BESS, deep learning simulations: decrease in wholesale price variability
Donato Leo is the author of a study on the relationship between photovoltaics, batteries and wholesale energy prices in Italy. Leo’s deep learning simulations suggest changes in energy prices as installed battery capacity increases.
Tesla launches Powerwall 3 in UK & Germany
Almost ten years after the “Powerwall 1,” US EV giant Tesla has launched its home battery system, Powerwall 3, in the United Kingdom and Germany. The Powerwall 3 is being officially presented at The smarter E Europe this week.
U.S. grid-scale storage grows 84%, residential storage 48%
Wood Mackenzie reported large growth in Q1 year-over-year for grid-scale storage and residential storage in the USA, while commercial and industrial storage slowed.
Fire in a battery container causes €700,000 in damage in Germany
The cause of the battery container fire in Thuringia, Germany, is still unclear. The damage caused is enormous.
Peer-to-peer energy trading framework for residential buildings
Scientists in the UK developed a controller for B2B trading platform that considers thermal and visual comfort. Their modeling shows that participating in local energy trading increases the robustness of the control systems in residential microgrids in face of uncertainty in the occupant comfort level.
55 MWh battery storage system goes live in Bulgaria
Billed as the largest operating battery energy storage system in Bulgaria to date, the 25 MW/55 MWh facility, developed by Austria’s Renalfa IPP, came online at the start of the month.
Southeast Asia targets 18 GW of pumped hydro by 2033
According to projections from Norwegian consultancy Rystad Energy, Southeast Asia’s share of pumped storage hydropower is set to increase nearly eightfold in less than a decade – from 2.3 GW today to 18 GW by 2033. Rystad’s figures say that there is currently 2.7 GW of pumped hydro storage under construction, while the remaining 13.3 GW is in various stages of development.
Bulgaria backed by EIB for 1.6 GW of pumped storage
The European Investment Bank (EIB) will conduct economic and technological feasibility studies on two Bulgarian pumped storage hydropower plants due to be operational by 2032. The projects will each add generation capacity of around 800 MW and will both come with a price tag of around €900 ($964) million.
Austria offers €17.9 million to fund storage
The Austrian authorities have offered €17.9 million ($19 million) to fund medium-sized electricity storage systems, with €10 million from the climate action protection ministry and €7.9 million from the European Agricultural Fund for Rural Development (EAFRD).
Australian developer opts for longer battery duration to boost project economics
Renewables developer Frontier Energy has boosted the storage duration of its 80 MW Waroona Renewable battery by 12% to 4.5 hours
