Germany concludes solar-plus-storage tender with average price of €0.0615/kWh
Germany has concluded a new renewables tender for innovative projects, securing 486 MW of capacity at final prices ranging from €0.0500 ($0.0590)/kWh to €0.0639/kWh
Mitsubishi testing aquifer thermal energy storage for renewables
The Japanese conglomerate and the Osaka Metropolitan University are testing an aquifer thermal energy storage system that directly uses 10,000 m3 of groundwater stored at 5 C in a cooling well. It is intended to store renewable energy and produce cooling for air conditioning in the summer or heating for the winter.
Largest UK solar plant goes online
The 373 MW Cleve Hill Solar Park is now exporting 100% of its capacity to the grid. Under construction, co-located energy storage to come online at a later date. The project has broken UK records for financing and offtake agreements, according to developer Quinbrook.
Madagascar signs deal to develop 50 MW of solar with 25 MWh of storage
Global South Utilities (GSU) has secured agreements with Madagascar to develop a 50 MW solar plant and a 25 MWh battery energy storage system (BESS) in the island nation.
German batteries stabilizing solar energy prices at expense of own profitability
Analyst Thema Consulting Group has calculated the impact of rapid expansion of battery storage systems in Germany and found they will help stabilize solar prices by reducing the number of negatively-priced-electricity hours – but will cannibalize their own revenue in doing so.
Trinasolar targeting ‘high-value’ markets
Yang Bao, Trinasolar’s president of global sales and marketing, recently spoke with pv magazine about the company’s strategy for the solar and energy storage business.
In a world of low-cost batteries, performance matters
Oversupply of lithium-ion battery precursor and active materials – and of lithium iron-phosphate (LFP) batteries, especially in China – has driven energy storage system costs down, fueling a record 330 GWh of battery energy storage system (BESS) shipments in 2024. Edward Rackley, head of the energy storage team at Business intelligence specialist CRU, shares his analysis.
LiNa Energy opens sodium battery pilot manufacturing line in UK
10 kWh sodium-metal-chloride batteries will be build at new site in Lancaster, England. Start-up LiNa is targeting markets with harsh climates during initial rollout and intends to produce 100 kWh systems following 10 kWh trial projects.
Brazilian energy storage hampered by technical challenges, lack of regulation
While Brazil wastes billions of real on curtailment, the electricity sector is demanding urgent action on an energy storage capacity reserve auction which is now not expected until 2026. ‘What is missing is the courage to unlock the market,’ said Greener CEO Marcio Takata.
Chinese PV Industry Brief: Fox ESS, Gold Electronics plan IPOs in Shenzhen
The Shenzhen Stock Exchange (SZSE) has approved a plan by Fox ESS to raise more than CNY 1.6 billion ($223 million) through a share sale, while Hangzhou Gold Electronics has secured clearance to seek up to CNY 850 million for its battery management system (BMS) business.
