The project is scheduled to come online by mid-2019 and will help the local grid better manage the increasing power generation from wind and solar facilities, which at the end of 2017 had reached a combined capacity of 500 MW.
The three companies want to jointly install a 22 MW storage facility that will provide primary control power and grid services. The planned investment for the project is €17 million.
Investors throughout the world made 406 investments in large-scale renewables in 2017, collectively valued at roughly €40.1 billion (US$49.5 billion), but solar is set to grow more in terms of capacity than any other clean-energy technology over the next half decade, according to a new report. Battery storage will play a crucial role in this, it found.
Despite hitting a record 1.17 GW of new grid-scale storage capacity in 2017, growth was a mere 4.6% on 2016 having surged 61% the year prior. Industry’s reliance on policy support means foundations for growth remain uneven, report finds. Average costs, however, fell by 24% last year.
Latest report by IEEFA showcases nine case studies among the world’s leading states by wind and solar market share, which can serve as an example for other countries on their energy transition pathways.
ADS-TEC, a southern German battery solutions provider, has this week connected a 1 MW+ lithium-ion storage facility in the Allgäu region of the country.
Examining the outlook for renewables, grid and infrastructure, and energy storage for the next five years and beyond, the Lloyd’s Register 2018 Technology Radar study asks the question: When will renewables become the dominant source of energy?
A team of scientists from the U.S. University of Rochester has developed a compound, which it says could double the effectiveness of redox flow batteries, and “transform the energy storage landscape”.
The Swedish storage developer will receive the loan funds via the European Commission’s InnovFin fund, which is part of the Energy Demo Projects facility.
The Arizona-based module manufacturer will install a 50 MW battery system charged by a 65 MW solar farm under a 15-year power contract with the U.S. state’s largest utility.
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