Energy Storage

The facility is now selling power to local distributors AES, Delsur, EDESAL and B&D at an average price of $ 49.55 under a 20-year PPA.

LG Chem is spinning off its battery business into a new subsidiary, LG Energy Solution. It also launched two new battery series, Resu Prime and Resu Flex. These devices rely on new battery cells with a higher power density and with up to 16 kWh, they have a higher capacity than previous models. The first products are expected to be shipped from February or March 2021.

Like Airbnb, but monetizing spare energy: “The first big step toward opening the door to a massively transactive grid.”

Researchers in Saudi Arabia have conducted a review of all current techniques used to calculate the monetary value of storage. They found that batteries secure the most value in providing ancillary services.

The New South Wales state government’s push toward renewable energy continues to gather momentum, as the Independent Planning Commission has approved a multimillion-dollar, 500 MW solar project.

RWTH Aachen University and Forschungszentrum Jülich evaluated the data. It shows a growing demand for photovoltaic storage systems in 2019 and continued positive market sentiment lasting well into 2020.

The government has drafted an industrial policy to try and attract electric vehicle production lines, and even solar-powered car producers, to the country.

Engie has published the findings of its long-awaited feasibility study with Yara on the development of renewable hydrogen and ammonia. They plan to build new large-scale facilities in Western Australia, starting with a 10 MW solar farm and electrolyzer.

According to a research team from Oxford University, solar and wind may be applied in power-to-methanol projects only if the methanol industry will switch from conventional chemical processes, that require a constant energy supply, to more flexible processes that need demand-side management.

EU environmental laws are driving the implementation of zero-emission solutions in the Netherlands.