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Three UK BESS assets secure ten-year voltage contracts
Trio of storage projects in England selected to provide voltage services through tender process. Increased low carbon energy generation and a drop in minimum demand on Great Britain’s grid is driving need to find new ways of managing reactive power, according to system operator.
Dec 12, 2024
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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.
Brazilian regulator Aneel opens new consultation on energy storage rules
Brazilian electricity regulator the Agência Nacional de Energia Elétrica (Aneel) has suggested energy storage sites not pay charges for both charging and discharging into the grid and that such facilities should benefit from revenue stacking.
Germany’s Enpal announces launch of virtual power plant
Enpal and Entrix's Flexa joint venture aims to create the basis for marketing thousands of photovoltaic home storage systems like a large battery – with very short-term transactions. Enpal says this will bring great benefits to participating households.
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All Revenue streams news
Banking on batteries in Chile
The Chilean solar market is booming but as curtailment grows, a hybrid approach to generation is gaining ground. Storage project announcements are coming thick and fast as co-location with wind turbines offers cost efficiency and a smoother generation profile. Meanwhile, new capacity mechanism rules could take Chile one step closer to runaway battery growth.
Battery storage for Germany’s energy transition: Unlocking untapped potential
Germany's energy transition is making significant progress: In the first half of 2024, the share of renewable energy in the electricity mix rose to 57 %. This new influx of renewable energy is pushing the power grid to its limits. Battery energy storage systems and an optimized redispatch procedure could play a key role in improving the integration of renewables and alleviating grid congestion. However, some hurdles still need to be overcome, according to Benedikt Deuchert of Kyon Energy.
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Atlas Renewable garners $289 million for battery energy storage in Chile
Financing for the battery energy storage system (BESS) del Desierto project in Chile involves agreements with BNP Paribas and Crédit Agricole CIB with a $219 million loan and US$70 million in other credit lines. The fresh capital should finance the construction of the 200 MW / 800 MWh system, located in the commune of María Elena, Antofagasta region.
BW ESS, Penso Power and Shell sign seven-year fixed-price deal for 330 MWh BESS asset in the UK
Long-duration tolling agreement will see Shell Energy Europe trade a 100 MW/330 MWh battery energy storage system (BESS) in Great Britain, scheduled for commissioning in late 2024. The fixed-price deal comes at a time of reduced revenues for batteries trading in Great Britain’s electricity wholesale markets.
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esVolta secures financing for 980 MWh Texas standalone battery storage portfolio
The Electric Reliability Council of Texas (ERCOT) grid has been a particularly fertile ground for standalone battery energy storage systems as they continue to earn significantly more than systems collocated with renewable energy plants.
Tackling merchant risk – A deep dive into Europe grid-scale energy storage contracted revenue
Current market conditions are propelling grid-scale project deployment in a more diversified European energy storage market. Anna Darmani, principal analyst – energy storage EMEA, at Wood Mackenzie, examines revenue streams in different parts of Europe and emerging routes to the market.
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 end of 2024 and grow by more than 600% by 2033, with nearly 1 TW of new capacity expected to come online.
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