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UK regulator unveils first details of LDES cap-and-floor scheme
Ofgem sets out proposals for long-duration energy storage support scheme in letter to industry. Increased minimum capacity requirements and secured grid connection agreements floated as regulator acknowledges need to move quickly to meet government deployment targets.
Dec 19, 2024
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UK plans for 22 GW battery storage fleet by 2030
Clean Power 2030 plan unveiled by UK government includes key role for battery energy storage systems (BESS) in providing short-term flexibility. Support for long-duration energy storage (LDES) and changes to standing charges for behind the meter storage also proposed.
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.
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.
Japan to build virtual power plant using American energy storage technology
Canon Marketing Japan is using Lightergy's energy storage technology for its planned virtual power plant (VPP). Japan's electricity grid is highly dependent on imports, and the deal will create a channel for Canada to import products to Japan.
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FRV Australia´s first hybrid PV-Battery Storage project is operative
Fotowatio Renewable Ventures (FRV) Australia, a leading developer of sustainable energy solutions, and part of Jameel Energy and the Canadian infrastructure fund OMERS, has announced its first hybrid project in Dalby, a town in Queensland, Australia. This facility consists of a 2.45 MWdc solar photovoltaic (PV) and 2.54 MW/5MWh battery energy storage system (BESS).
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Czech group MTX, Aquila Capital build 370 MW wind, 360 MW solar, 350 MW BESS hybrid project in Spain
The investment in the Mimosa project, located near Baza, a town in the province of Granada in Andalusia, southern Spain, exceeds one billion euros. The consortium has invested five years in the project development, and its completion is slated for 2027.
Sosteneo, Enel finalize partnership for 1.7 GW battery storage rollout in Italy
The Generali Group company has signed an agreement to acquire a minority share of Enel Libra Flexsys, which aims to roll out 1.7 GW of battery energy storage projects in Italy. "Revenues are fully contracted for 15 years through capacity agreements with Enel as well as capacity payments from Enel that are backed by Terna, Italy’s transmission system operator,” Sosteneo says.
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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.
Eco Stor: Online calculator determines storage requirements for energy transition
The "dunkelflaute" is a kind of a bogeyman in the energy transtion narrative. Now, a new tool from German-Norwegian storage provider Eco Stor can be used to determine exactly which storage capacities and how many reserve power plants are needed for stable power system operation, even in periods with little photovoltaic and wind production.
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