India’s GUVNL allocates 1 GWh of battery storage at $2,670/MWh/month
HG Infra Engineering, Bhilwara Energy, Kintech Synergy, and Advait Infratech were successful in a standalone battery energy storage tender held by utility Gujarat Urja Vikas Nigam Ltd (GUVNL).
BVES Investor Summit: ‘Making money with BESS is easier than ever’
The financial sector is increasingly throwing its weight behind battery energy storage systems (BESS), but transparent regulations are necessary to keep the investment going. This was one of the resounding messages from the 2nd BVES Investor Summit, held in Berlin on Wednesday.
Air Energy launches to bring solid-state lithium-air batteries closer to commercialization
While some may call it a fairytale chemistry, solid-state lithium-air battery (SS-LAB) technology is now a step closer to commercial reality with the foundation of Air Energy. The startup has set out to scale the application of this promising technology over the next five years.
Coupling PV with direct air capture
Researchers in China have suggested to combine PV plants with direct air capture (DAC) technologies in an effort to reduce solar curtailment and increase DAC competitiveness. They found that the proposed combination could become viable by 2030, especially if carbon prices will increase.
Germany commits €24 billion to build national hydrogen network
KfW Development Bank has offered €24 billion ($25.2 billion) grant to bridge the gap between network operators’ high investment costs and the initially low revenues from network charges.
Italy adds 1.74 GW during Jan-Oct, reaches record 12 GWh of energy storage
From January to the end of October 2024, Italy added 1.74 GW of storage system projects.
E3/DC to replace 77 LG battery modules after fire in Germany
E3/DC says a residential battery integrated with an LG Energy Solution module recently caught fire in Werne, Germany, prompting the company to replace battery modules in 77 homes as a precaution. The cause of the blaze is still under investigation.
Dragonfly launches lithium iron phosphate battery for rooftop PV, off-grid applications
The US-based company said the new 12 V lithium iron phosphate product comes with a 10-year warranty and has a lifecycle of more than 5,000 cycles.
BESS are becoming more attractive
As battery energy storage system costs plunge, energy price volatility is shortening payback times for storage solutions. This shift, driven by a surge in intermittently generating renewables, and ongoing innovations in battery manufacturing, marks a pivotal moment for energy markets worldwide.
Torus unveils flywheel, battery energy storage, AI-driven cybersecurity solutions
The Utah-based flywheel specialist and energy management company has recently unveiled its full-stack suite of commercial energy storage, management, and security products.
