Energy storage electrical industry news

Which battery energy storage projects have been successful in Western Australia?

2.6GWh of utility-scale battery energy storage projects have been successful in Western Australia’s first Capacity Investment Scheme tender. Energy storage developer Energy Vault is set to fully acquire the 125MW/1GWh Stoney Creek battery energy storage system (BESS) in New South Wales, Australia, from Enervest Group.

Is China a leader in battery energy storage?

China has been an undisputed leader in the battery energy storage system deployment by a far margin. The nation more than quadrupled its battery fleet last year, which helped it surpass its 2025 target of 30 GW of operational capacity two years early.

Are battery energy storage systems a viable option?

The renewables growth is posing growing challenges to the grid, and some provincial governments have already upped their mandatory ratios for energy storage projects to 20%, up from 10% a couple of years ago. However, as the electricity market continues to evolve, standalone battery energy storage systems are emerging as the preferred option.

Are energy storage systems vulnerable to cyberthreats?

Energy storage vulnerability to cyberthreats A recent webinar by US national nonprofit Clean Energy States Alliance (CESA) highlighted the cybersecurity risks faced by energy storage systems and laid out best practice to ensure they remain secure.

Is energy storage a good idea for small businesses?

On a smaller scale, energy storage is unlocking new economic opportunities for small businesses. By integrating renewable power with agriculture, individuals can store and supply excess energy, enhancing national grid resilience and diversity while generating profit. China has been a global leader in renewable energy for a decade.

Which battery energy storage companies won 6 GWh Bess tender?

China’s Huadian announces winners in 6 GWh BESS tender with average bid at $65/kWh The procurement exercise has attracted 67 battery energy storage companies but only six have emerged as winners. The average bid stood at CNY 0.473/Wh ($65/kWh). Europe’s grid-scale battery storage market is evolving at lightning speed.