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Published: 9 Jun 2021, 09:56
By:
Andy Colthorpe
AES Alamitos 100MW / 400MWh battery project in California officially went online on the first day of 2021. Image: AES Corporation.
Nearly 12,000MWh of energy storage could be installed in the US during 2021 and the market will continue growing significantly over the next few years, according to research and analysis group Wood Mackenzie Power & Renewables.
The forecast has been provided in Wood Mackenzie’s latest quarterly ‘US energy storage monitor’ report, which is published in partnership with the industry’s national Energy Storage Association (ESA). Along with that massive figure for this year Wood Mackenzie in March said that 2020 deployments were about 1,500MW / 3,500MWh the group is predicting that by 2026 the US will be a 33GWh annual market, worth around US$8.5 billion.
Published: 29 Apr 2021, 06:46
By:
FlexGen battery storage project in Texas. Image: FlexGen.
Energy storage system designer and integrator FlexGen has launched a new service that figures out the feasibility of pre-development projects using the company’s DigitalTwin technology.
Aimed at developers, independent power producers (IPPs) and asset owners that are looking to develop standalone battery storage or add batteries to other generation, FlexGen’s project feasibility reports (PFRs) take a virtual model of the planned installation and allow users to determine everything from revenue opportunities and lifecycle costs to grid impact for interconnection.
The company has based its solution on the FlexGen Digital Twin technology it uses for its own systems modelling and is something the company has been doing for a while, but has only recently productised it to create “investment-grade reports”, FlexGen chief financial officer (CFO) Yann Brandt told
FlexGen Introduces Project Feasibility Reporting for Energy Storage Developers
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DURHAM, N.C., April 28, 2021 /PRNewswire/ FlexGen, the leading independent energy storage integrator in the U.S., is announcing a new service product for developers, Independent Power Producers (IPPs) and asset owners. The project feasibility reports (PFR) for energy storage development accelerates the analysis of the viability and opportunity for energy storage assets. With the FlexGen DigitalTwin™ application, users can determine a potential project s revenue opportunity and lifecycle costs, model multiple scenarios as well as study the grid impact for interconnection. The PFR can then be seamlessly transition into execution of the project with certainty in budget, performance and timeline provided by the project feasibility report powered by FlexGen DigitalTwin.