BESS noise has ''exploded as a concern'' recently
Inverter and BESS firm Sungrow pointed out to Energy-Storage.news in a recent interview that its latest generation product increased the energy-per-container from 2.5MWh to 5MWh but the max noise emissions went from 79dB to 75dB. Energy-Storage.news'' publisher Solar Media will host the 2nd Energy Storage Summit Asia, 9-10 July 2024 in
Greenbacker and Aypa Power acquire US battery storage projects
It marks the renewables asset manager''s first direct entry into the standalone BESS market, two months after it invested in storage-focused developer Delorean Power and two years after it bought the rights to a portfolio of behind-the-meter storage systems from Stem Inc. . The front-of-the-meter storage assets are both in New York and have a combined
US battery storage industry ''at crisis point'' over supply chain
The US battery storage market is struggling to adapt to rising raw materials costs and has reached a "crisis point", Energy-Storage.news has heard. The steep rise in the cost of lithium carbonate in particular means that it''s likely the industry will see a slowdown in new projects in 2022 and possibly next year, Adam Walters, a specialist
Engie to buy US battery storage firm Broad Reach
French utility company Engie has reached a deal, with an equity value of over $1bn, to purchase Texas-based battery energy storage firm Broad Reach Power.. The sellers were private equity firms EnCap and Apollo. This
Reducing battery procurement risk for US energy storage projects
The passing of the Inflation Reduction Act in August of 2022 included provisions that are significantly impacting the utility-scale battery storage industry. This includes the decoupling of storage from solar projects, allowing for standalone energy storage projects to qualify for Investment Tax Credits (ITC) up to 30%.
SPN
The Government of the state of Eritrea has received financing from the African Development Fund (ADF) hereinafter called the Bank toward the cost of Dekemhare Solar PV Project and intends to apply part of the proceeds toward payments under the Contract for Procurement of Design, Supply, and Installation of 30 MW Solar PV Plant, Battery Storage
30 MW Solar PV Plant in Eritrea Awarded to Chinese Firm
The first is the power generation phase, which includes the design and construction of the 30 MW grid-connected solar PV plant, a 15 MW/30 MWh battery energy storage system, a 33/66 kV substation, and a 66 kV transmission line. This transmission line will be connected to the existing line between East Asmara and Dekemhare.
Eolus makes FID on third US battery storage project,
Swedish wind power pioneer Eolus has made a final investment decision (FID) on a battery storage project in California, its third in the US, with a targeted commercial operation in 2024. The company announced that
Long-duration CO2 Battery startup Energy Dome pens contract
Energy Dome has signed a contract with Alliant Energy for a 200MWh long-duration energy storage (LDES) project in Wisconsin, which the US utility considers the "first of many." Italy-headquartered Energy Dome holds the IP for its CO2 Battery, which essentially stores energy through the adiabatic compression of carbon dioxide.
Battery Energy Storage Roadmap
The EPRI Battery Energy Storage Roadmap is the product of a series of working group meetings attended by EPRI Member Advisors and staff to review and assess the relevance of gaps identified in 2020 and compile new gaps that have since emerged. The compilation of gaps included in this document represent challenges that are collectively
Development banks IFC, AfDB finance projects in Malawi/Eritrea
The announcement comes a week after the African Development Bank (AfDB) agreed to provide US$50 million to Eritrea to fund the installation of a 30MW PV, 15MW battery energy storage project near Dekemhare. The project, covered by sister site PV Tech, would also require the construction of a new substation and transmission line.
Solar plant to be built in Eritrea to combat chronic load
Eritrea is to construct a solar photovoltaic power plant with a battery backup system to address its electricity challenges. The 30MW project will be funded through a $49.92 million grant from the African Development Bank.
US sees 84% year-on-year rise in Q1 energy
The US energy storage industry saw its highest-ever first-quarter deployment figures in 2024, with 1,265MW/3,152MWh of additions. Skip to content. Solar Media. Events. Nevada''s battery storage sector growth has largely comprised solar-plus-storage hybrid installations, and as regular readers of this site may have noted, that generally
Recurrent Energy, Hecate Grid raise US$640 million for US battery
Recurrent Energy has closed US$513 million financing on a battery storage project in Arizona, US, which has a 20-year utility tolling agreement in place. Recurrent, the independent power producer (IPP) and developer subsidiary of Canadian Solar announced today that it has secured the funding for Papago Energy Storage, a 1,200MWh battery energy
US energy storage deployments at record high but ''multiple
Wood Mackenzie said this has contributed to a 23% quarter-on-quarter decline in the median cost of grid-scale battery storage systems. Recent market analysis from BloombergNEF found that battery pack prices (including the electric vehicle and stationary BESS markets) fell 14% from 2022 to 2023, reaching an average of US$139/kWh, a record low.
Fluence: ''US the principal driver of unprecedented demand for battery
The energy storage system integrator and energy services provider reported revenue of US$2.7 billion for its FY2024, which ran until the end of September, and US$1.2 billion for the fourth quarter in a financial results release earlier this week (27 November). Fluence claimed, in a market which it believes will drive "unprecedented growth
Tesla batteries reach Eritrean villages in SolarCentury''s
The hybrid power systems at Areza (1.25MW) and Maidma (1MW) took eight months to build, with a combination of solar PV, lithium-ion batteries from US firm Tesla, and backup diesel generators from Caterpillar.
Buy now or wait? US battery energy storage procurement dilemma
CATL exhibiting its energy storage products at RE+ in Anaheim, California, last month. The company, the largest battery manufacturer in the world, is one of six Chinese companies which the US military will no longer buy batteries from, starting in 2027.
LG Energy Solution building US factory with 16GWh dedicated to battery
LG Energy Solution will build a new battery cell factory in the US with 43GWh annual manufacturing capacity, including 16GWh dedicated to the stationary energy storage market. The South Korea-headquartered company said this morning that it will invest KRW7.2 trillion (US$5.5 billion) into the production plant in Queen Creek, Arizona.
Eolus makes FID on third US battery storage project, in California
Swedish wind power pioneer Eolus has made a final investment decision (FID) on a battery storage project in California, its third in the US, with a targeted commercial operation in 2024. The company announced that construction on the Pome battery energy storage system (BESS), in San Diego, will start in the third quarter of this year for
US commercial and industrial battery storage
The US industry installed 1,067MW of energy storage in Q4 2022, but just 48MW of those were categorised as commercial and industrial (C&I) or community-scale projects, according to a recent report from Wood Mackenzie Power & Renewables. Adding up to 195MW total in that category for the whole of 2022, versus 593MW of residential deployments and
LG Energy Solution, Hanwha in US energy storage battery
The US battery storage market is in a rapid growth phase and becoming increasingly competitive, creating an increasing need for sophisticated technologies and a deeper understanding of markets. Most Popular. Aypa Power closes US$398 million financing for 250MW/1,000MWh Arizona BESS.
Eritrea''s electricity supply industry: So much potential,
The African Development Bank (AfDB)''s $50m package to develop the Dekemhare 30MWp solar PV and 15MW/30MWh battery storage plant, approved in April, was a notable exception to the position of most
NextEra Energy developing 2.8GW of US battery storage through 2024
But the division reported an overall Q2 2021 net loss on a GAAP basis of US$315 million, or US$0.16 per share, compared to net income of US$481 million, or US$0.24 per share, in Q2 2020.When adjusted, NextEra Energy Resources'' earnings for Q2 of 2021 were US$574 million, or US$0.29 per share, compared to US$531 million, or US$0.27 per share