Biggest shareholder has acquired – and postponed payment of – a chunk of debt due last month and agreed a further debt-to-equity transfer. The Swiss company today stated further measures will be required to shore up its balance sheet.
The virtual power plant (VPP) solutions provider connected its product with a 2 MW storage system in Belgium. It will be the country’s first storage system to take part in the grid’s frequency control reserve.
Outlining energy pathways for the next 30 years and beyond, the U.K.’s National Grid has released four different scenarios, considering growing electricity demand and a significant increase in energy infrastructure from new renewable generation and EV charging networks. Only two of them meet the U.K.’s 2050 carbon reduction target on the back of a large growth of renewables and energy storage, and almost completely decarbonized transport.
EnergyTrend recognizes recent tariffs developments will hit the electric vehicle (EV) industry. Despite this, environmental regulations, as well as costs and technological advancement, will prevail and continue to drive EV sales globally.
The cell uses a novel approach that increases its conversion efficiency and longevity at the same time. Researchers claim it is a new world record for this type of application and highlight its importance in storing renewable energy in hydrogen to compensate for output and demand fluctuations.
InnoEnergy has launched its energy management platforms with local partners in Sweden. The platform would help integrate renewable energy resources through battery storage management algorithms. An expansion into other markets is planned already.
EU member states have reached a consensus regarding the prohibition of discriminatory taxes for self-produced energy, in negotiations on the renewable energy directive. The indiscriminate regulation covers systems of up to 30 kW capacity. Furthermore, double taxation through the additional charges on energy storage is to be avoided.
The project – the largest storage system using second-life and new electric vehicle batteries installed at a commercial building in Europe to date – was developed in partnership with Eaton, BAM and The Mobility House. pv magazine was present at the commissioning ceremony.
The City of Sydney has installed the first large scale battery storage system to be located within the Sydney metropolitan are. Transgrid and the City collaborated on the project, which sees 500 kWh of batteries coupled with around 450 kWp of rooftop PV.
The German-based company delivered 26 battery inverters for lithium-ion storage with a capacity of over 50MWh. The facility is one of the largest of its kind and will provide reserve capacity to compensate for deviations in the power supply.
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