Masdar, a state-owned energy company in the Emiratis, has expanded its footprint in the UK by acquiring Arlington Energy, a company that develops battery energy storage systems (BESS). Arlington Energy, a London-based company, specialises in developing, operating, and financing flexible energy solutions.
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The AES Corporation has dedicated its Luna Battery Storage (100 MW, 400 MWh) and Lancaster Area Battery Storage (127 MW, 508 MWh) facilities in Lancaster, California. In August and September of 2022, respectively, the battery storage facilities were completed and effectively implemented.
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Equinor, a Norwegian energy company, has reached a final investment decision for its Blandford Road battery storage project in the UK. Blandford Road, located in Dorset, is a 25MW/50MWh battery storage facility and the first to be built as part of a strategic partnership between Equinor and Noriker Power.
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Intersect Power, a renewable energy company based in the US, has secured $2.4 billion in financing commitments for four solar photovoltaic (PV) energy projects and a battery energy storage system (BESS) portfolio. The combined capacity of the four solar PV projects will be 1.5 GWdc, while the combined capacity of the BESS projects will be 1 GWh.
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Neoen Australia, a producer of renewable energy, has submitted planning documents for the construction of a stand-alone 1 GW / 4 GWh battery energy storage system (BESS) near Collie, Western Australia. Reportedly, the big battery would be constructed on a 31-hectare location 12 km to the northeast of Collie and 215 km to the southeast of Perth.
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Akaysha Energy, an Australian company with more than 1 GW of energy storage capacity in its portfolio, has been acquired by US investment giant BlackRock. No financial details of the deal have been disclosed. BlackRock has committed to investing more than $700 million to assist the development of battery storage assets in Australia. The transaction was carried out through the company’s Climate Infrastructure business.
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Equinor, a Norwegian energy company, has agreed to purchase a 100 per cent stake in East Point Energy, a developer of battery storage in the US. East Point Energy, based in Charlottesville, Virginia, is developing 4.1 GW of battery storage facilities throughout the US East Coast. Beyond its current pipeline, the privately owned company has found additional growth potential.
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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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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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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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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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AES Corporation, based in the US, has signed two power purchase agreements (PPAs) with Amazon to supply 450 MW of clean energy to power its data centre operations in California. AES Corporation’s portfolio of projects will deliver clean energy to the California Independent System Operator (CAISO) market with 450 MW of solar and 225 MW of four-hour duration battery energy storage.
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Australian energy utility, AGL, has received approval to build a 500 MW battery, with up to four hours of storage. The proposal has been approved by the state Department of Planning and Environment. The grid-scale lithium-ion battery energy storage system will be based at the site of the soon-to-be-closed Liddell power plant near Muswellbrook in the Hunter Valley.
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A consortium of developers led by ACWA Power has secured financing for the massive Red Sea tourism project, on the west coast of Saudi Arabia, which is set to feature a 320 MW solar array and a 1.3 GWh off-grid battery. The project has reached financial close securing a $1.3 billion debt facility. The $1.302 billion senior debt facilities have been secured by ACWA Power, SPIC Huanghe Hydropower Development Company, and Saudi Tabreed Cooling Company.
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While the use of energy storage in national networks is not new, energy storage, and in particular battery storage, has emerged in recent years as a key piece in this puzzle. This report by Baker McKenzie discusses the energy storage sector, with a focus on grid-scale battery storage projects and the status of energy storage in a number of key countries.
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Reliance New Energy Solar Limited (RNESL), a wholly-owned subsidiary of Reliance Industries Limited (RIL), has entered into a definitive agreement to acquire Faradion Limited’s entire shareholding for £100 million. RNESL will deploy Faradion’s technology for its projected fully integrated energy storage gigafactory in Jamnagar, western India, as part of the Dhirubhai Ambani Green Energy Giga Complex project.
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This report is intended to be a comprehensive and accessible overview of the current state of battery research, industry, talent, and policy. Produced by Volta Foundation in collaboration with Intercalation, this report was generated as a community effort by a team of 40 experts from 34 organizations.
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San Miguel Corporation (SMC), a Philippines-based brewing-to-energy conglomerate, has announced that it will begin operating an initial 690 MW of battery storage facility early this year. In 2021-22, the company expects to complete 31 energy storage systems with a total capacity of 1 GW. Also, SMC aims to focus on solar and hydroelectric power plants.
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Tag Energy has taken a 100 per cent share in the Lakeside battery energy storage system (BESS) project which has a capacity of 99.9 MW. This is Tag Energy’s fifth investment in the UK this year. The BESS was purchased for around £65 million from RES, and Tag Energy also purchased the 50 MW Roaring Hill Energy Storage Project from RES in October 2021.
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Iberdrola is building the world’s first wind storage battery in Biscay, which is expected to be operational in January 2022. The project is coming up at the Abadino TS, where the power from the 6MW Oiz wind farm is evacuated. It will have a guaranteed storage capacity of 3.5 MWh, and installation will be handled by Ingeteam.
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