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POWER Magazine•2 months ago

Google Has Deal with NextEra to Restart Duane Arnold Nuclear Plant

•Google has signed a 25-year Power Purchase Agreement (PPA) with NextEra Energy to secure power from the Duane Arnold nuclear plant.
•This long-term PPA underpins NextEra's plan to restart the Duane Arnold nuclear plant, which was previously retired.
•The deal signifies a major technology company's commitment to securing firm, carbon-free power directly from a nuclear asset.

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Energy Storage News•2 months ago

UAE: Masdar begins work on ‘world-largest’ solar-plus-storage project with 19GWh BESS

•Masdar has commenced construction on what is described as the 'world's largest' solar-plus-storage project in Abu Dhabi, featuring an unprecedented 19GWh Battery Energy Storage System (BESS).
•This project sets a new global benchmark for the scale of integrated solar and battery energy storage, signaling a trend towards gigawatt-hour scale BESS deployments that can provide massive grid stability and firming capacity.
•For large power consumers, this scale of BESS integration implies significantly enhanced reliability and availability of renewable energy, potentially leading to more competitive and stable green power Purchase Power Agreements (PPAs).

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Energy Storage News•2 months ago

‘Significantly more complex than expected’: Redearth’s Australian vehicle-to-grid launch

•RedEarth has delayed the launch of Australia's first locally manufactured vehicle-to-grid (V2G) charger, citing unexpected complexity.
•The delay signals significant technical and/or regulatory challenges in bringing novel V2G technology to market, impacting deployment timelines for developers and large power consumers.
•This project, while delayed, represents an early-stage effort in V2G integration, offering insights into the practical hurdles of deploying such systems at scale.

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Energy Storage News•2 months ago

Australia’s Cheaper Home Batteries Program reaches 2GWh of storage capacity

•Australia's 'Cheaper Home Batteries Program' has achieved over 100,000 installations, deploying 2GWh of subsidized distributed energy storage capacity for households and small businesses.
•This significant deployment signals strong government policy support for behind-the-meter storage, creating a robust market for battery OEMs and installers.
•The 2GWh of distributed capacity represents a growing pool of flexible resources that can be aggregated into Virtual Power Plants (VPPs), impacting peak demand, grid stability, and creating new revenue streams for developers and IPPs.

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Energy Storage News•2 months ago

California utility renegotiates purchase agreement with RWE for 476MWh BESS after regulator rejects initial proposal

•San Diego Gas & Electric (SDG&E) is seeking regulatory approval to acquire an operational 476MWh Battery Energy Storage System (BESS) in Imperial County from RWE.
•This acquisition follows a renegotiation of the purchase agreement after the initial proposal was rejected by regulators, indicating heightened scrutiny on BESS project economics and PPA terms.
•The transaction involves an operational asset, suggesting a potential trend towards utilities acquiring existing storage capacity, which could impact new development opportunities and market dynamics.

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Energy Storage News•2 months ago

South Korean government investment in US BESS developer ‘reflects shared commitment to reliable, affordable power’

•US BESS developer Peregrine Energy Solutions secured US$130 million in investment, notably including capital from the South Korean Ministry of Environment.
•This significant international funding signals strong confidence in the growth and profitability of the US battery energy storage market for developers.
•Increased capital for BESS developers will likely accelerate the deployment of storage projects, enhancing grid reliability and potentially stabilizing energy prices for large power consumers.

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Energy Storage News•2 months ago

Samsung C&T proposes 200MW grid-scale battery storage system in Queensland, Australia

•Samsung C&T is proposing a 200MW grid-scale Battery Energy Storage System (BESS) near Townsville, Queensland, seeking federal approval.
•This significant BESS project will add substantial grid flexibility and ancillary service capacity to the Queensland market, potentially influencing wholesale energy prices and stability.
•The announcement signifies continued large-scale energy storage development by a major international player in Australia, indicating ongoing investment in grid modernization and new market opportunities for developers.

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Energy Storage News•2 months ago

Raffeisen pension fund joins EBRD, EU on large-scale Croatia BESS and VPP investment

•A €16 million (US$18.5 million) project in Croatia will combine large-scale Battery Energy Storage Systems (BESS) with a Virtual Power Plant (VPP).
•The investment is backed by a diverse consortium including a Raffeisen pension fund, the European Bank for Reconstruction and Development (EBRD), and the EU Modernisation Fund, signaling strong institutional confidence in hybrid energy solutions.
•This project highlights the increasing financial viability and market maturity for grid-scale battery storage and VPPs, offering developers a model for securing diverse funding.

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Energy Storage News•2 months ago

California BESS legislation update: Fire safety bill becomes law, permitting restrictions do not

•California has enacted new fire safety legislation for Battery Energy Storage Systems (BESS), which will introduce new compliance requirements and potential cost considerations for developers and IPPs.
•Proposals for additional permitting restrictions on BESS projects in California did not pass into law, which is a favorable outcome for developers, indicating continued relative ease of project approval.
•The legislative session's outcome presents a mixed regulatory environment for BESS in California: increased safety oversight balanced by the absence of new permitting hurdles, impacting project timelines and costs for developers and large power consumers.

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Energy Storage News•2 months ago

Philippines ‘entering an era where energy storage is indispensable’, says solar pioneer

•The Philippines is at a crucial turning point, recognizing energy storage as indispensable for its grid, driven by increasing renewable energy integration.
•This shift signals a rapidly expanding market for energy storage projects, presenting significant development and investment opportunities for IPPs and developers.
•Policy and regulatory frameworks are likely evolving to support and incentivize large-scale energy storage deployment, creating a more favorable environment for new projects.

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Energy Storage News•2 months ago

ARENA funds world-first ‘inverterless’ battery storage tech from Australian startup Relectrify

•Australian startup Relectrify secured AU$25 million from ARENA to develop its 'world-first' inverterless battery energy storage system (BESS).
•This novel technology aims to eliminate traditional inverters, potentially reducing BESS capital costs, improving system efficiency, and simplifying deployment.
•The innovation could lead to more cost-effective and scalable battery storage solutions, enhancing project economics for developers and offering cheaper, more reliable power options for large power consumers.

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Energy Storage News•2 months ago

US battery storage financing ‘has become more challenging’

•US battery energy storage system (BESS) project financing has become more challenging, according to industry experts.
•This trend likely translates to higher capital costs and increased risk for BESS projects, potentially impacting project viability and PPA pricing for developers.
•Large power consumers seeking BESS solutions or stable PPA rates may face longer development timelines and less favorable terms due to financing hurdles.

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Energy Storage News•2 months ago

‘Developers don’t want geopolitical risks’: Fluence talks up US domestic content strategy

•Fluence, a major energy storage OEM, is emphasizing a US domestic content strategy to help developers mitigate geopolitical supply chain risks.
•This strategy aims to provide greater supply chain stability and potentially cost predictability for energy storage projects, driven by developer demand and policy incentives.
•Developers and IPPs are increasingly prioritizing domestic sourcing to de-risk projects, meet policy requirements (e.g., IRA), and secure financing advantages.

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Energy Storage News•2 months ago

US thermal energy storage startup Rondo deploys 100MWh industrial ‘Heat Battery’

•Rondo has deployed a 100 MWh industrial 'Heat Battery' in California, claimed to be the world's largest, offering a new solution for industrial process heat.
•This technology provides large industrial consumers a pathway to decarbonize their operations by replacing fossil fuels with renewable-powered thermal energy, potentially stabilizing energy costs.
•For renewable energy developers, it creates a significant new demand for clean electricity, opening up opportunities for Power Purchase Agreements (PPAs) focused on industrial heat applications.

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Energy Storage News•2 months ago

South Australia launches first capacity tender for 700MW of long-duration energy storage

•South Australia has initiated its first Firm Energy Reliability Mechanism (FERM) tender, targeting 700MW of long-duration energy storage (LDES) capacity.
•This new policy mechanism creates a significant market opportunity for LDES developers to secure capacity contracts and contribute to grid stability.
•The tender aims to enhance grid reliability and facilitate the integration of intermittent renewable energy sources, benefiting large power consumers with more stable supply.

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Energy Storage News•2 months ago

Ameresco, Alliant Energy, begin operating record-breaking BESS projects in Arizona, Wisconsin

•Ameresco has commissioned Arizona's largest behind-the-meter (BTM) BESS, while Alliant Energy has brought Wisconsin's largest BESS online, marking significant regional milestones.
•The Arizona BTM BESS demonstrates increasing opportunities for large power consumers and developers to implement on-site storage for demand charge management, resilience, and energy cost optimization.
•These projects signify the accelerating deployment and growing scale of battery energy storage across diverse market segments, indicating a maturing market for BESS developers and new grid service opportunities.

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