Nearly a fifth of the government’s total energy technologies investment must be spent on energy storage batteries between 2025 and 2030 to meet renewables targets, Cornwall Insight has said.
A new report from the Energy Systems Catapult (ESC) has looked at the operability of a net zero system in a bid to “generate conversation and debate”.
Irish onshore wind, solar and energy storage company Aer Soléir has secured £190 million ($250 million) of equity funding from 547 Energy International.
Battery storage participation in the Balancing Mechanism has “increased massively” while a hybrid approach to trading that sees assets dipping in and out of Dynamic Containment is becoming more common.
A meeting between energy storage representatives and energy minister Greg Hands has this week taken place, with discussions centring on unlocking investment in energy storage technologies.
The technical solutions needed to operate a net zero electricity system by 2035 are available or attainable, Regen has found, though a step-change in the level of investment is still needed.
Investors are increasingly turning attention to the Balancing Mechanism and Capacity Market for future long-duration battery storage revenue streams, with new research from LCP suggesting batteries can play a larger role in both.
Irish energy trading and services firm ElectroRoute is to optimise two battery storage projects on behalf of European renewable investment firm NTR.
Zenobē Energy's co-founder and director Nicholas Beatty tells Current± about the advantage of the company's new debt structure and its plans for second life battery storage.