‘Good time to be battery storage developer’
At Intersolar Europe 2024, ESS News spoke with George Hilton, research and analysis manager at S&P Global, about the state of play in the battery energy storage supply chain and falling prices. According to Hilton, the overcapacity at every level of the supply chain has led to prices that are no longer sustainable for many market players. Meanwhile, technological innovation has led to an unprecedented variety of battery storage technologies on offer, and for a great number of markets the right time to jump in is now.
Hoymiles launches AC-coupled battery for balcony PV systems
The Chinese company says its new product has a storage capacity of 2,240 Wh and an expected lifespan of 6,000 cycles.
Lion Storage secures permit for 1.5 GWh battery project in the Netherlands
Dutch developer Lion Storage has secured an irrevocable building permit for its 364 MW/1457 MWh battery energy storage project located in the Vlissingen port, in the southwestern Netherlands.
Australian grid operator to boost system strength with synchronous condensers
Transgrid – the owner of the power grid in New South Wales, Australia – aims to roll out up to 14 synchronous condensers and 4.8 GW of batteries with “grid-forming” capability to stabilize the electricity grid as coal-fired power plants retire and more renewables come online.
Elements Green secures approval for 360 MW/720 MWh storage project in UK
UK-based solar and energy storage developer Elements Green has secured planning consent for its Staythorpe Battery Energy Storage System (BESS) project in the UK. The system will be colocated with a massive 800 MW solar farm.
Fire at South Korea primary lithium battery factory kills 22
At least 22 people, most of them foreign nationals, were killed in a massive fire at a South Korean factory that manufactures non-rechargeable lithium batteries in Hwaseong city, just south of Seoul. The cause of the blaze is still being investigated.
Israel to provide incentives for hybrid solar inverters
Israel’s Ministry of Energy says it will exempt hybrid solar inverters from purchase tax and customs duties. It claims that these policy mechanisms will help during energy emergencies.
Larsen & Toubro wins 185 MW/254 MWh solar-plus-storage project in India
Larsen & Toubro (L&T) has secured a contract to build a 185 MW grid-connected solar project and a 254 MWh battery energy storage system (BESS) in Bihar, India.
Australian capacity tender flooded with 40 GW of renewable energy projects
Australia’s first national Capacity Investment Scheme auction has been inundated with expressions of interest, with the federal government revealing that investors have tabled 40 GW of new renewable energy generation projects such as wind and solar.
Xing Mobility releases high-voltage battery
Xing Mobility has released its Immersi XE50 battery system designed for both renewable energy applications and commercial and residential uses. The Taiwan-based company says its solution is capable of reaching up to 1500V.
