UK BESS project premiums, valuations down as revenue expectations drop
Company valuations and developer premiums for project sales have come down in the UK market amidst rising financing costs and plummeting revenues.
World’s energy storage capacity forecast to exceed a terawatt-hour by 2030
Cumulative energy storage installations will go beyond the terawatt-hour mark globally before 2030 excluding pumped hydro, with lithium-ion batteries providing most of that capacity, according to new forecasts.
‘First’ synchronous condenser-BESS hybrid project to be deployed in Ireland
Siemens Energy is set to deploy the “first” synchronous condenser and a battery energy storage system (BESS) with a capacity of 160MWh for a hybrid project in Ireland.
Innergex inaugurates 50MW, 5-hour BESS at Chile solar PV plant
Renewable energy developer and operator Innergex has inaugurated a 50MW/250MWh battery energy storage system (BESS) at a solar PV plant in Chile.
Chile: EDF, Engie, Sonnedix among 2GWh+ of projects submitting EIAs in September
Nine projects pairing solar or wind with energy storage submitted environmental impact assessments in Chile last month.
NHOA commissions 31MWh BESS in Peru
Energy storage and EV infrastructure solutions firm NHOA has commissioned a 31MWh battery energy storage system (BESS) in Peru for multinational utility and IPP Engie.
UK BESS industry resilient despite ‘dismay’ at government going back on net zero policies
UK prime minister’s decision to delay net zero policies is disappointing, but unlikely to deter its battery storage industry.
‘Sophisticated strategies’ required as battery storage revenues drop by 71%
Following the 71% decline in average profits for Britain’s battery storage market, a new report by LCP Delta has urged investors to consider more “sophisticated strategies” to increase revenue.
GridBeyond aggregates behind-the-meter energy storage to access dynamic services
GridBeyond has confirmed it will move forward with its strategy to bring distributed energy storage assets together as one resource to access to National Grid Electricity System Operator’s (ESO) suite of dynamic services.
Enel Green Power starts building solar-plus-storage with 67MW BESS in Chile
Enel Green Power Chile has started construction on a solar-plus-storage project with a 67MW battery energy storage system (BESS).
