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Arbitrage is the top use case for batteries by U.S. utilities, report finds
Arbitrage is the top use case for 10,487 MW of battery energy storage capacity in the US, making it the most reported primary use. This data was presented by the U.S. Energy Administration Association (EIA) and covers 2023.
Jun 28, 2024
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In Conversation: ‘Good time to be battery storage developer’
At Intersolar Europe 2024, ESS News spoke with George Hilton, research and analysis manager at S&P Global, about the state of play in the battery energy storage supply chain and falling prices. According to Hilton, the overcapacity at every level of the supply chain has led to prices that are no longer sustainable for many market players. Meanwhile, technological innovation has led to an unprecedented variety of battery storage technologies on offer, and for a great number of markets the right time to jump in is now.
Arizona’s largest energy storage project closes $513 million in financing
In the USA, the 1,200 MWh Papago Storage project will dispatch enough power to serve 244,000 homes for four hours a day with the e-Storage SolBank high-cycle lithium-ferro-phosphate battery energy storage solution. Recurrent Energy, a subsidiary of Canadian Solar Inc. has secured $513 million in project financing for its Papago Storage project located in Maricopa County, Arizona.
Australian vehicle-to-grid trial gets $3.2 million boost
Amber Electric has received a $3.2 million (USD 2.3 million) grant from the Australian Renewable Energy Agency (ARENA) toward their $7.7 million electric vehicle (EV) smart charging and bi-directional vehicle-to-grid (V2G) software solution trial. One thousand customers across Australia will participate in the trial over the next two years with the V2G scope expected to begin in mid-2025.
BESS, deep learning simulations: decrease in wholesale price variability
Donato Leo is the author of a study on the relationship between photovoltaics, batteries and wholesale energy prices in Italy. Leo's deep learning simulations suggest changes in energy prices as installed battery capacity increases.
Enpal, Entrix announce Europe’s largest virtual power plant
Under their joint venture Flexa, the two companies want to combine PV systems, home batteries and other decentralized energy resources into a network with a total output of several gigawatts, which will integrate an AI-powered electricity trading platform.
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In Conversation: ‘Good time to be battery storage developer’
At Intersolar Europe 2024, ESS News spoke with George Hilton, research and analysis manager at S&P Global, about the state of play in the battery energy storage supply chain and falling prices. According to Hilton, the overcapacity at every level of the supply chain has led to prices that are no longer sustainable for many market players. Meanwhile, technological innovation has led to an unprecedented variety of battery storage technologies on offer, and for a great number of markets the right time to jump in is now.
Arizona’s largest energy storage project closes $513 million in financing
In the USA, the 1,200 MWh Papago Storage project will dispatch enough power to serve 244,000 homes for four hours a day with the e-Storage SolBank high-cycle lithium-ferro-phosphate battery energy storage solution. Recurrent Energy, a subsidiary of Canadian Solar Inc. has secured $513 million in project financing for its Papago Storage project located in Maricopa County, Arizona.
Advertisement
Australian vehicle-to-grid trial gets $3.2 million boost
Amber Electric has received a $3.2 million (USD 2.3 million) grant from the Australian Renewable Energy Agency (ARENA) toward their $7.7 million electric vehicle (EV) smart charging and bi-directional vehicle-to-grid (V2G) software solution trial. One thousand customers across Australia will participate in the trial over the next two years with the V2G scope expected to begin in mid-2025.
BESS, deep learning simulations: decrease in wholesale price variability
Donato Leo is the author of a study on the relationship between photovoltaics, batteries and wholesale energy prices in Italy. Leo's deep learning simulations suggest changes in energy prices as installed battery capacity increases.
Advertisement
Enpal, Entrix announce Europe’s largest virtual power plant
Under their joint venture Flexa, the two companies want to combine PV systems, home batteries and other decentralized energy resources into a network with a total output of several gigawatts, which will integrate an AI-powered electricity trading platform.
Cornwall backs new FCAS markets to deliver big profits for batteries
“Substantial” profits available in the recently introduced Very Fast Frequency Control Ancillary Services markets will lead to a surge in battery involvement according to new data provided by energy market consultancy and research group Cornwall Insight Australia.