State-owned EPC firm China Power Construction Group (Power China) recently concluded a 16GWh BESS supply tender, which resulted in extremely low prices amidst a squeezing of market share and increased buying power from state-owned companies, an S&P analyst told Energy-Storage.news.
Sembcorp has successfully bid into a Solar Energy Corporation of India (SECI) tender to build a large-scale solar PV project paired with battery storage.
Vanadium flow batteries could be a workable alternative to lithium-ion for a growing number of grid-scale energy storage use cases, say Matt Harper and Joe Worthington from Invinity Energy Systems.
Global average lithium-ion battery prices have fallen 20% to US$115 per kWh this year, going below US$100 for electric vehicles (EVs), BloombergNEF said.
A large-scale hybrid project has been connected to the grid in China, combining BESS and supercapacitor technology to provide numerous services to the grid including black start.