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.
ASEAN regulators’ involvement with energy storage lags behind renewable energy support
Many ASEAN countries are advancing their adoption of renewable energy with the support of regulators, but the same can’t yet be said for energy storage technologies.
China’s Hithium raises US$620 million in private capital
China-based, energy storage-focused lithium-ion battery manufacturer Hithium has raised US$621 million from private investors.
South Korea offers central market contracts for 260MWh energy storage in Jeju Island tender
South Korea last week launched a competitive solicitation for large-scale energy storage systems on Jeju Island, a southern province of the country.
Suntech, Powin and Rept Battero sign up for Vena Energy’s Indonesia clean energy ‘hybrid megaproject’
Framework agreement signed between developer Vena Energy and suppliers to a cross-border clean energy ‘hybrid megaproject’ in Indonesia.
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.
‘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.
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.
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.
