A new IRENA report highlights how large-scale storage systems can be thought of as “virtual power lines” that enhance the performance and reliability of power networks when congestion occurs. It expects global storage capacity from large-scale batteries to grow from about 11 GWh at present to between 100 GWh and 167 GWh by 2030.
A consortium led by gas network owner Enwave Australia is developing Australia’s first industrial renewable energy microgrid at a new 120-hectare business park in Nambeelup, Western Australia.
Grid expert Andrea Mansoldo tells pv magazine how energy markets based on solar and storage are feasible as an alternative to costly grid infrastructure work. He says around 6 GWh of battery capacity may be a good alternative to building 1000km of power line or an AC 750 kV high-voltage line.
Ontario’s Independent Electricity System Operator will implement a pilot project for a future electricity market based on PV, storage and smart power consumption. The utility says the project will be a cheaper, more efficient alternative to expanding grid infrastructure.
Already active through subsidiary Fenix International and start-up Engie PowerCorner, the French energy giant is expanding further by acquiring Mobisol, an off-grid systems specialist with operations in Kenya, Tanzania and Rwanda.
The Indian Institute of Technology (IIT) Kanpur has issued an expression of interest to set up three solar-backed microgrid projects in the Indian state of Uttar Pradesh. The deadline for submissions for prospective developers is Aug. 30.
Crossboundary Energy Access (CBEA) was established in January with large investment contributions from Rockefeller and Shell Foundations. The funding facility, which said it would work to unlock $11 billion in funding for the electrification of 100 million people in Africa, has penciled its first transaction with PowerGen Renewable Energy.
The African Development Bank is providing around $56 million to fund a program to bring electricity to around 900,000 households in sub-Saharan Africa by 2025. The financial institution will also provide African distributed energy service companies with critical technical guidance and credit enhancement.
Two corporate heavyweights have announced investments in the New York-based developer and operator of peer-to-peer energy platforms. The funding will allow LO3 to scale its blockchain-based community energy networks worldwide.
As one of the most energy-intensive industries, the ‘resource sector’ is getting serious about adding cheap solar and wind energy into its mix, to boost returns. Although still predominantly underpinned by gas or diesel, mine operations are increasingly deploying hybrid solutions, highlighting the potential of renewables – particularly as momentum builds for green hydrogen to play a role in future microgrids.
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