News
Distribution grid locks up 455 GW of European battery storage projects
4+ hour, 12+ min ago (179+ words) From pv magazine Espa'a A study by consultancy AFRY for Beyond Fossil Fuels finds that distribution grid connection queues are blocking approximately 455 GW of battery storage projects and 375 GW of renewable energy capacity across eight European markets, with the held-up…...
When the battery becomes a balance sheet question
8+ hour, 13+ min ago (544+ words) Insurance is not an add-on. It is part of the financing architecture. In our practice, we repeatedly see the question of insurability addressed too late. A well-de-signed insurance strategy is today an integral part of the investment case. It does…...
MIT team develops room-temperature lithium process from spodumene
8+ hour, 22+ min ago (318+ words) Researchers at the Massachusetts Institute of Technology (MIT) have developed a low-temperature, closed-loop process for extracting lithium salts from spodumene ore, with aluminum and silica streams recovered as co-products and projected costs roughly half those of conventional hard-rock extraction. The…...
Ola Electric to expand battery cell capacity to 20 GWh by next year
10+ hour, 7+ min ago (332+ words) Ola Electric Mobility plans to expand its battery cell manufacturing capacity from 6 GWh to 20 GWh by next year, supported by fresh capital raised at the cell manufacturing entity level, according to Bhavish Aggarwal, the company's founder, chairman, and managing director....
EU approves capacity market for Spain - Energy Storage
10+ hour, 7+ min ago (202+ words) The European Commission has approved Spain's new capacity mechanism, which will mobilise up to "9 billion ($10. 4 billion) over the 20262036 period. The scheme will remunerate electricity resources for remaining available during periods of system stress or scarcity, including generation, storage and demand-side…...
5. 3 GWh of long-duration capacity BESS awarded in Australia's FERM Tender 1
3+ day, 9+ hour ago (383+ words) Aus Services Ltd (ASL) has announced six long duration battery energy storage system (BESS) projects totalling 1, 334 MW / 5, 336 MWh have been awarded Firm Energy Reliability Mechanism Agreements (FERMAs) in Australia's state of South Australia and its recent tender known as FERM…...
Argentina's storage tender receives 235 bids for more than 8. 3 GW
4+ day, 6+ hour ago (329+ words) ESS News Argentina's storage tender receives 235 bids for more than 8. 3 GW On Wednesday, the Argentine government opened the technical bids for the Alma SADI national and international open tender for energy storage projects. The goal is to incorporate battery storage…...
Battery storage key to solar project bankability in Africa
4+ day, 7+ hour ago (647+ words) Battery energy storage systems (BESS) are becoming increasingly key to achieving solar project bankability in Africa, according to a webinar hosted by the'Africa Solar Industry Association'(AFSIA). The second day of AFSIA's four day e-conference on storage solutions focused on…...
Betting on batteries: addressing intermittent inefficiencies at scale
4+ day, 9+ hour ago (592+ words) As shockwaves from the Iran war continue to ripple through global oil and gas markets, countries across Europe have experienced soaring energy prices. Here in the UK, the average consumer's power bill price cap has already spiked 18% per year, while…...
Australia's first 8-hour battery moves to full operations
4+ day, 12+ hour ago (307+ words) Germany-headquartered renewable energy developer RWE has received the go ahead from the Australian Energy Market Operator (AEMO) and transmission network service provider (TNSP) Transgrid to operate the 50 MW / 400 MWh Limondale'Australia's first 8-hour'battery energy storage system (BESS). Utilising 144 Tesla Megapack BESS…...