Financing secured for solar-plus-storage project in Senegal
Madagascar-based Axian Energy has obtained €84 million ($89.2 million) of financing for a solar-plus-storage project, featuring a 60 MW solar plant and a 72 MWh battery energy storage system (BESS) in southern Senegal.
Deye launches 2 kWh hybrid ESS for residential, off-grid PV
Chinese manufacturer Deye says its new energy storage system (ESS) features a microinverter, a lithium iron phosphate (LFP) battery module, and a battery management system (BMS).
Greece launches 200 MW battery storage auction
Interested parties can submit bids by December 23. Awarded projects will be announced in February 2025 and need to be connected to the grid by April 2026.
Jordan’s new electricity law encourages investment in energy storage
The new law aims to improve the efficiency and reliability of Jordan’s electricity infrastructure and introduces the concept of energy storage in the country’s legislation for the first time.
French development agency backs South African pumped hydro storage project
Agence Française de Développement has signed a ZAR 125 million ($7 million) grant agreement with South African utility Eskom to support the development of a hydro storage system project.
Two-layer power trading mechanism to support distributed solar
Researchers in China have proposed a new hybrid transaction model for distributed power trading. The model encourages the participation of aggregators in market transactions for distributed resources and promotes the expansion of distributed energy storage.
Brazil could add 18.2 GW of energy storage by 2040
That figure would require incentives, regulation and ambition. A study by Clean Energy Latin America (CELA) estimated the Brazilian storage market should grow at least 12.8% annually through 2040, reaching a cumulative 7.2 GW, excluding client-side, ‘behind-the-meter’ installations.
Australia closed on a record 3.9 GWh of battery storage capacity in July-to-September
Eight new battery projects added up to 95% more volume than was recorded in Q3, 2023, according to a Clean Energy Council (CEC) quarterly report which also pointed to a renewables generation boom.
Solarwatt launches new inverters, batteries
Solarwatt has launched six new inverters and batteries as part of its Solarwatt Home line and outlined its future strategy. The German company, currently in transition, recently closed its solar module plant in Germany and announced staff reductions.
New grid forming strategy for solar batteries
A group of scientists from a major Chinese grid operator have proposed to use an enhanced version of the particle swarm optimization algorithm to adjust inertia and damping coefficients in batteries linked to PV systems. Their approach was validated through a series of simulation and was found to enhance transient performance.
