Sungrow is launching in-house battery cell production for its battery energy storage system (BESS) products, part of a wider industry trend of other China-based companies doing the same.
Last week’s T-1 Capacity Market auction in the UK cleared at a slightly higher price than expected, and battery storage developers that successfully took part were the auction’s “big winners,” according to one analyst.
Trina Storage, the energy storage arm of major solar PV company Trina Solar, launched its new battery storage solution Elementa 2, to the global market at this year’s Energy Storage Summit EU.
The implications of larger projects, revenue streams of projects, and grid connection issues were discussed on a panel at the ESS EU event in London.
The panel – Where are the Commercial Opportunities for Co-Location? – was almost full to capacity on the afternoon of the first day of the Summit.
Battery energy storage systems (BESS) were awarded 655.16MW in the UK’s T-1 Capacity Market Auction for delivery year 2024/25, which cleared yesterday (20 February) after eight rounds at £35.79 (US$45.17)/kW/year.
Battery storage systems are “perhaps the most complex energy asset to optimise” from a market perspective, but the UK industry is handling those challenges.
In his opening keynote at the Energy Storage Summit 2024, Nick Winser referenced the need to scale private investment in infrastructure.
BESS were awarded 655.16MW in the T-1 Capacity Market Auction for delivery year 2024/25 which cleared yesterday (20 February) at £35.79/kW/year.
The T-1 Capacity Market Auction for delivery year 2024/25 concluded yesterday (20 February) clearing at £35.79/kW/year – 40% less than the £60/kW/year cleared in the 2023/24 auction.
