The UK will have 50GW-plus of energy storage installed by 2050 in a best case scenario attainment of net zero, according to grid operator National Grid’s Future Energy Scenarios report. The report’s broader conclusions around the energy sector were covered in detail by Energy-Storage.news’ sister site Current yesterday. It is published by the National Grid ESO (electricity system operator) each […]
There is growing consensus from European Union policymakers and regulators that energy storage is vital to securing affordable and low carbon energy, but the technologies still face market challenges. As a relatively new and complex technology with a wide variety of different use cases open to it, battery-based energy storage isn’t yet being made the […]
Renewable energy developer ABO Wind has commissioned its first standalone battery energy storage system (BESS), in Kells, Northern Ireland. The Germany-based firm has commissioned the 50MW/25MWh BESS unit which it claimed is one of the fastest storage systems globally, with a response time of less than 150 milliseconds. It is also the largest BESS ABO […]
“In my opinion, the addition of battery energy storage coupled with solar can get renewable penetration to the next level,” said Ioannis Grammatikakis, UK country manager at Power Factors. Also recognised as co-location, the coupling of renewable generation sources, such as wind and solar, with battery energy storage systems (BESS) could be a crucial development […]
Climate tech wrapped a strong Q3, landing three of the top four equity deals, including the whopping $1 billion Series A raised by fleet charging startup TeraWatt. While the broader market might be cooling, climate tech continues to be a hot ticket, with investment figures for top deals in Q3 outpacing the two previous quarters this year. In total, […]
Dear All Megawatt Mosaic’s Promotional Video is now live on their blog and their funding round is officially live. Please take a little time this weekend to watch the video to understand the company and its incredible potential by clicking below: Latest news from funding side: We are due to receive a funding offer from […]
Rebellion has mounted among EU countries over an international energy treaty that gives multinationals the power to sue governments, as the Netherlands became the third country to announce plans to withdraw from a pact it says stymies plans to tackle climate change. The Netherlands joined a move last week by Spain, following in the footsteps […]
Wind and solar power have made up a record 24% of the European Union’s electricity mix since Russia launched its war on Ukraine, a new report says, a boost that has also helped the bloc battle soaring inflation. The growth in renewable power capacity has saved the 27-nation bloc €99 billion ($97 billion) in avoided gas imports between March and […]
Dear All An accompanying video to this email detailing its contents can be found here: While we have had some investment into Megawatt Mosaic Ltd, their funding round is due to go officially live as soon as the video is launched, which should be next week. Megawatt Mosaic Ltd is a BESS (battery) and solar […]