We have the technological tools to decarbonise, but can we do so at pace and scale? It depends on the politics, says James Basden, co-founder and director of Zenobe Energy.
Efforts by the Chilean government and US-headquartered energy infrastructure company AES Corporation will boost the Latin American country’s installed base of battery storage.
UK renewable energy and battery storage developer Harmony Energy has raised gross proceeds of £186.5 million (US$251 million) to fund a battery storage rollout through an IPO.
Sunamp, a Scotland-headquartered manufacturer of a thermal energy storage technology, has just signed an agreement with a distributor to target nearly US$70 million of sales in China and open a factory in the Asian country.
A state government-owned energy corporation in Queensland, Australia, is looking to build a list of preferred suppliers of large-scale battery energy storage system (BESS) technology.
A US$57.67 million loan towards the development cost of large-scale battery energy storage system (BESS) projects will be made to South Africa’s public electricity utility Eskom by the African Development Bank.
A 1,200 hectare site in South Australia has been secured by a developer hoping to use it to build a 300MW solar power site with 3.6GWh of energy storage, based on a novel technology solution.
The government of Alberta, Canada, has announced that CA$25 million (US$20.1 million) in financial support has been offered for solar-plus-storage and pumped hydro energy storage as part of a CA$176 million package that will also give funding to oil and gas industry projects.
The installed cost of solar PV, solar-plus-storage and standalone battery energy storage in the US was reduced across all market segments between 2020 and 2021, with the biggest drop seen in the utility-scale segment.
