Quinbrook Infrastructure Partners has acquired exclusive development rights from Simec Atlantis Energy, a renewable energy provider to construct a battery energy storage system in Wales, UK. The 230 MW/460 MWh BESS project, called Project Uskmouth, will be located on the site of a former coal-fired power station.
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Mitsubishi Power, a Japanese power company, will collaborate with renewable energy developer ION Renewables to construct four battery energy storage system (BESS) projects in Ireland. Ion Renewables has signed an exclusive agreement with Mitsubishi Power Americas for the four projects, which will use Mitsubishi’s Emerald storage solutions and have a combined capacity of 185.5MW or 371MWh.
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The Green Investment Group (GIG) of Macquarie has inked a joint development agreement with Bluestone Energy, a UK-based renewable energy developer, to construct up to 2 GW of battery storage projects in the UK. Of the capacity to be developed, 970MW is currently in the initial development phase and has already received grid connection offers.
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The New York State Energy Research and Development Authority (NYSERDA) has awarded EDF Renewables North America a 1 GW solar and battery storage contract as part of its 2021 solicitation for large-scale renewable energy certificates. The Columbia Solar Energy Centre and Ridge View Solar Energy Centre, each with 350 MWac of capacity and 20 MW of co-located battery storage, are among the solar projects included in the contract.
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Agilitas Energy, a US-based energy asset developer, has raised $350 million in equity capital to construct a national renewable energy and storage platform. CarVal Investors, a global alternative investment company, managed the two-tiered investment. The funds will be used by Agilitas Energy to accelerate the development, construction, and operation of distributed and utility-scale solar photovoltaic (PV) and energy storage projects in the US.
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Kona Energy, a clean energy firm based in the UK, has received planning permission for a 200 MW battery storage project in Heysham, Lancashire. The project site is near the Walney offshore wind farm, which is one of six offshore wind farms. Once completed, Kona Energy claims that the project will be one of Europe’s largest battery storage facilities.
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Trina Storage, a German energy storage company, has teamed up with inverter manufacturer Power Electronics to deploy more than 1 GWh of battery energy storage system (BESS) projects by the end of 2023. During the Intersolar Europe 2022 event, the two companies signed a letter of intent for a partnership.
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Innergex Renewable Energy, a Canadian power company, has selected Mitsubishi Power’s Emerald Storage Solution for battery energy storage (BESS) projects in Chile’s Atacama Desert. The contracts are for Innergex’s 68 MW Salvador and 50.6 MW San Andres solar plants, which are slated to begin construction next year. The five-hour energy duration projects will cost $128.5 million in total and have a combined capacity of 85 MW/425 MWh.
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India and Italy will develop partnerships in key renewable energy sectors such as green hydrogen, biofuels, and energy storage. The decision was taken in a meeting between the Minister of External Affairs, India and his Italian counterpart. Reportedly, the discussion also covered the implementation of the India-Italy Strategic Partnership on Energy Transition, which was announced in 2021.
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Appalachian Power has issued a request for bids to develop 300 MW of solar or wind generating capacity. The projects to be developed must be least 50 MW in size and commercially operational by mid-December 2023. However, proposals with an operational date up to December 15, 2024 will be considered. The proposals may include projects with an option for a battery storage system.
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Energy storage capacity is set to ramp up at a rapid pace in the United States over the medium term. According to the US Energy Information Administration’s (EIA) latest Monthly Generators Statistics from November 2020, the country had just under 1,350MW of utility-scale battery storage capacity in operation, with LS Power’s 250MW Gateway Energy Storage System in California the largest project in operation.
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United States-based power generation developer, investor and operator NTE Energy has announced its plans to develop more than 5 GW of clean energy projects in the next five years. It is planning to develop a clean energy pipeline of 1.2 GW solar and 3.9 GW battery energy storage systems. The company expects 3 to 4 GW of these projects to come online by 2026.
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AES Clean Energy has announced the closing of the $154.2 million in non-recourse debt financing for Luna Storage, a 400 MWh standalone battery storage project in California. The project is located in the city of Lancaster in Los Angeles County in California. The fund was raised by KeyBanc Capital Markets Inc., Credit Agricole Corporate and Investment Bank, Silicon Valley Bank, and Export Development Canada. The transaction was closed by sPower, an independent power producer, which merged in January 2021 to become a part of AES Clean Energy’s business in the United States.
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Renewables investor and financier—Leyline Renewable Capital—has plans to provide financial support to Ohio-based Momentum Energy Storage Partners, which would develop up to 2 GW of battery projects across the US.
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e-Zinc, a Toronto-based energy storage innovator, has raised $2.3 million in a closed round led by BDC Capital’s Cleantech Practice. The company intends to deploy its first in-field system in May 2021 at their facility in Stratford, Ontario. This project is financially supported by Sustainable Development Technology Canada and NRCan.
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Spain-based energy group Naturgy has acquired 100% of the economic interests in Hamel Renewables, a renewable energy company specialising in solar and energy storage. This transaction marks Naturgy’s entry into the United States renewable energy market as this is its first investment here.
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The French energy giant Total and 174 Power Global, a subsidiary of Hanwha Group, formed a 50:50 joint venture to develop a 1.6 GW project in the United States, including 12 utility-scale solar arrays and energy storage devices.
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NREL’s recent report analyses different scenarios of electrification in the US and how it will impact capacity addition and operation of the grid. To meet electricity demand in high-electrification scenarios, installed capacity grows to more than double 2018 levels by 2050. Generation from low-cost renewable energy increases in all the scenarios.
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Origin Energy Limited, a leading Australian integrated energy company, has issued an Expression of Interest to select a suitably qualified firm to supply and install a large-scale battery at Eraring Power Station in New South Wales. This battery would have an overall capacity of up to 700 MW and a dispatch duration of 4 hours.
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French energy giant Engie and ndependent power producer Neoen have announced plans to develop Europe’s largest solar-plus-storage plant . The project, “Horizeo” will have a installed capacity of 1 GW and include a green hydrogen production unit, an agrivoltaic plant, and a data center. It is estimated to cost Euro 1 billion and will be managed by French energy regulator CRE.
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