Moldova will launch a new auction this autumn to build high-capacity parks for producing renewable energy, coupled with battery energy storage systems (BESS). Carolina Novac, State Secretary at the Ministry of Energy, presented the auction timeline during an economic forum in Chisinau. [pdf]
The LIPA board of trustees has approved two battery storage projects proposed by developer Key Capture Energy. The 79 MW project in Hauppauge and the 50 MW facility in Shoreham, both in New York’s Suffolk County, will provide the utility with capacity and dispatch rights under 20-year PPAs. [pdf]
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As of recent data, the average cost of a BESS is approximately $400-$600 per kWh. Here’s a simple breakdown: This estimation shows that while the battery itself is a significant cost, the other components collectively add up, making the total price tag substantial. [pdf]
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Installation work has started on a compressed air energy storage project in Jiangsu, China, claimed to be the largest in the world of its kind. Construction on the project started on 18 December 2024, according to China state-owned news outlet CCTV. [pdf]
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The Energy Regulatory Authority has issued the establishment authorization for a new battery storage facility, from 60 MW, of the group controlled by Romanian businessman Teofil Mureșan. [pdf]
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Launched in 2021 and handed over to the government in June 2023 with a 30-megawatt capacity and plans to scale to 80 MW, this public-private venture aimed to bolster Lesotho’s energy grid, cutting reliance on costly imports from South Africa’s Eskom. [pdf]
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INNOVATIVE Energy Company (IEC) Limited (formerly IEC SPEI Limited) has inked a partnership deal with Chinese technology company Huawei that will see both companies collaborating on the implementation of several solar energy projects with battery energy storage systems in Jamaica. [pdf]
French industrial group Socomec has developed a modular energy storage system with a capacity of up to 1,116 kWh. The Sunsys HES L Skids system combines battery cabinets with a converter cabinet and an AC power distribution cabinet. [pdf]
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This initiative seeks to reduce electricity shortages and power outages in summer by using energy storage systems that store excess energy for later use during peak times. The electricity shortage crisis during the past summer has sparked interest from investors. [pdf]
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Greece's new €153.7M subsidy program for C&I battery energy storage. Learn how businesses can benefit and how ACE Battery provides tailored storage solutions to maximize savings and efficiency. Apply by February 28, 2025! [pdf]
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TASHKENT, May 21, 2024 — The World Bank Group, Abu Dhabi Future Energy Company PJSC (Masdar), and the Government of Uzbekistan have signed a financial package to fund a 250-megawatt (MW) solar photovoltaic plant with a 63-MW battery energy storage system (BESS). [pdf]
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New energy storage refers to electricity storage processes that use electrochemical, compressed air, flywheel and supercapacitor systems but not pumped hydro, which uses water stored behind dams to generate electricity when needed. [pdf]
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The complete BESS solution supplied by Saft will include 80 Intensium® Shift battery containers, based on lithium iron phosphate (LFP) technology with 40 inverters Freemaq PCSK GEN3, 20 medium-voltage power stations and a power management system provided by third-party suppliers. [pdf]
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