Charles Deacon Managing Director at Eclipse Power Solutions, shares his thoughts on why less battery storage than predicted was connected to the grid in 2023/24, and what might be done about it, whether through market reform or policy changes.
Michael Shanks, Britain’s Energy Minister, has said that developers of renewable energy storage projects, such as pumped hydro, will be offered a guaranteed minimum income to spur investment in technologies that help the country meet its climate targets.
GE Vernova’s Financial Services business and Lizard Renewables from Italy have formed Alva Power, a 50-50 joint venture to support Italy in its electrification and decarbonisation goals by funding renewable energy project development.
This may at first glance make the outlook for the UK’s energy transition appear gloomy. However, the challenge posed by intermittency can be managed and the result of the UK’s heavy investment in wind power has been matched by efforts to upgrade its power network.
By Steven Hardman, CEO, Conrad Energy
Renewable electricity accounted for 65 per cent of Germany’s electricity supply in the first half of 2024, at 140 TWh, according to data from the Fraunhofer Institute for Solar Energy Systems.
Energy storage company ESS, based in Oregon, USA, has announced that it will treble production following receipt of a $50 million investment from the Export-Import Bank of the United States (EXIM) under the Make More in America initiative.
Oil and gas drillers and operators are now benefiting from energy storage solutions that have powered critical equipment in other sectors. Leveraging energy storage with a lower-carbon fuel such as gas is a field-proven way to achieve operational efficiency, enhanced performance and lower emissions simultaneously.
By Chris Berrie, Caterpillar Oil & Gas Drilling & Completions Sales Manager
Researchers at MIT in Massachusetts, USA, have developed what they claim is a means of storing electricity inside modified concrete.
Volvo Penta and Aiab Energy are strengthening their collaboration to provide integrated battery energy storage systems (BESS).
One of the most significant challenges posed by connecting more renewable energy to the grid is intermittency. Balancing the potential energy shortages or oversupply requires a flexible approach.
By Steven Hardman, CEO, Conrad Energy