Energy-Storage.news’ Post

Contemporary Amperex Technology Co., Limited (CATL) and Rolls-Royce have announced a significant collaboration to bring the TENERGY energy storage system to Europe. This partnership highlights a major step in advancing sustainable energy solutions across the continent. CATL, a global leader in lithium-ion battery development and manufacturing, and Rolls-Royce, renowned for its high-performance power systems, aim to address the increasing demand for energy storage solutions in Europe. Don't miss the most important daily news about emerging energy innovations, and new fast-growing markets. Subsribe to: 𝐈𝐁𝐂𝐄𝐍𝐓𝐑𝐄 𝐈𝐍𝐒𝐈𝐃𝐄𝐑: https://lnkd.in/geuhTh-M #tenergy #energystorage #europe #batterytechnology #powersystems #sustainableenergy https://lnkd.in/gy2rr3xd

I'm looking forward to seeing this project go live and review the results. This can be a gamer-changer for the #EnergyTransition and #Decabornization goals many #ElectricUtilities have in place. #RenewableEnergy #ElectricReliability #EnergyStorage Alliant Energy Energy Dome

OX2 has entered into a deal with energy firm Flower to offload its 42-megawatt Bredhälla energy storage facility situated in Sweden. Construction of the facility, located in the Uppvidinge municipality in Southern Sweden, commenced towards the end of 2022. The setup comprises lithium-ion batteries housed in 20 containers, boasting a collective capacity of 42.5 megawatts/42.5 megawatt-hours. The primary function of Bredhälla will be to furnish ancillary services to Svenska Kraftnät, the Swedish entity overseeing the transmission system, thereby ensuring grid stability. Moreover, it will participate in wholesale markets by engaging in energy arbitrage. Completion of the transaction is contingent upon approval from Swedish authorities and Svenska Kraftnät, with the expected closure slated for the second quarter of 2024. Upon activation, OX2 will undertake the technical and commercial management of the facility for a ten-year period. Click the link below for the full story and follow us for daily mandates & news. #renewables #battery #batterystorage

Batteries are quickly maturing in our electricity market. It seems remarkable, given that it is less than seven years since the world’s first really big battery – the so-called Tesla big battery at Hornsdale – was built, that the capacity of battery storage around the world is expected to soon overtake that of the much more established pumped hydro technology. The milestone – which is expected to occur in 2025 – is notable because it shows the battery storage technology, which is often derided as an immature technology, is anything but, and is showing exponential growth. “BESS (battery energy storage systems) is now arguably just as mature and bankable asset class as PHES (pumped hydro), which has long been considered an energy storage gold standard of maturity.” https://lnkd.in/gm2-abB6

Many thanks to Emma Penrod for the following article on Utility Dive.   Alliant Energy, in collaboration with Energy Dome, is making waves in the energy storage landscape with its Columbia Energy Storage Project, utilizing our very own cutting-edge CO2 Battery technology. This project has been backed by a strong coalition of partners and federal funding, and it will enhance grid reliability and accelerate the clean energy transition in the United States. Our CO2 Battery is a compelling alternative to lithium-ion storage, with potential cost advantages at scale, and Alliant Energy's commitment to this technology underscores the growing importance of long-duration energy storage in addressing the challenges of decarbonization and grid resilience. If you’d like to know more, you can read about it here: https://lnkd.in/dKQa66ag   #EnergyDome #OurWorldCantWait #sustainability #longdurationenergystorage #innovation #CO2Battery #decarbonization #LDES #renewables

🔍 Latest Updates from Taipower Company(台電) 📢 📆 Meeting at 2/6, 14:00 (UTC+8) Join the online briefing on the current status of energy storage integration and participation in the E-dReg program. No registration required! Valuable insights for industry players. 📈 Power Grid Stability Achievements in January: CPS1 performance for January hits an impressive 115.24%, reflecting the stability of the power grid. 🔄 Transitioning to E-dReg: Clear guidance provided on 1/30 for the transition of grid-connected energy storage devices from dReg to E-dReg. Check out the new document explaining the execution of energy transfer rate settings for a smooth transition. 📋 Regulatory Adjustment: Taiwan Power Company revises regulations effective immediately, reducing E-dReg capacity to 1MW/2.5MWh. This adjustment supports industry players in transitioning seamlessly. 📊 Market Insights: 1️⃣ "Frequency Regulation Services": Average settlement price drops to 0元/MWh, with a cumulative participation capacity of 668.4MW. 2️⃣ "E-dReg": Maintains a robust average settlement price of 600元/MWh, with a total participation capacity of 116MW. No new qualified traders or capacity additions reported this week. Stay informed and engaged in the evolving energy landscape! 💡 #Taipower #EnergyMarket #RenewableEnergy #PowerGrid #MarketTrends

The latest advancements in #grid technology indicate that medium-voltage silicon carbide converters can significantly aid in integrating more renewable #energy into the U.S. grid. These converters, developed by experts from NREL and other institutions, are designed to improve the flexibility and reliability of #power distribution. They allow for better management of renewable resources like #solar and #wind energy. This innovation promises a more resilient and adaptable energy grid, paving the way for a cleaner and more sustainable future. Utilities One Power, Oil & Gas is committed to supporting such innovative solutions to enhance our grid's capacity and ensure a stable energy future. #RenewableEnergy #GridInnovation #SustainableFuture

Via ESN: " Differing Q2s for Eos and Energy Vault on long road to scale and profitability: Energy storage technology firms Eos and Energy Vault have both released their Q2 results, with contrasting figures but both still having a long way to go to scale up and reach profitability. " #EnergyStorage #Energy #BatteryStorage

Zero degradation for the first 5 years claims CATL, of their latest grid-scale BESS Lithium-ion battery. https://lnkd.in/evs4szfG #energy #utilities #energystorage #batterystorage #BESS #lithiumionbatteries

The market has shifted. Batteries are now dominant. Battery storage is now confirmed as the dominant player in the provision of key services to the grid, as batteries and demand management nudge out fossil fuel generators from one of the more lucrative sections of the electricity market. The lates Quarterly Energy Dynamics report from the Australian Energy Market Operator reveals that batteries took a 50 per cent share in the frequency and ancillary services (FCAS) market in the December quarter, up from 38 per cent a year earlier and zero before the first big battery at Hornsdale was connected in late 2017. Part of the reason is the speed and versatility of battery storage, and the latest boost also comes from the creation of a new market – the vary fast FCAS Service that was introduced last year, where batteries, demand management and virtual power plants (linked smaller batteries) are the only technologies quick and smart enough to respond competitively. https://lnkd.in/gSX9MeAT