Energy Storage

The California Independent System Operator has warned state regulators that there could be a 4.7 GW capacity shortfall in 2022, in the early evening hours of the annual peak demand events of September. The grid operator has suggested the alteration of water cooling laws, as well as increased procurement of resources.

The Dubai Water and Electricity Authority will use energy from the gigawatt-scale Mohammed Bin Rashid Al Maktoum Solar Park to provide a new hydropower plant with pumped storage capacity. The state-owned utility has announced a number of innovations for the project in recent months, including plans for hydrogen and large-scale storage capacity.

AC Renewables, the energy arm of Philippines’ Ayala Corp, and Australia’s UPC Renewables have agreed to buy 51% in a 250 MW pumped hydro project and a neighboring 300 MW solar project, both located in South Australia.

Ireland appears ready to embrace PV after years of failed announcements. Globaldata predicts the EU member state will deploy around 1.3 GW of solar by 2030, with renewables potentially meeting 65% of electricity demand. Furthermore, Irish Water has announced it wants to deploy solar at its water treatment plants.

The energy storage market is set to be the latest affected by Trump’s trade war as lithium-ion batteries were excluded from the group of Chinese imports for which the U.S. president announced tariffs would be delayed until December 15.

Holders of almost two-thirds of the miner’s Hong Kong listed stock voted down a proposal to issue new non-Chinese shares that would dilute their investment by around a quarter. The board had proposed the move to raise funds for further lithium extraction overseas.

A report produced by an AI and automation market research company says an anticipated boom in the European storage market – driven by a desire to reduce carbon emissions – will attract producers as demand outside China tails away.

Since the beginning of August the Flemish government has granted a €250/kWh rebate for the purchase of domestic batteries. The program is set to run until the end of next year.

The energy company will build a 38 MW solar, 22 MW wind and 12 MW battery project on one site. The first fully renewable hybrid power plant could be a blueprint for post-subsidy Germany. Vattenfall has an eye on German coalfields in particular.

Researchers in the US have published a study that brings 20 years of renewable energy (solar PV and/or wind plus storage) generation into line with historical energy-demand profiles, to ascertain at what storage cost point renewables can cost-effectively consistently meet 100% demand.