Energy storage news Gibraltar

Spain increases energy storage target in NECP to 22.5GW by 2030

An ambitious target for the country where energy storage has yet to soar—due to a lack of regulation for the technology—at a similar level to solar PV. In the past 12 months, the country has launched and awarded several auctions for energy storage, including its first tender for energy storage to be co-located with renewable power. Through

New Energy Division headed by industry veteran

The energy storage portion of the project is 1.2GWh and will be co-located with a solar plant. The energy storage containers will begin shipping in 2023, with commercial operation expected in 2024. "This project will help position Microvast as a leader in the utility-scale energy storage market while reducing carbon emissions and assisting

European Commission approves support for ''at least

A panel discussion on the Polish market at the recent Energy Storage Summit CEE in Warsaw. Image: Solar Media . The European Commission (EC) has approved a €1.2 billion (US$1.32 billion) state aid

Off Grid Archives

Energy-Storage.news hears from the CEO of American Energy Storage Innovations (AESI), about its BESS technology, battery cell strategy, manufacturing in East Asia and the "shocking" price of manufacturing in the US and buying US-made cells. Flow battery player Invinity claims new product can enable ''solar baseload'' for the grid

Interviews Archives

Energy-Storage.news hears from the CEO of American Energy Storage Innovations (AESI), about its BESS technology, battery cell strategy, manufacturing in East Asia and the "shocking" price of manufacturing in the US and buying US-made cells. Premium.

Plans filed for power station battery project to improve

Plans have been filed with the Development and Planning Commission for a battery energy storage station [BESS] at the North Mole power station that will provide resilience to Gibraltar''s electricity supply and reduce

US & Canada Archives

Clean energy loan and grant activity from the US Department of Energy (DOE) and its Loan Programs Office (LPO) has soared around the election of Donald Trump, analysis by Energy-Storage.news shows, with officials reportedly keen to get deals over the line before the new administration comes in.

australia Archives

Australia''s Queensland government is set for crunch talks with Queensland Hydro to "save" the 2GW/48GWh Borumba pumped hydro energy storage (PHES) project, with its cost having increased to AU$18 billion (US$11.5 billion) and been delayed by three years.

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Bulgaria and Romania grant Recovery and

Also using the Recovery and Resilience facility, the Ministry of Energy of Romania has awarded grants to a handful of energy storage projects. Minister of Energy Sebastian Burduja yesterday (4 November) signed off some €30 million of support for five battery energy storage system (BESS) projects totalling 791.48MWh. They are:

Leading the charge: the crucial role of battery energy storage on

Harmony Energy''s 99MW/198MWh Bumpers project in southern England, UK. Image: Harmony Energy Income Trust. The UK''s battery storage industry has grown rapidly, but more must be done for the technology to make a vital contribution to net zero targets, writes Peter Kavanagh, CEO of UK BESS developer Harmony Energy.

Ireland launches consultation on energy storage

Energy-Storage.news'' publisher Solar Media will host the 8th annual Energy Storage Summit EU in London, 22-23 February 2023. This year it is moving to a larger venue, bringing together Europe''s leading investors,

Leading the charge: the crucial role of battery energy

Harmony Energy''s 99MW/198MWh Bumpers project in southern England, UK. Image: Harmony Energy Income Trust. The UK''s battery storage industry has grown rapidly, but more must be done for the technology to make

HMGoG secures further energy resilience with agreement for new

This is a significant investment which will provide a greener, more resilient future for Gibraltar. It is important to understand, however, that the new Battery will not be able to

Political uncertainty over tariffs prompts renegotiation

Energy-Storage.news will follow up to report the outcome of those meetings in due course. CC Power selected a second 8-hour duration lithium-ion BESS project for a contract in March 2022, a 50MW/400MWh

Southeast Asia Archives

A consortium of development finance institutions led by the Asian Development Bank (ADB) and IPP Gulf Energy have signed a US$820 million loan agreement for a solar and storage portfolio in Thailand. BYD launches sodium-ion grid-scale BESS product

Tesla''s energy storage business ''growing like wildfire'', Musk says

The company shipped 6.9GWh of battery storage, including its Megapack utility-scale battery energy storage system (BESS) and Powerwall residential units in the quarter. This was about 30% less than the all-time-high 9.4GWh it reported for the second quarter of this year but a 75% increase year-on-year from Q3 2023''s 4GWh.

Solarcentury Africa achieves financial close on a 14

Solarcentury Africa, His Majesty''s Government of Gibraltar and the Gibraltar Electricity Authority have entered into a build, own, operate and transfer agreement for a 14 MWh (AC) battery energy storage system to be

EU approves €180m for 1.2GWh energy storage rollout in Lithuania

The EU recently approved €1.2 billion for energy storage Poland under the TCTF, as covered by Energy-Storage.news, and in mid-2023 approved amounts under the TCTF in Hungary and Slovenia. Panelists at this year''s Energy Storage Summit Central and Eastern Europe (CEE) in September described Hungary''s scheme as one of the most advanced in

G7 nations set 1500GW global energy storage target

The 1500GW target is double what BloombergNEF has forecast is scheduled to be online based on current deployment pipelines, as reported by Energy-Storage.news this week. Energy-Storage.news'' publisher Solar Media

New York proposes grid-scale energy storage tenders

Those goals were set as part of New York State''s Climate Leadership and Community Protection Act legislation. As reported by Energy-Storage.news on 22 December, the New York Climate Action Council

LDES Council proposes ''seven enablers'' to

The LDES council said it also supports this storage goal. For many, energy storage is synonymous with lithium-ion (Li-ion) batteries—which represent the biggest share of new additions today—or pumped hydro—representing most of

BESS dominate new wins in capacity markets in Italy and Belgium

That is for both the Y-4 auction, for delivery in 2028-2029, and the first Y-1 auction, for delivery in 2025-2026. Some 13 new large-scale projects were selected, including from utility and independent power producer (IPP) Engie and developer-operators Storm and Giga Storage brings the total BESS awarded CRM contracts to-date to 1.1GW, Aurora added.

Solar Pro.