Minister for Industry and Science Ed Husic formally launched consultations for Australia’s first National Battery Strategy to support the transition to clean energy. Minister Husic said domestic battery industries will be buoyed by Australian know-how and domestic access to minerals to help power the move to clean energy here and around the world. “Our general […]
Energy Storage
Southeast Asia’s Largest Energy Storage System Officially Opens – EQ Mag
Commissioned in six months, the Sembcorp Energy Storage System (ESS) is Southeast Asia’s largest ESS and is the fastest in the world of its size to be deployed The utility-scale ESS will support active management of electricity supply and demand for grid stability Sembcorp Industries (Sembcorp) and the Energy Market Authority (EMA) today officially opened […]
Inside Europe’s high-tech scramble for better energy storage – EQ Mag
The future is renewable, but all that power needs to be contained A “metal sock” in the ground stuffed full of hydrogen. Vats of scorching sand. Huge weights moving very, very slowly up and down old mineshafts. Is this the future of energy? This menagerie of strange machines and heat-retaining vessels is poised to emerge […]
SMS brings online 90 MW of energy storage in UK – EQ Mag
Smart energy infrastructure group, SMS plc, has begun operating two new grid scale battery energy storage systems (BESS) that add a combined 90 MW of storage capacity to the UK’s electricity transmission network. A 50 MW project located at Brook Farm, near Ipswich, and a 40 MW site in Stairfoot, Barnsley, UK, are now fully […]
5 reasons why thermal storage may finally be set to take off – EQ Mag
As the push to decarbonize buildings gains momentum, the simple concept of using ice to reduce AC use is becoming more appealing. You don’t need a battery to store energy. A class of technologies known as thermal storage can do the job too, and it even has some potential advantages over lithium-ion batteries. The long-overlooked […]
AYPA POWER SECURES $320M CORPORATE CREDIT FACILITY – EQ Mag
AUSTIN, TX : Aypa Power (“Aypa”), a Blackstone portfolio company that develops, owns, and operates utility-scale energy storage and hybrid renewable energy projects, has closed $320 million of letter of credit and revolving credit facilities led by Banco Santander, Investec, and Nomura as Coordinating Lead Arrangers and Joint Bookrunners. The facility will support the development […]
Energy storage business is going to be phenomenal, we are excited about it: JSW Energy’s Jain – EQ Mag
We are working to have a capacity of 1,000-2,000 MW of hydroelectric power in various states in due course. In an interaction with Moneycontrol, JSW Energy’s CEO and joint managing director Prashant Jain spoke of the company’s earnings for the December quarter, apart from throwing some light on the company’s plans to scale up its […]
JSW Energy arm bags two battery energy storage system projects from SECI – EQ Mag
JSW Energy on Thursday said that its arm JSW Renew Energy Five has bagged two battery energy storage system projects totalling 500 MW/ 1,000 MW from Solar Energy Corporation of India (SECI). The company will be entitled to receive a fixed capacity charge of Rs 10.8 lakh per MW per month for twelve years, a […]
Budget 2023: Power sector proposes push for clean energy storage, transmission – EQ Mag
Not only has the power ministry been pushing for the proposed green corridor between Ladakh and Haryana to be included in the upcoming Budget, it has also proposed a provision for viability gap funding (VGF) for battery energy storage systems (BESS). If the focus of the Union Budget last year vis-à-vis the power sector was […]
Intersect Power Reaches Commercial Operation of 310 MWp Athos III Solar + Storage Project in California – EQ Mag
Oakland : Intersect Power, LLC, (“Intersect Power” or “Intersect”), announced the commercial operation of its Athos III solar project located in Riverside County, California, on December 22, 2022. The Athos III solar project was built by union labor, with American-made solar panels, batteries, and steel piles, meaning it is expected to meet the domestic content […]