How we delivered the 98MW/196MWh Pillswood BESS Project
Email. Image: Harmony Energy. Alex Thornton, operations director at Harmony Energy, gives us a deep dive into Pillswood, the biggest battery storage project in Europe, including the bold decision to be an early-mover into 2-hour lithium-ion BESS, in a market of much shorter duration assets. This is an extract of a feature which appeared in
4 Top Energy Storage Software Solutions | StartUs Insights
Explore our analysis of 143 global startups & scaleups and their energy storage software solutions for energy storage management and optimization, energy analytics & more! Analytics Artificial Intelligence Digital Twin Energy Management Energy Storage. Staying ahead of the technology curve means strengthening your competitive advantage.
LG Energy Solution: Industry headwinds cause dip in profitability
Image: LG Energy Solution. LG Energy Solution has seen a drop in its profitability during the second quarter of this year, which according to the company''s CFO was largely caused by industry headwinds. Nonetheless, while profits fell 24.4% from the previous quarter, sales remained strong, and revenues rose 16.8%.
Battery analytics: The game changer for energy storage
This is an extract of an article which appeared in Vol.28 of PV Tech Power, Solar Media''s quarterly technical journal for the downstream solar industry. Every edition includes ''Storage & Smart Power,'' a dedicated section contributed by the team at Energy-Storage.news. Lithium batteries have definitely changed the game for the
New England states apply for US government transmission and energy storage funding
Arclight committed US$150 million investment to its energy storage subsidiary in 2023 after forming Elevate Renewables a year prior, with a remit to develop and install utility-scale battery energy storage systems co
Economic Analysis of Customer-side Energy Storage Considering
There are many scenarios and profit models for the application of energy storage on the customer side. With the maturity of energy storage technology and the decreasing cost, whether the energy storage on the customer side can achieve profit has become a concern. This paper puts forward an economic analysis method of energy storage
Business Models and Profitability of Energy Storage
Rapid growth of intermittent renewable power generation makes the identification of investment opportunities in energy storage and the establishment of
Equinor via East Point Energy launches Texas battery projects
Norwegian oil and gas firm Equinor has launched its first US BESS projects via the 2022 acquisition of East Point Energy, with its trading arm Danske Commodities charged with ensuring project returns. Equinor has given the go-ahead for East Point Energy to build two battery energy storage system (BESS) projects in the
The new economics of energy storage | McKinsey
Energy storage can smooth out or firm wind- and solar-farm output; that is, it can reduce the variability of power produced at a given moment. The incremental price for firming wind power can be as low as two to three cents per kilowatt-hour. Solar-power firming generally costs as much as ten cents per kilowatt-hour, because solar farms
Sungrow and Eve Energy energy storage shipments surge
Inverter and battery energy storage system (BESS) manufacturer Sungrow shipped 10.5GWh of BESS in 2023, it revealed in its annual report yesterday (25 April). The company buys third-party battery cells and assembles them into its Powertitan grid-scale BESS product. China-based companies Sungrow and Eve Energy grew their
''Highly attractive'' revenues forecast in Australia''s new Very Fast
Energy-Storage.news'' publisher Solar Media will host the 1st Energy Storage Summit Australia, on 21-22 May 2024 in Sydney, NSW. Featuring a packed programme of panels, presentations and fireside chats from industry leaders focusing on accelerating the market for energy storage across the country. For more information, go
Sweden battery storage market to grow 2-4x in 2023
March 7, 2023. A 70MW battery storage project being developed by Ingrid Capacity, set to be the largest in the country when online in H1 2024. Image: Ingrid Capacity. Some 100-200MW of grid-scale battery storage could come online in Sweden this year, local developer Ingrid Capacity told Energy-Storage.news.
Grid services key to home batteries for low-income communities
Access to grid services markets could be a critical part of enabling wider adoption of solar PV and battery storage for low-income households, partners behind a new programme in California have said. Earlier this month, California community energy non-profit group The Energy Coalition (TEC) secured financing for battery storage
Top 23 Energy Management Software Solutions for Sustainable
Smarkia. Smarkia is an advanced energy management platform, offering real-time insights to optimize energy consumption. It aggregates diverse data sources, enabling comprehensive analysis for enhanced efficiency and cost reduction. Best for: Energy consumption data.
Maoneng investment for some of Australia''s biggest battery projects
Developer Maoneng Group has received equity investment commitment that the company claims will fast track some of Australia''s biggest battery storage projects. Gaw Capital Partners, a Hong Kong-based real estate equity investment group has entered the renewable energy sector with its undisclosed investment into New South Wales
Asset Performance Management Software for Wind,
Nispera optimizes wind, solar, hydro, and storage assets from any technology provider. Nispera''s cloud-based software integrates data across asset classes and OEM technologies to streamline communications and
Energy Storage Software Revenue & Players Key Development
AMA Research has segmented the market of Global Energy Storage Software market by Type (BTM Energy Storage Software and Utility-Scale Energy Storage Software),
Year in Review: US BESS developer Key Capture Energy
Jeff Bishop, co-founder and CEO of US battery storage developer Key Capture Energy joins our series looking back at 2023 and looking ahead to 2024. The company''s business model is to develop large-scale grid-connected energy storage assets to own and operate, picking emerging markets that it sees exhibiting fundamental drivers
Optimisation of energy storage for performance and profitability
The right optimisation strategies and technologies can enable the right balance between maintaining battery health and profitability, writes Laura Laringe, CEO
Efficient Energy Storage Systems Management in Power Plants
The storage systems of energy can contribute a significant part in integration of the renewable energy resources in electrical systems. It is quite important to research methods and techniques that make power projects more profitable. In this paper managing techniques for energy efficiency are discussed along with the comprehensive study of linear
Optimization analysis of energy storage application based on
Techno-economic analysis of energy storage with wind generation was analyzed. • Revenue of energy storage includes energy arbitrage and ancillary services. • The multi-objective genetic algorithm (GA) based on roulette method was employed. • Both optimization capacity and operation strategy were simulated for maximum revenue.
Wärtsilä: Quantum 2 BESS ''combines pre-installed components with high safety standards''
Wärtsilä ES&O claims Quantum 2 (pictured) enables much faster installation while not compromising on safety or performance. Image: Wärtsilä ES&O Wärtsilä''s new Quantum 2 containerised battery energy storage system (BESS) solution is aimed at meeting
The new economics of energy storage | McKinsey
Our research shows considerable near-term potential for stationary energy storage. One reason for this is that costs are falling and could be $200 per kilowatt-hour in 2020, half today''s price, and $160 per kilowatt-hour or less in 2025. Another is that identifying the most economical projects and highest-potential customers for storage has
How to optimize battery energy storage system reliability
https://etap - This webinar demonstrates how the integration of a battery energy storage system (BESS) with ETAP Solutions improves system reliability an
Best Energy Management Software 2024
4.8. (16) Fully integrated, cloud-based energy management platform. visit website. Compare. Watchwire is a fully integrated cloud-based energy management solution for organizations monitoring and managing utility consumption, expenses, and emissions. Read more about WatchWire.
Arevon signs offtake with utility MCE for 1GWh California BESS
Renewable energy developer-operator Arevon has entered into a long-term offtake agreement for a 250MW/1,000MWh battery energy storage system (BESS) in California with community choice aggregator (CCA) MCE. The tolling agreement for the Cormorant Energy Storage Project in Daly City will see Arevon build and operate the
Stem completes solar-plus-storage project for Arizona utility
System integrator Stem Inc and developer Prometheus Power have deployed the first of three BESS projects in Arizona for utilities in the AEPCO co-operative. The 40MWh battery energy storage system (BESS) was added to an existing 20MW solar PV plant for Sulphur Springs Valley Electric Co-op (SSVEC), part of the non-profit
Optimization analysis of energy storage application based on
Energy storage can participate in peaking shaving and ancillary services. It generates revenue though electricity price arbitrage and reserve service. The
Energy storage investments can fix power grid, drive the energy
Battery storage is the most obvious medium-term solution to help immediately stabilise the grid and act as a catalyst to help enable greater penetration of intermittent renewables generation, writes Andrew Waranch, founder, CEO and president of Spearmint Energy. business models, climate crisis, decarbonisation, developer, energy
Five lessons from the storage frontline
Heeding these lessons will be important for developers, utilities and asset owners as the storage industry grow further. 1 - Controls and monitoring are essential to ensure safety and maximise value for owners. Lithium-ion is currently the battery of choice for grid-scale energy storage, and individual projects are scaling up to the tens and
Australia''s Climate Council renews calls for energy storage target
On Monday, 21 November, organisations including the national Climate Council non-profit climate communications groups will be at the Australian Parliament, making their voices heard on the subject. Australia needs its government''s support for low-carbon energy to extend to a policy target for energy storage.
Slovakia''s Fuergy raises €16 million private equity to
The Fuergy team. Image: Fuergy. Fuergy, a Slovakia-based company providing energy storage and management solutions, has raised €16 million (US$17.4 million) from local private equity firm Pro
Enabling renewable energy with battery energy storage systems
These developments are propelling the market for battery energy storage systems (BESS). Battery storage is an essential enabler of renewable-energy
Energy storage tech company Fluence to become ''unicorn'' with
The valuation of stock at US$125 million for around 12% ownership of Fluence means that, as one source close to the company pointed out, the energy storage provider has become a ''unicorn'' – aka a privately held startup worth a billion dollars or more, so-called because of the rarity of that phenomenon.
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