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A roundup of energy storage news from across the EU, involving Polar Night Energy''s ''Sand Battery'' in Finland, GazelEnergie and Q Energy in France, and Spain''s MITECO awarding

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Market reacts to falling BESS prices

We heard from system integrator, developer and EPC delegates at the Energy Storage Summit EU in London last month about the implications of falling BESS prices. As

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Field Analysis: £920 million annual cost of ''curtailment'' could be cut

Cost of curtailment could be cut by 80% through more efficient use of technologies such as battery storage to unlock capacity on the existing transmission network

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IN BRIEF: Gresham House Energy Storage Fund announces

Gresham House Energy Storage Fund PLC - fund which invests for income from utility-scale battery energy storage systems - Announces start of share buyback programme

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New scheme to attract investment in renewable energy storage

Analysis has found that deploying 20 GW of LDES could save the electricity system £24 billion between 2025 and 2050, reducing household energy bills as additional

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UK shows international leadership in tackling climate crisis

UK government announces new climate goals at COP29, including reducing emissions by 81% by 2035, as Prime Minister calls on other countries to bring forward

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Bord Gáis Energy announces price cuts for over 600,000 customers

Bord Gáis Energy cuts gas and electricity prices and standing charges by 15.5% for over 600,000 customers. Cuts of 15.5% confirmed in gas and electricity unit rates. 15.5%

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Energy storage costs

With the growth in electric vehicle sales, battery storage costs have fallen rapidly due to economies of scale and technology improvements. With the falling costs of solar PV and wind

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Varta announces restructuring, delisting plans

Varta announces restructuring, delisting plans. In the course of the StaRUG procedure, a debt cut is a possible way out. This is an agreement between the debtor and its

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Energy storage 2023: biggest projects, financings, offtake deals

A roundup of the biggest projects, financing and offtake deals in the energy storage sector that we have reported on this year. It''s been a positive year for energy storage

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Energia''s Latest Price Update: Stay Informed | Energia

26 January 2024 . Energia announces home energy price reduction. Energia will reduce home energy prices, effective from 01 March 2024. The decision to reduce home energy prices is

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Energy storage 2023: biggest projects, financings,

A roundup of the biggest projects, financing and offtake deals in the energy storage sector that we have reported on this year. It''s been a positive year for energy storage in 2023, with new markets opening up and

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SolarEdge to shut energy-storage unit, cut 12% of jobs | Reuters

The company said it would focus more on its core solar activities and expects to offset the charges through the sale of assets at its energy-storage unit, including the

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The Turning Tide of Energy Storage: A Global Opportunity and

This report comes to you at the turning of the tide for energy storage: after two years of rising prices and supply chain disruptions, the energy storage industry is starting to see price

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Significant cut in energy storage tariffs at next auction

The tariff cut, whose extent is expected to be clarified this week, through a ministerial decision, will enable officials to offer a greater capacity through the second auction.

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Energy price war: Electric Ireland announces new price cuts

Electric Ireland, the country''s largest energy supplier, has this morning announced its second price reduction for over 1.1 million people.

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This is how much consumers will save as major energy

This is how much Irish consumers will save as energy provider announces price cut. Liam De Brun. 05/09/2024. The country''s largest energy supplier has announced further price cuts in a major boost to families in

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US presidential election ''24 and energy storage: Industry views

A few years ago, energy storage began qualifying for investment tax credit (ITC) incentives if paired with renewables, and the IRA unlocked standalone storage ITCs from

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Department of Energy

WASHINGTON - U.S. Secretary of Energy Jennifer M. Granholm today announced the U.S. Department of Energy (DOE)''s new goal to reduce the cost of grid-scale,

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Cut Operational Costs With Energy Storage

Pivot Energy is a renewable energy provider and independent power producer that develops, finances, builds, owns, and manages solar and energy storage projects. Pivot leverages its renewable expertise to provide a range of unique

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SolarEdge announces closure of its energy storage division

From ESS News. SolarEdge has announced it will close and sell off its energy storage business and assets, resulting in cutting its workforce by about 12%, with those in

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6 FAQs about [Energy storage announces price cut]

Are battery energy storage prices falling?

As Energy-Storage.news reported last month, global prices for battery energy storage systems (BESS) have been on a downward trend since early 2023, having shot up in 2022. We heard from delegates at the Energy Storage Summit EU in London last month about the implications of falling BESS prices.

What's happening in the energy storage sector in 2023?

A roundup of the biggest projects, financing and offtake deals in the energy storage sector that we have reported on this year. It’s been a positive year for energy storage in 2023, with new markets opening up and supply chain bottlenecks and price spikes for battery energy storage systems (BESS) easing, though challenges remain.

Is 2023 a good year for energy storage?

It’s been a positive year for energy storage in 2023, with new markets opening up and supply chain bottlenecks and price spikes for battery energy storage systems (BESS) easing, though challenges remain. A roundup of the biggest projects, financing and offtake deals in the sector that Energy Storage News has reported on this year.

How did energy storage grow in 2022 & 2023?

The US utility-scale storage sector saw tremendous growth over 2022 and 2023. The volume of energy storage installations in the United States in 2022 totaled 11,976 megawatt hours (MWh)—a figure surpassed in the first three quarters of 2023 when installations hit 13,518 MWh by cumulative volume.

Could 10GW of energy storage reduce UK Energy Curtailment costs?

To address the specific curtailment problem caused by the B6 boundary on the Scottish/English border, building 10GW of energy storage in key locations across the UK would reduce the estimated £2.2 billion curtailment costs by nearly 90%, Field’s analysis suggests.

How will SolarEdge's job cuts affect its employees?

In the U.S., the Israel-based company is facing tough competition with companies such as Enphase Energy (ENPH.O) and Tesla (TSLA.O) for market share in energy storage products. Solaredge said the job cuts will impact nearly 500 employees, mainly in manufacturing positions in South Korea.

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