Energy Storage

Batteries based on vanadium or zinc bromide represent the cutting edge of redox flow storage tech, an international research team has claimed. They have identified challenges and opportunities for about a dozen redox flow storage technologies, while providing estimates of their current and projected levelized costs of storage.

A new Wood Mackenzie report suggests that costs for front-of-the-meter battery storage systems in the Asia-Pacific region could fall by 30% by 2025. The declining costs are already having a palpable impact, as 2021 has opened with a slew of large-scale battery project announcements.

The private-sector arm of the World Bank, which claims to leverage $3 of its own capital and $8 from third parties for every dollar invested in its blended finance funds, has attempted to quantify what devoting Covid recovery funds to green investment would mean for emerging economies.

Last year was the time for mega-solar projects to strike record low prices – $0.0135/kWh in Abu Dhabi for the unimaginably vast 2 GW Al Dhafra project. Not to be left behind, some Australian project developers are pursuing equally grand plans, with clean-tech guru Michael Liebreich saying that their likelihood for success will lie in what the proponents plan to do with the vast amount of clean, cheap energy.

Puerto Rican regulators have ordered PREPA to procure solar and storage, but the utility’s board chairman says that the island’s grid can support only a fraction of the mandated amount.

Pending final closing, the Electrification Financing Initiative has announced it is considering private equity investments of €1.5 million to two French firms operating in Benin, Togo, Burkina Faso and Senegal, and $1.5 million to a Tanzanian business operating in Tanzania and Uganda.

European renewables, including Spanish solar, made big gains as energy demand recovered before the second wave of Covid infections. Nuclear was a notable loser, in part because clean energy volumes in the north of the continent drove down power prices sufficiently to make reactors uncompetitive.

Peel Renewable Energy is about to energize a 1.2 MW solar farm in Australia, as part of a fresh approach to microgrids. Infrastructure remains small, but the renewables-powered microgrid can grow to meet the needs of incoming businesses.

French energy giant Total called the 50:50 joint venture a “first significant step” into the U.S. utility-scale solar market.

A report by McKinsey & Company reinforces the widely-held view renewables will supplant fossil fuels in the energy system but also joins the chorus of voices warning the world is on track to fall well short of limiting global temperature rises this century to 1.5C.