Tag Archives: batteries

Axian Energy secures €84mln financing for Senegal’s largest solar photovoltaic (PV) and battery Project

Axian Energy, a subsidiary of Madagascar-headquartered Pan-African business group Axian, announced on Tuesday that it has closed €84 million in financing for a solar photovoltaic (PV) and battery energy storage system (BESS) project in southern Senegal. The Kolda project, valued at over €105 million, involves two solar PV plants with a combined 60 MW capacity … Continue reading Axian Energy secures €84mln financing for Senegal’s largest solar photovoltaic (PV) and battery Project

Continue reading

Biden-Harris Administration Announces Loan Guarantee of More Than $860 Million to Support Construction of Photovoltaic and Battery Storage Systems in Puerto Rico

As part of the Biden-Harris administration’s Investing in America agenda, the U.S. Department of Energy (DOE), through its Loan Programs Office (LPO), announced a $861.3 million loan guarantee to finance the construction of two solar photovoltaic (PV) farms equipped with battery storage and two standalone battery energy storage systems (BESS) in Puerto Rico. The facilities … Continue reading Biden-Harris Administration Announces Loan Guarantee of More Than $860 Million to Support Construction of Photovoltaic and Battery Storage Systems in Puerto Rico

Continue reading

Ørsted has completed 600 MW combined photovoltaic (PV) and battery storage project in the US

With a 300 MW solar photovoltaic (PV) capacity, Ørsted’s Eleven Mile Solar Center will produce enough renewable energy to power 65,000 US homes while the battery can store 1200 MWh of power. Ørsted celebrated the official commissioning of the Eleven Mile Solar Center in Pinal County near Phoenix, Arizona. The 300 MW solar farm and … Continue reading Ørsted has completed 600 MW combined photovoltaic (PV) and battery storage project in the US

Continue reading

Impact of hybridisation of renewable energy and batteries on the energy transition and PPA

Hybridisation of batteries and renewable energy not only improves the technical efficiency of projects but also provides significant advantages in the PPA field, both for producers and buyers. With this growing trend, the future of energy storage and management is shaping up to be one of the most strategic pillars for decarbonising the European energy … Continue reading Impact of hybridisation of renewable energy and batteries on the energy transition and PPA

Continue reading

RWE starts construction of battery storage projects with a combined capacity of 450 MW in the U.S.

Construction is underway at RWE’s Crowned Heron 1 and 2 and Cartwheel battery storage systems in Texas, with commissioning planned for 2025. Once completed, the projects will add 450 MW BESS capacity to RWE’s US operating footprint. RWE’s U.S. BESS platform to help enhance regional grid resilince, contribute toward goal to expand battery storage capacity … Continue reading RWE starts construction of battery storage projects with a combined capacity of 450 MW in the U.S.

Continue reading

US Grid-Scale Energy Storage Installations Surge, Setting New Q2 Record

The U.S. energy storage market set a Q2 record in 2024, with the grid-scale segment leading the way at 2,773 MW and 9,982 MWh deployed. The U.S. energy storage market experienced significant growth in the second quarter, with the grid-scale segment leading the way at 2,773 MW and 9,982 MWh deployed. According to the American … Continue reading US Grid-Scale Energy Storage Installations Surge, Setting New Q2 Record

Continue reading

TotalEnergies commissions its largest utility-scale photovoltaic plants with batteries in the United States

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has started commercial operations of Danish Fields and Cottonwood, two utility-scale solar farms with integrated battery storage located in southeast Texas. These new projects, with a combined capacity of 1.2 GW, are part of a portfolio of renewable assets totaling 4 GW in operation or under construction in Texas. Danish Fields … Continue reading TotalEnergies commissions its largest utility-scale photovoltaic plants with batteries in the United States

Continue reading

The Future of European Electricity Markets: Batteries, Hybridisation and Profitability

European electricity markets are facing an unprecedented energy revolution, driven by the rise of renewable energies. Batteries and hybridisation of technologies are emerging as key players in this transformation process, not only optimising the integration of clean energy but also mitigating price volatility and increasing the profitability of investments. Falling battery prices and the advance … Continue reading The Future of European Electricity Markets: Batteries, Hybridisation and Profitability

Continue reading

Critical materials: Batteries for electric vehicles

A new report by the International Renewable Energy Agency (IRENA), “Critical Materials: Batteries for Electric Vehicles”, reveals that the growing demand for electric vehicle (EV) battery materials required by 2030 can be met by expanding sustainable supply chains and scaling-up the development and adoption of innovative technologies. According to IRENA’s 1.5°C Scenario, outlined in the … Continue reading Critical materials: Batteries for electric vehicles

Continue reading

The Future of European Electricity Markets: Batteries, Hybridisation and Profitability

European electricity markets are facing an unprecedented energy revolution, driven by the rise of renewable energies. Batteries and hybridisation of technologies are emerging as key players in this transformation process, not only optimising the integration of clean energy but also mitigating price volatility and increasing the profitability of investments. Falling battery prices and the advance … Continue reading The Future of European Electricity Markets: Batteries, Hybridisation and Profitability

Continue reading

Photovoltaics proposes mandatory storage in renewable energy auctions

Unef maintains that hybrid plants with batteries will thus internalize the risk that storage will not obtain sufficient remuneration to cover costs and be profitable.The Spanish Photovoltaic Union (Unef) is working on an alternative to promote storage in Spain, which is causing so many headaches due to the lack of a regulatory framework that hits … Continue reading Photovoltaics proposes mandatory storage in renewable energy auctions

Continue reading

Giant batteries to store wind energy and photovoltaic solar power can speed up South Africa’s energy transition

South Africa is at a pivotal moment in its energy transition: trying to decarbonise its economy (move away from coal) and make sure that everyone has access to reliable and affordable energy. Storage of renewable energy is very important for this transition. Solar and wind power are not available all the time. To keep the … Continue reading Giant batteries to store wind energy and photovoltaic solar power can speed up South Africa’s energy transition

Continue reading

Application of photovoltaic charging and storage systems

To achieve net-zero goals and accelerate the global energy transition, the International Energy Agency (IEA) stated that countries need to triple renewable energy capacity from that of 2022 by 2030, with the development of solar photovoltaics (PV) playing a crucial role. Additionally, the comprehensive electrification of combustion engine vehicles is an indispensable measure for reducing … Continue reading Application of photovoltaic charging and storage systems

Continue reading

Curtailment, Greece needs 7 GW of energy storage by 2030 to avoid photovoltaic cuts

Up to 20% of renewable electricity production is expected to be curtailed by 2030 in Greece if no new investments are made in energy storage. Greece is faced with ever-increasing curtailments of renewable energy production. Based on expectations from the revised National Energy and Climate Plan (NECP), an attempt will be made to deal with … Continue reading Curtailment, Greece needs 7 GW of energy storage by 2030 to avoid photovoltaic cuts

Continue reading

Batteries the key as photovoltaic cell prices plunge and wind power and solar ramp up towards 50 pct share

Renewable generation should be around 50 per cent of supply on Australia’s main grid by July, 2026, although it might be a bit less depending on progress on the second stage of Golden Plains, which will be the country’s biggest wind farm – at least for a time – when complete. To get to 80 … Continue reading Batteries the key as photovoltaic cell prices plunge and wind power and solar ramp up towards 50 pct share

Continue reading

The state of US distributed photovoltaic solar-plus-storage

Attachment rates are booming for residential installations, but the non-residential segment has been slower to adopt batteries. Pairing solar with battery storage provides a key solution to intermittency which has long been an Achilles heel for solar power. So, is solar-plus-storage taking off as an effective, future-proof solution to supplying US homes and workplaces with electricity?  … Continue reading The state of US distributed photovoltaic solar-plus-storage

Continue reading

Ørsted invests in battery energy storage system co-located with Hornsea 3 Offshore Wind Farm

Ørsted has taken final investment decision on a battery energy storage system, which will provide stability to the UK energy supply and reduce price volatility. The Tesla battery energy storage system will be installed on the same site as the onshore converter station for Ørsted’s Hornsea 3 Offshore Wind Farm in Swardeston, near Norwich, Norfolk, … Continue reading Ørsted invests in battery energy storage system co-located with Hornsea 3 Offshore Wind Farm

Continue reading

Battery storage begins to play a key role for US grids

California and Texas increasingly rely on storage to balance the grid. Other states will follow. Wind power and photovoltaics require storage to ensure supply “The future is already here — it’s just not very evenly distributed.” That observation, from the great science fiction writer William Gibson, often provides a useful framework for thinking about technological … Continue reading Battery storage begins to play a key role for US grids

Continue reading

Analysis of clean technologies: solar photovoltaic, wind energy, batteries, electrolyzers and heat pumps

For every nation, clean technology manufacturing can bring economic security, employment, and resilience to clean energy transitions, says the IEA. The sector is now so significant that it’s also impacting overall GDP performance: in 2023, clean technology manufacturing alone accounted for around 4% of global GDP growth and nearly 10% of global investment growth. Here, … Continue reading Analysis of clean technologies: solar photovoltaic, wind energy, batteries, electrolyzers and heat pumps

Continue reading

Rapid expansion of batteries will be crucial to meet climate and energy security goals set at COP28

After their deployment in the power sector more than doubled last year, batteries need to lead a sixfold increase in global energy storage to enable the world to meet 2030 targets Growth in batteries outpaced almost all other clean energy technologies in 2023 as falling costs, advancing innovation and supportive industrial policies helped drive up … Continue reading Rapid expansion of batteries will be crucial to meet climate and energy security goals set at COP28

Continue reading