Siemens Energy to deploy ‘first’ synchronous condenser-BESS hybrid project in Ireland
Siemens Energy will provide the technology for a project in Ireland combining a synchronous condenser and a battery energy storage system (BESS) of 160MWh.
World’s energy storage capacity forecast to exceed a terawatt-hour by 2030
Cumulative energy storage installations will go beyond the terawatt-hour mark globally before 2030 excluding pumped hydro, with lithium-ion batteries providing most of that capacity, according to new forecasts.
UK BESS project premiums, valuations down as revenue expectations drop
Company valuations and developer premiums for project sales have come down in the UK market amidst rising financing costs and plummeting revenues.
‘First’ synchronous condenser-BESS hybrid project to be deployed in Ireland
Siemens Energy is set to deploy the “first” synchronous condenser and a battery energy storage system (BESS) with a capacity of 160MWh for a hybrid project in Ireland.
UK BESS industry resilient despite ‘dismay’ at government going back on net zero policies
UK prime minister’s decision to delay net zero policies is disappointing, but unlikely to deter its battery storage industry.
2023 set to be ‘best year ever’ for solar installations
Record solar panel installation rates have set the UK on track for “best year ever for renewable energy” installations said Microgeneration Certification Scheme (MCS).
GridBeyond aggregates behind-the-meter energy storage to access dynamic services
GridBeyond has confirmed it will move forward with its strategy to bring distributed energy storage assets together as one resource to access to National Grid Electricity System Operator’s (ESO) suite of dynamic services.
‘Sophisticated strategies’ required as battery storage revenues drop by 71%
Following the 71% decline in average profits for Britain’s battery storage market, a new report by LCP Delta has urged investors to consider more “sophisticated strategies” to increase revenue.
Battery storage revenues drop by 71%
LCP Delta has urged investors to consider more “sophisticated strategies” as average profits for Britain’s battery storage market see a 71% decline.
‘Sophisticated strategies’ required as battery storage revenues drop by 71%
Following the 71% decline in average profits for Britain’s battery storage market, a new report by LCP Delta has urged investors to consider more “sophisticated strategies” to increase revenue.
