The government of Estonia has signed a Memorandum of Understanding (MoU) for what would be the Eastern European country’s first pumped hydro energy storage (PHES) facility.
Energy storage executives from global assurance and risk management provider DNV analyse the UK government’s proposal to kickstart investment into long-duration energy storage (LDES).
The Canadian province of Ontario should put around 6GW of long-duration energy storage (LDES) on its grid by 2032 to cost-effectively meet demand and stay on track to hit net zero targets.
The UK government has launched its consultation on its proposals for kickstarting investment into long-duration energy storage (LDES), which includes a cap-and-floor mechanism and excluding lithium-ion from being eligible.
Energy storage systems (ESS) will become India’s most invested-in clean energy asset class during this decade, but it’s likely to be pumped hydro, not lithium-ion batteries, that see the most deployments.