US vehicle-to-grid specialist Nuvve in partnership for Taiwan’s first bidirectional EV charging hub
US vehicle-to-grid startup Nuvve continues push into Asia market, negotiating for a project planned by Taiwan’s grid operator and utility.
Japan’s low-carbon capacity auctions ‘will have significant impact’ on business case for batteries
Energy storage projects will be eligible to take part in competitive capacity auctions for low-carbon power set to be launched this month by the Japanese government.
Philippines’ Lopez Group installing 40MW of battery storage at geothermal power plants
A renewable energy subsidiary of the Philippine conglomerate Lopez Group has contracted for the deployment of battery energy storage system (BESS) resources at three geothermal sites.
AEMO’s proposed must-run ancillary service rules ‘could harm BESS business case’
Proposed new ancillary service market rules could adversely impact business case for battery storage, Cornwall Insight Australia says.
Australia: Large-scale battery storage investments break billion-dollar barrier in Q2
More than AU$1 billion (US$0.65 billion) of financial commitments to large-scale battery energy storage system (BESS) projects were made in Australia in the second quarter of this year.
Singapore seeks solutions to land constraints and other challenges in deploying energy storage
The Singapore Energy Market Authority (EMA) is figuring out how energy storage technologies can be widely deployed in the country, overcoming constraints such as limited availability of land.
Banks need minimal merchant risk to lend for co-located renewables and storage projects in Asia
Reducing exposure to merchant risk is key to making banks comfortable with lending money for hybrid renewables-plus-storage projects.
‘Everyone should do their homework, share risks’ to handle energy storage supply chain challenges
Scaling up net zero-enabling battery storage technologies will require financiers and investors to share risks with developers, such as those over supply chain.
Australia’s Transgrid launches competitive procurement of battery services in New South Wales
Australian high voltage grid operator Transgrid will host a competitive solicitation for large-scale battery storage resources in areas of New South Wales facing increasing electricity demand.
What we learned at Energy Storage Summit Asia 2023
Energy storage’s role in enabling decarbonisation and economic growth was at the heart of discussions at Energy Storage Summit Asia 2023.
