Portuguese utility EDP will double down on efforts to grow its energy storage and green hydrogen capabilities through two separate business units focused on the technologies.
Specific recommendations from a prominent industry group for tax reforms and other changes to support energy storage were not included India’s Union Budget for 2021-2022, but certain aspects of the budget such as the promotion of domestic self-reliance have been welcomed by it.
Renewable energy uptake and the falling costs of battery energy storage are “inexorably linked” as the global economy faces a crucial decade ahead in its urgent need to decarbonise, according to work by McKinsey & Company.
Multinational utility Engie and renewables developer Neoen are to invest €1.2 billion (US$1.46 billion) in a large-scale solar-plus-storage project in south eastern France, which includes a 1GW solar system and 40MW of battery energy storage.
Canadian public utility company and transmission system operator Hydro-Québec has launched a battery energy storage subsidiary as well as announcing a large-scale green hydrogen project.
Policymakers for New South Wales in Australia have been debating a bill to co-ordinate investment in the state’s electricity infrastructure that includes 2GW of long-duration energy storage and AU$50 million (US$36.71 million) support for green hydrogen over 10 years.
The federal government of Australia has given Major Project Status to the Asian Renewable Energy Hub, which it said will include “the world’s largest wind and solar electricity plant,” producing green hydrogen and ammonia.
Sodium-sulfur (NAS) batteries made by NGK Insulators will be supplied by a subsidiary of chemicals company BASF for power-to-gas projects by South Korean company G-Philos in global territories.
