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Battery-storage costs must drop by 15 pc per yr for India to avoid adding new coal capacity Report – EQ
In Short : A report suggests that for India to avoid adding new coal capacity, the costs of battery storage must decrease by 15% annually. This reduction is essential to make renewable energy sources more competitive with coal, ensuring a sustainable energy transition. Without such a drop, reliance on coal may persist, hindering India’s clean […]
Greece to award 400 MW in inaugural battery storage tender – EQ Mag
Greece’s delayed maiden tender for standalone battery energy storage capacity will offer 400 MW and will commence by June 15, Energypress reported on Tuesday, citing unnamed sources. The competition will allocate some EUR 200 million (USD 215m) in funding from Greece’s Recovery and Resilience Facility. With bids planned to be accepted by early July, the […]
India, China to outpace other APAC countries in battery storage – EQ Mag
India and China to focus on Pumped Storage projects based on the cost competitiveness of solar and wind power with battery storage The world’s top energy guzzlers — India and China — will increase the use of pumped storage solutions in their power mix compared to other Asia-Pacific (APAC) countries such as Japan. “We expect […]
Coal-fired projects back on, mega lithium battery storage push in new power policy blueprint – EQ Mag
The renewable energy thrust of the last ten years also means a projected battery storage requirement in 2031-32 of between 51 GW to 84GW and assumes a daily usage rate of 5-hours. A new blueprint for the country’s power sector planners – the National Electricity Plan for 2022-27 – marks a discernible reversal in the […]
Greece’s maiden battery storage tender delayed – report – EQ Mag
The launch of Greece’s first tender for battery energy storage capacity has been pushed back to the second quarter and is expected to take place in late June, Energypress reports. The competition will be the first of two rounds through which the state will seek to allocate some EUR 200 million (USD 219m) in funding […]
S Africa issues RfP for 513 MW of battery storage – EQ Mag
South Africa’s Department of Mineral Resource and Energy (DMRE) is seeking to award five battery energy storage projects totalling 513 MW in a tender to be open until the start of July. DMRE last week launched a request for proposals (RFP) that invites bids under the Battery Energy Storage Capacity Bid Window of the country’s […]
UK’s T-1 Capacity Auction awards 627 MW of battery storage – EQ Mag
Battery energy storage projects totalling 627.4 MW have secured contracts in the UK’s 2023-24 Capacity Market auction, representing an increase of more than 60% compared to the previous round, the National Grid Electricity System Operator (NGESO) announced last week. The T-1 Auction was concluded on February 14 with the goal to ensure that the country […]
Opportunity for battery storage ‘as big as it has ever been’ in Europe – EQ Mag
Healthy arbitrage opportunities to continue 44.6 GW European storage forecast by 2030 Purchasing power challenge versus EVs Battery storage players in Europe are experiencing both the best of times and the worst of times. The ongoing volatility in the European power market makes the case for grid-scale batteries like never before, but persistent supply constraints […]
Govt to Invite Bids For Battery Storage, Green Hydrogen, Ammonia Projects: RK Singh – EQ Mag Pro
The next round of bids will be under the PLI scheme for grid level, says Minister The government will invite bids for battery storage projects from players looking to invest in the renewable energy sector, Union Minister RK Singh said on Wednesday. Bids will also be invited for green hydrogen and green ammonia projects, the […]