate under a 15-year contract with Elia, Belgium’s electricity grid operator, and be located next to Engie’s gas power plant in Vilvoorde.
The Hydrogen Stream: Hydrogen power plants feasible but inefficient, says CATF
The Clean Air Task Force (CATF) says in a new report that dedicated clean hydrogen production and use is often a costly, inefficient decarbonization strategy for the power sector, while American Airlines says it has signed a deal with ZeroAvia for 100 hydrogen-electric engines.
Global energy storage fleet to surpass 1 TW/3 TWh by 2033, WoodMac says
According to the latest forecast from Wood Mackenzie, the global energy storage market (excluding pumped hydro) is on track to reach 159 GW/358 GWh by the of 2024 and grow by more than 600% by 2033, with nearly 1 TW of new capacity expected to come online.
