Managing investor expectations and monetising demand for flexibility are key to future-proofing the industry’s business case, financiers stress at Energy Storage Summit.
Denmark’s largest energy company Orsted – formerly known as DONG Energy – has announced the completion of its first large-scale grid-connected energy storage project, a 20MW standalone battery system in Liverpool, England.
Hornsdale Power Reserve (HPR), the 129MWh battery energy storage system (BESS) deployed by Tesla and developer Neoen in South Australia in just 100 days, has been found to have had a positive impact on the local network.
Fluence will supply the latest large-scale battery energy storage system set to be deployed in South Australia, which has secured non-subsidised debt financing.
Transmission system operators in the US have begun making their moves to accommodate energy storage into their wholesale markets, with New England ISO and Southwest Power Pool both making filings in the past month.
Food wholesaler Philip Dennis Foodservice has installed energy storage units totalling over 4MW at one of its UK offices in an effort to generate revenue from grid services, rather than making savings from behind-the-meter activity.
Virtual Power Plant (VPP) operator Next Kraftwerke and electric vehicle (EV) aggregator and smart charging platform provider Jedlix has launched a trial to test if EV batteries can be used to provide automatic frequency reserve.
Enel has completed its first grid-scale stand-alone battery, becoming the latest developer in the UK to complete a project backed by an Enhanced Frequency Response (EFR) contract from the transmission system operator.
In the past week, developer RES Group has just got a front-of-meter battery project underway for a utility company in northern Germany, while storage system provider Tesvolt has just signed a deal with another utility in the European country to distribute energy storage behind-the-meter for commercial customers.
