Published: 4 Mar 2021, 11:23
By:
Deputy Editor
Pivot Power s Kemsley battery storage site was one of 17 successful assets to clear in the T-1 Capacity Market auction. Image: EDF/Pivot Power.
The Capacity Market T-1 auction cleared at a record high price in the UK this week, with 17 batteries winning spots.
This was a sizeable jump from last year, when just two assets managed to secure spots, as the role of renewables and storage continues to grow in the country.
A total kDe-Rated Capacity of 2252.116MW was procured by National Grid ESO, just shy of the target announced by the Department of Business Energy and Industrial Strategy of 2.4GW. This was significantly higher than the initial target set by the government department of 0.4GW in July 2020, in an effort to manage a “range of non-delivery uncertainties”.
Published: 4 Mar 2021, 13:50
By:
Andy Colthorpe
AES Alamitos 100MW / 400MWh project in California; the first instance of four-hour duration battery storage commissioned as a direct replacement for natural gas peaking capacity. Image: AES Corporation.
The US’ installations of advanced energy storage almost entirely lithium-ion battery systems went beyond the 1GW mark in 2020, while in capacity terms the figure was close to 3.5GWh.
Research firm Wood Mackenzie Power & Renewables’ quarterly US Energy Storage Monitor report which forecasts, then records and analyses energy storage deployments. The latest edition, gathers together stats for Q4 2020 while collating the full-year data for the whole of last year.
Published: 3 Mar 2021, 14:04
By:
Reporter, Solar Media
The merits of co-located battery storage sites - such as this solar-plus-storage site originally developed by Anesco and now owned by GRIDSERVE - were debated during this year s Energy Storage Summit. Image: Anesco
Co-located battery storage’s ability to help mitigate risk and counter renewable yield compression has been hailed as a “fantastic opportunity” by renewables investor Bluefield Partners’ investment director Jan Libicek.
Speaking on a panel at this week’s Energy Storage Summit 2021, Libicek said that when it comes to financing, energy storage remained “firstly a question of confidence”, but deemed that the finance community can no longer ignore the potential of energy storage assets and in particular, co-located sites.
Published: 3 Mar 2021, 12:51
By:
Edith Hancock
Charlie Pugsey, deputy commissioner for the London Fire Brigade, believes better monitoring of forseeable events could be vital in improving safety in the energy storage industry. Image: ESRG
Re-examining and retrofitting older, potentially hazardous battery storage systems should be an “essential” part of preventing harm, according to a panel of industry leaders.
Speaking at the Energy Storage Summit 2021, hosted by our publisher Solar Media yesterday (2 March) Charlie Pugsley, the deputy fire safety commissioner of the London Fire Brigade, asked why battery storage owners would “not want to apply a retrospective look” to their sites if they believe the older technology could carry a safety risk.
Published: 3 Mar 2021, 16:03
By:
Andy Colthorpe
Session moderator Carina Radford s law firm White & Case advised on the Neoen-Tesla Hornsdale Power Reserve project in South Australia. Image: Neoen-Tesla.
The battery storage market in the UK has become a viable investment opportunity in just the past few months, even without the backing of long-term contracts for grid services, according to an investment manager in the renewable energy sector.
Jonty Lovell, investment manager at Foresight Group, said that the falling cost of energy storage and the evolution of an industry capable of monetising assets in merchant opportunities have brought the industry into a new phase of economic viability. Lovell was speaking at today’s final day of the Energy Storage Summit 2021 hosted by our publisher Solar Media.