Published: 23 Feb 2021, 13:05
By:
Jules Scully
Mytilineos completed engineering, procurement and construction work on the 170MW Atacama PV plant (pictured) in Chile last year. Image: Mytilineos.
Greek industrial group Mytilineos has acquired a portfolio of solar and battery storage projects in a €56 million (US$67.8 million) transaction it says “heralds the transition to a new era” for the company.
The deal includes a portfolio of 20 PV projects in Greece with a combined capacity of 1,480MW that are owned by Egnatia Group and are expected to operational by the end of 2023.
Mytilineos will also acquire a portfolio of 21 battery energy storage projects, as well as four additional battery storage combined with solar parks, all developed by Egnatia Group.
Published: 23 Feb 2021, 16:35
By:
Reporter, Solar Media
Panelists at this year s Energy Storage Summit discussed the requirements of the Dynamic Containment service. Image: Solar Media
The benefits – and remaining challenges – of the UK’s new frequency response service Dynamic Containment (DC) were discussed at today’s Energy Storage Summit by a panel of experts and industry stakeholders.
The sub-second, post-fault response service was first soft-launched in October 2020 and is – as Devrim Celal, CEO of energy tech firm Upside Energy, described today – “truly the first digital solution that’s come out of National Grid”.
The service is largely lauded for its lucrative revenues, with Mike Ryan, UK commercial director at battery optimisation and energy trading firm Habitat Energy telling the audiences virtually gathered at the Summit that this is “clearly one of the things that’s attracting all asset owners” into the market, adding it “cons
Published: 23 Feb 2021, 16:20
By:
Deputy Editor
Gresham House Energy Storage Fund s Wickham Market battery is one of just 400MW of storage currently playing into Dynamic Containment. Image: Gresham House.
Batteries are uniquely placed to enter multiple revenue markets, with the wholesale market becoming increasingly interesting.
In this morning’s Energy Storage Summit 2021 keynote discussion,
What is the key for really making money from batteries?, the panel talked through the numerous routes available to battery energy storage currently.
The growth in the ancillary market remains one of the biggest avenues for revenue, in particular in the UK, where “the balancing services market is very attractive at the moment because it’s undersubscribed” said Ben Guest, managing director at stock exchange listed dedicated investment fund Gresham House Energy Storage Fund.