The Spanish ministry for the ecological transition has awarded around EUR 28 million (USD 30.7m) in state aid to incentivise the installation of renewables and energy storage systems in the Balearic Islands. The funding will be distributed through the ministry’s implementing agency, the Institute for Diversification and Energy Saving (IDAE), which selected 15 projects in […]
NSW to open next renewables, storage tender – EQ Mag
New South Wales will launch its second gigawatt-scale tender for renewable energy generation and long-duration storage capacity in the coming week, electricity and gas systems manager AEMO Services announced in line with the Aussie state’s wider energy transition plan. Monday, May 22, has been set as the opening date for the tender, the unit of […]
R K Singh asks officials to focus on storage of surplus energy
Power Minister R K Singh on Thursday requested senior authorities officials to focus on the storage of surplus energy within the nation. “R K Singh, Union Minister of Power and New & Renewable Energy, chaired a digital assembly immediately (Thursday) with senior officials from central authorities, central PSUs, renewable energy builders, PSP builders and battery […]
Long-Duration Storage Startups Malta And Energy Vault Partner With Siemens Energy, Enel Green Power
Two startups seeking to disrupt the energy sector with novel long-duration energy storage technologies have formed partnerships with established industry players. A giant carousel of energy storage tech. Malta Inc, a developer of a ‘pumped-heat energy storage’ (PHES) technology which the company claims can provide large-scale energy storage for up to 200 hours, has partnered […]
Saudi Aramco Energy Ventures Invests in Renewable Energy Storage Company
Energy Vault, a creator of renewable energy storage products, announced new investment from Saudi Aramco Energy Ventures (SAEV), the strategic technology venturing program of Aramco. Swiss-based, global energy storage company specialising in gravity and kinetic energy based, long-duration energy storage products, Energy Vault, announced a new investment from Saudi Aramco Energy Ventures (SAEV), Aramco’s enterprise […]
Scatec Awarded 540 MW Solar Plant With Storage in a Government Tender in South Africa
Oslo : Scatec has today been awarded Preferred Bidder status on three projects totaling 150MW (3x50MW) of Contracted Capacity, by the Department of Mineral Resources and Energy in South Africa under the technology agnostic Risk Mitigation Power Procurement Programme (RMIPPP). The tariffs awarded to the projects fall within the range of the previously awarded preferred […]
RES Offloads 80 MW Storage to Gore Street
Construction-ready energy storage project in Milton Keynes in England is slated to go live by Q1 2023 RES has completed the sale of an 80MW energy storage project in the UK to Gore Street. The construction-ready energy storage project is located in Milton Keynes, England and has an expected total capital expenditure of £30m spread […]
SEACEF invests in Vietnam solar and storage project
Facility seeks to address looming power shortage in the Southeast Asian nation in a sustainable manner. The South East Asia Clean Energy Facility (SEACEF), a collaboration of international foundations seeking to accelerate the low-carbon transition in Southeast Asia, has invested at the development phase of a floating solar and storage project in Dong Nai province […]
Construction to Begin on World’s Largest Liquid-Air Energy Storage Project
Construction is underway on a 50 MW liquid-air energy storage facility – with a minimum of 250MWh – located in Greater Manchester, UK. Once complete, the “CRYOBattery” facility will be the largest of its kind in the world. Highview Power, an energy storage company, has partnered with MAN Energy Solutions to provide its LAES turbomachinery […]
RWE Renewables’ first battery storage project in Europe completed in Ireland
RWE Renewables’ first European battery energy storage system (BESS) – an 8.5MWh project – has gone live in Dublin, Ireland. The battery is set to provide balancing services to the Irish grid to help it integrate increased renewable energy, with a target of 70% of electricity demand to be met by renewables by 2030. Located […]