Energy storage could garner a market share of one-third by 2025 for the new, pan-European automatic frequency restoration reserve (aFRR) market, which is set to launch in the middle of this year with France and Germany mutualising capacity first.
Trade body Flow Batteries Europe (FBE) has written to EU legislators imploring them to include its members products in the scope of upcoming Battery Passport regulations.
Greenbacker Renewable Energy Company and Blackstone-owned Aypa Power have acquired pre-operational battery energy storage system (BESS) developments totalling 110MW of power.
Technology group Honeywell’s energy storage solutions arm will supply a 20MW/80MWh battery system for renewables group Hecate Energy’s solar farm in New Mexico, USA.
The US Department of Energy’s Pacific Northwest National Lab (PNNL) has made a third semi-exclusive commercial licence for vanadium redox flow battery technology available.
A consortium of developers has achieved financial close for US$1.3bn in debt facilities for the Red Sea project, a huge resort under construction off the coast of Saudi Arabia which plans to have the largest off-grid battery energy storage system at 1,200-1,300MWh.