UK launches cap-and-floor scheme for long duration energy storage
The UK government has unveiled a cap-and-floor scheme to kick start investment in long-duration energy storage. The first round of applications is scheduled for 2025.
India allocates 1.2 GW of renewables-plus-storage at average of $0.051/kWh
SJVN has allocated 1.2 GW of renewables-plus-storage capacity in India at an average price of $0.051/kWh for firm, dispatchable renewable energy.
CIP building 1.1 GWh standalone battery storage project in Chile
Copenhagen Infrastructure Partners (CIP) has approved a final investment decision and started construction of the Arena battery energy storage system (BESS) project, with the aim of supplying energy from the first quarter of 2026.
Energy storage is a solved problem
There are thousands of extraordinarily good pumped hydro energy storage sites around the world with extraordinarily low capital cost. When coupled with batteries, the resulting hybrid system has large energy storage, low cost for both energy and power, and rapid response. Storage is a solved problem.
Photovoltaics, control strategies have little impact on optimal heat pump size in retrofit buildings
New research from Germany shows that the optimal size of residential heat pumps in retrofit buildings can be achieved without factoring in their potential connection to a PV system and related control strategies. An optimal sizing strategy, by contrast, should not neglect electricity price assumptions.
Giga Storage’s battery project in Belgium expands to 2.8 GWh
Netherlands-based Giga Storage is advancing its massive Green Turtle battery energy storage project in Belgium, having increased its capacity and assembled the construction team
Germany has solar LCOE ranging from €0.041/kWh to €0.144/kWh
A new report rom Fraunhofer ISE shows that the cost of PV systems in Germany is currently between €700/kW and €2,000/kW. The study also shows that the levelized cost of energy of solar-plus-storage spans from €0.06/kWh to €0.225/kWh.
‘Battery energy storage market in India is on the cusp of unprecedented growth’
The next five years will witness a transformative shift in India’s energy landscape, positioning the country as a global leader in energy storage innovation, says Saurabh Kumar, vice president-India, GEAPP (Global Energy Alliance for People and Planet), in an interview with pv magazine.
EU approves aid for 5.4 GWh storage rollout in Poland
The European Commission (EC) has authorized a €1.2 billion ($1.3 billion) Polish state aid scheme to support investment into electricity storage facilities.
Big-battery storage capacity could increase fivefold in Germany by 2026
Industry body the Bundesverband Solarwirtschaft (BSW-Solar) expects around 7 GWh of large-scale battery storage to be added during that period.
