Battery storage awarded 655MW in T-1 2024/25 Capacity Market Auction clearing at £35/kW/year
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.
T-1 2024/25 Capacity Market Auction clears at £35/kW/year, 40% lower than previous round
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.
Pylontech in JV with system integrator for ESS battery gigafactory in Italy
System integrator Energy SpA and its vertically integrated peer Pylon Technologies have formed a joint venture (JV) to set up a gigafactory in Italy producing batteries for energy storage.
Italy’s nascent market hit by post-auction BESS capex spike and ‘too many solar developers’
Italy is seeing “too many solar developers moving into storage” and issues around the spike in BESS capex costs shortly after 2022’s capacity market auction, sources told Energy-Storage.news.
Enel to add 43GW of solar by 2030 as part of US$191bn plan
Italian utility Enel will invest around €70 billion (US$78 billion) by 2030 to scale up its renewables and energy storage portfolio as it brings forward plans to reach net zero to 2040.
New EU buildings proposal would accelerate on-site solar installs, trade body says
Trade association SolarPower Europe has welcomed a proposal from the European Union’s executive branch that would see all new buildings in the bloc be powered by renewables “as far as possible” and emit no on-site carbon emissions from fossil fuels from 2030.
Voltalia’s electricity production reaches new high as installed solar capacity jumps 25%
French renewables developer and power producer Voltalia saw its annual electricity production reach a record high last year, with the company boosted by a 25% rise in installed solar capacity.
Brookfield Renewable targets UK’s energy storage boom with 985MW partnership
Brookfield Renewable Partners has signed a Framework Agreement with the UK’s Cambridge Power to develop a portfolio of battery storage and solar PV.
Trina Solar’s energy storage division brings online 50MW BESS project in UK
Trina Storage has completed the supply of its first UK battery energy storage system (BESS), the 50MW/56.2MWh fully integrated grid-scale battery energy storage system owned by SMS plc
UK’s Pulse Clean Energy aims at 1GW+ BESS opportunities after Investment Management Corporation of Ontario takeover
Following last year’s acquisition, independent power plant developer Green Frog Power has rebranded as Pulse Clean Energy and unveiled a target of 1GW+ of energy storage assets in the UK.
