| From: Eric | 11/11/2024 7:34:57 AM | | | | | | Grid-scale
Brazil could add 18.2 GW of energy storage by 2040
That figure would require incentives, regulation and ambition. A study by Clean Energy Latin America (CELA) estimated the Brazilian storage market should grow at least 12.8% annually through 2040, reaching a cumulative 7.2 GW, excluding client-side, ‘behind-the-meter’ installations.
By
Livia Neves
Nov 11, 2024
Grid-scale
Projects & Applications
Isa Cteep's energy storage battery system, in Registro, São Paulo. | Image: Disclosure Isa Cteep
Brazilian consultant CELA has said the inclusion of electrical energy storage systems in a federal government capacity reserve auction which could take place in June 2025 could reinforce Brazil’s National Interconnected System (SIN) grid.
“By allowing the storage of renewable energy generated during times of lower demand, we will have a significant reduction in the effects of recurring cuts in solar and wind generation, the so-called constrained-off (or curtailment), in addition to increasing the system’s operational flexibility ,” said CELA Chief Executive Officer Camila Ramos. “At the same time, the insertion of storage systems accelerates technical-regulatory discussions, drives innovation in the sector, and fosters the digitalization of the Brazilian electricity grid.”
The capacity auction would include contracts for energy storage projects with minimum power availability of 30 MW for the equivalent of four hours’ continuous dispatch per day in the electrical system, with a maximum of one daily charge and discharge cycle, at a time defined by the National System Operator (ONS).
CELA said the technical standards of the notice are being drafted but it is expected that successful bids will be determined by lowest prices and SIN grid capacity.
It is expected project operators would receive a monthly fixed payment, adjusted for inflation annually by Brazil’s consumer price index, with the possibility of additional revenue for grid ancillary services provided they do not hinder the delivery required by the capacity auction terms. The electricity supplied by storage facilities would be settled on Brazil’s short-term energy market and paid into the Power Account for Capacity Reserve. Contracted volumes of energy would be settled without price risk to the storage plant operator.
“In practice, the auction offers a model with an attractive risk-return ratio,” said CELA’s Ramos. “In addition to a fixed revenue model, indexed to inflation and without exposure to price risk, the auction establishes a four-year deadline for project execution. In this way, the [auction] winners will be able to choose the best time to purchase the systems, speculating on an additional drop in battery prices or accelerating implementation and anticipating fixed revenue (if they demonstrate technical and economic benefits to the SIN). If maintained in this way, this combination of factors can generate above-average returns.”
$12.5bn market
CELA has predicted the Brazilian energy storage systems market will grow 12.8% per year through 2040, with an increase of up to 7.2 GW of installed capacity during that period.
The analyst’s projections indicate the growth of batteries incorporated into the country’s electricity generation, transmission, and distribution infrastructure could generate more than $12.5 billion annually, under current regulations.
With the addition of adequate incentives, well-defined regulation, and established goals, that potential could be expanded beyond 7.2 GW to as much as 18.2 GW by 2040, without considering the potential of behind-the-meter energy storage.
From pv magazine Brasil.
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| From: Eric | 11/11/2024 7:39:04 AM | | | | | | Grid-scale
Australia closed on a record 3.9 GWh of battery storage capacity in July-to-September
Eight new battery projects added up to 95% more volume than was recorded in Q3, 2023, according to a Clean Energy Council (CEC) quarterly report which also pointed to a renewables generation boom.
By
David Carroll
Nov 11, 2024
Grid-scale
Projects & Applications
Image: ENGIE
The latest quarterly assessment by Australia’s CEC showed investment in energy storage projects continued to power ahead between July and September 2024, with eight new battery systems that will provide a record 1,235 MW/3,862 MWh of storage capacity reaching financial commitment. That figure was up 95% compared to the same period of 2023. The CEC said the storage investment commitments totalled at least AUD 1.2 billion ($789 million), with several projects not providing publicly available investment data.
There were also 10 new large-scale solar and wind energy generation projects with 1,405 MW of generation capacity and a combined value of AUD 3.3 billion which achieved a final investment decision in the three months to the end of September 2024.
The 1,405 MW of new generation capacity committed in the quarter exceeded the annual total for 2023 and marked the first time new generation projects reaching financial commitment surpassed 1 GW in a quarter since late 2022. The rolling 12-month quarterly average for capacity of financially committed generation projects has now increased for three quarters in a row.
Financially committed generation projects. Image: CEC
CEC Chief Executive Officer Kane Thornton said the latest “ Renewables Projects Quarterly Report” reflected that conditions are gradually improving for the sector.
“The increasing activity indicates that the challenging economic conditions are beginning to ease and the hard work by government agencies and industry to address a wide range of legacy issues across our grid, planning, and institutional settings, are starting to bear fruit,” said Thornton.
The commitments made in third quarter mean 34 generation and battery energy storage projects have reached financial close in 2024. That equates to 3 GW of new generation capacity and 2.8 GW/8 GWh of new energy storage across Australia.
There are now 89 renewable electricity generation projects that have either reached financial commitment or are under construction, representing 13.9 GW of capacity in the pipeline.
In the case of energy storage, 49 projects are in the pipeline from financial commitment onward, equivalent to 9.7 GW/24.3 GWh of capacity.
The CEC said more than 40% of Australia’s electricity supply now comes from renewable energy, including hydro, solar, and wind, with the renewable energy share expected to climb to almost 50% by the end of 2025, based on the projects under construction today.
Thornton added, however, despite the positive quarterly result more needs to be done to meet the federal government’s target of 82% renewable energy generation by 2030.
Australia needs to add between 6 GW and 7 GW of new renewable energy generation capacity every year to achieve that target, an average of at least 1.5 GW each quarter.
“If we sustain the level of investment for new wind and solar power plants which we have seen in the third quarter of this year, we can get back on track to achieving Australia’s target of 82% renewable energy generation by 2030,” Thornton said. “There is a lot more work still to be done, but the signs are encouraging.”
From pv magazine Australia.
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| From: Eric | 11/11/2024 6:53:00 PM | | | | | | Australia’s biggest ever battery storage tender to open this week
Hazelwood big battery. Source: Engie
Giles Parkinson
Nov 12, 2024
2
Battery
Storage
The biggest tender for battery storage to be held in Australia will open this week, with the federal government seeking around four gigawatts of capacity and 16 gigawatt hours of storage across six states and territories.
The tender is officially the third of a series of tenders under the federal government’s Capacity Investment Scheme, which is seeking to ensure that the country meets its 82 per cent renewable energy target by 2030. In all, at least 23 GW of new wind and solar generation capacity and 9 GW (36 GWh) of battery storage capacity is being sought.
The battery storage component is particularly significant given its growing prominence in the Australian grid, mostly as a result of its ability to provide multiple critical grid services (frequency control, inertia and acting as a kind of giant shock absorber for the grid) and in time shifting excess renewables to the morning and evening demand peaks.
The 4 GW is about twice the capacity of big battery installations currently fully commissioned in the grid (not counting the many gigawatts also under construction), and the storage capacity is about six times more, and reflects the increase in the storage component as battery projects focus more on energy arbitrage.
The tender will be held in a two stage process, with the first focusing on project benefits closing in December, and the second focusing on financial value for the shortlisted projects closing in May.
Winners are due to be announced in September, next year, although that date may change. The next federal election is likely to be held next May, and the opposition Nationals have threatened to tear up Commonwealth contracts should they be returned to power, and may be emboldened to repeat the threat in the light of Trump’s victory in the US.
Battery storage has been the biggest bright spot in Australia’s green energy transition, at least in terms of large scale projects. On the smaller scale, rooftop PV is also shining brightly, but its impact on the grid is one of the reasons why there is a greater push for more storage, and big batteries appear to be the main focus.
That could change in coming years, particularly given federal energy minister Chris Bowen has announced that standards have been agreed that will pave the way for electric vehicles to effectively act as “batteries on wheels” by injecting power back into the grid via bidirectional charging.
Bowen says the first of these could be connected by the end of the year, but the pace will depend on the appetite and willingness of EV makers, the availability of cost competitive charging equipment, and the interest of EV owners.
It may be some time before that occurs at scale, although the storage potential is huge.
State governments have also encouraged household batteries with incentives and rebates, and NSW is the latest to do so. But the uptake is still slow because – while useful to the household and the grid – they are not yet proven money making machines.
Big batteries, on the other hand, are proving to be a good investment, but the government is seeking to provide underwriting agreements under the CIS to lower the cost of finance, and because many of the markets that batteries can play in are yet to be fully developed, which means there is sometimes no revenue to pay for the things they do.
The big battery tender officially opens on Wednesday (November 13), and last week the federal government revealed that discussions with state and territory governments had results in some priority allocations being made.
The biggest battery allocation will go to Victoria (1 GW), followed by NSW (0.9 GW), and South Australia (0.4 GW), with a further 1.7 GW of unallocated capacity open to these states plus projects in Queensland, Tasmania and the ACT.
In Western Australia, which operates its own isolated grid with different market rules, a separate tender seeking 500 MW and 2,000 MWh of capacity is also being planned.
A first “pilot” battery tender held earlier this year for Victoria and South Australian projects was massively oversubscribed with 600 MW of capacity and 2,400 MWh sought and was more than 32 times oversubscribed.
It resulted in more capacity being awarded, with more than 1,000 MW of capacity in six different projects, two in Victoria and four in South Australia.
In Victoria, these were the 350 MW, 1,400 MWh Wooreen battery to be built by energy giant EnergyAustralia just outside of Morwell, and 115 MW, 230 MWh Springvale Energy Hub, which will be built by Progress Power on a former landfill site in south-eastern Melbourne.
EnergyAustralia was also successful with another battery project in South Australia, a 50 MW, 200 MWh battery it will build near the Hallett wind farms near Canownie, while Pacific Blue, which used to be known as Pacific Hydro, has already begun building the 60 MW, 143 MWh battery next to its Clements Gap wind farm in the mid-north.
The other winners in South Australia were the Zen Energy’s Solar River hybrid project, which will feature a 170 MW /653 MWh battery paired with a 230 MW solar farm, and the 250 MW, 1,000 MWh Limestone Coast battery, proposed by Pacific Green near the border with Victoria, and which will be the biggest in the state.
See also Renew Economy’s Big Battery Storage Map of Australia for more information.
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| From: Eric | 11/13/2024 7:55:04 PM | | | | | | Markets
Ireland’s battery storage fleet to grow to 13.5 GWh by 2030
Cornwall Insight calculates that Ireland’s battery storage capacity will reach 13.5 GWh by 2030, up from 2.7 GWh in 2025.
By
Marija Maisch
Nov 13, 2024
Markets
Policy
Tenders
Battery storage capacity forecasts for the Single Electricity Market (SEM) | Image: Cornwall Insight
The Single Electricity Market (SEM) on the island of Ireland is set for a battery storage boom, with short-to-medium duration capacity forecast to increase fivefold by 2030, according to Cornwall Insight.
The consultancy’s SEM Benchmark Power Curve forecasts that the capacity of short- medium term lithium-ion battery storage, which includes batteries from half an hour to four hour storage capacity, will increase from 2.7 GWh in 2025 to 13.5 GWh by 2030.
If these predictions materialise, the battery storage fleet across Ireland and Northern Ireland will have a power output of 5 GW up from the currently installed 1 GW.
“The rising forecasts for short-medium term batteries, shows the Irish government’s battery framework, is certainly doing its job – which is good news for investors and decarbonisation targets alike,” said Lisa Foley, principal consultant at Cornwall Insight. The first national policy for energy storage in Ireland was released in July making a strong push for immediately investing in electricity storage to help meet 2030 targets.
On top of that, Ireland SEM has consistently been identified as one of Europe’s most attractive battery energy storage markets, offering a strong revenue potential due to EirGrid’s luctrative DS3 (Delivering a Secure, Sustainable Electricity System) tariffs. The existing tariffs, which were due to be terminated in April, but were subsequently extended to April 2026, incentivize services provided by battery energy storage systems, such as frequency response, ramping, reactive power, inertia, and voltage control.
But while the storage uptake in the SEm has been going strong, concerns remain if renewables targets can be met with both Ireland and Northern Ireland aiming for 80% of electricity to come from renewables by 2030.
“Of course, batteries are only one part of the decarbonisation pie. While renewable technologies are growing, they are unfortunately not keeping up with the levels needed to reach the 2030 renewable generation goals. Swift action on planning and policy improvements is needed to unlock the full potential of our renewable resources and keep pace with our climate goals,” Foley said.
New data from the Sustainable Energy Authority of Ireland (SEAI) says there is no scenario in which Ireland will meet its 2030 solar deployment capacity of 8 GW. With existing measures in place, the reality would be more like 5 GW, the government-run group estimates.
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| From: Eric | 11/18/2024 2:04:21 PM | | | | | | GridBeyond Storage funds behind-the-meter BESS across UK, Ireland
GridBeyond Storage will explore behind-the-meter (BTM) solar PV and electric vehicle (EV) charging projects for commercial and industrial customers in Ireland and Scotland.
By
Blathnaid O’Dea
Nov 18, 2024
Distributed
Projects & Applications
Photo by GridBeyond Storage.
Triodos Energy Transition Europe Fund is pumping €11.25 million into its 50/50 joint venture with Ireland-headquartered renewables company GridBeyond. The two entities first entered a partnership, called GridBeyond Storage, in 2022 to roll out behind-the-meter (BTM) battery energy storage systems (BESS) across the UK and Ireland.
Following the latest funding boost, GridBeyond Storage will deliver BESS solutions to two sites, City West and Ballycoolin, both in Dublin, Ireland. Both sites are data centers owned by Keppel DC REIT, a Singapore listed company. The strategy includes the installation and management of a 2 x 2MW/2.2MWh battery at the City West site and a 4MW/6.1MWh battery at the Ballycoolin site. Altogether, the two projects will add 8 MW of flexible capacity to the grid ahead of the winter peak demand period.
An 8.3 MWh BESS asset in Scotland is currently under construction, due for commissioning in Jan. 2025. It is located at glass company O-I Glass’ premises in Alloa, in Scotland. It will incorporate a supporting energy management system (EMS), powered by artificial intelligence.
GridBeyond’s latest investment from Triodos will also enable it to explore other new opportunities, such as behind-the-meter (BTM) solar PV and electric vehicle (EV) charging projects for commercial and industrial customers.
Michiel van Beek, Head of Project Equity at Triodos Investment Management, said the upcoming phase of the partnership between the two firms will be a “highly promising development” for investors and fund partners.
“The potential addition of BTM solar PV and EV charging projects further strengthens our portfolio with innovative technologies that align with the global push for decarbonization, offering strong risk-adjusted returns,” he added.
The joint venture’s first project has been operational since March 2023, and is located at CareyGlass in County Tipperary, Ireland. The 1.1 MWh BESS asset provides CareyGlass, a glass processing company, with a secure energy storage option to serve as a backup in the event of a power outage.
According to GridBeyond’s Deputy CEO Richard O’Loughlin, the Dublin, Ireland-based company’s partnership with Triodos has enabled it to deliver BESS solutions for industrial and commercial energy users in Ireland. A recent report by Cornwall Insights projected Ireland’s battery energy storage fleet will grow to reach 13.5 GWh by 2030, up from a capacity of 2.7 GWh in 2025.
“It’s great to have the opportunity to deliver further flexible energy across the UK and Ireland to support the energy transition to a net-zero future,” O’Loughlin said of GridBeyond Storage’s plans.
“As more renewables are integrated into the energy market, batteries are a great asset, which can provide our industrial and commercial customers with more resilience, mitigate risk of power interruption, support grid connection challenges and ultimately deliver value for our customer, also through cost savings and carbon reduction.”
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| From: Eric | 11/18/2024 2:49:07 PM | | | | | | Supply chain
Masdar-backed Terra-Gen places 8 GWh energy storage order with LG
The Korean electronics giant has confirmed a four-year order has been placed with its Texas-based Energy Solution Vertech unit.
By
Max Hall
Nov 18, 2024
Grid-scale
Markets
Projects & Applications
Supply chain
LG's Energy Solution Vertech business, in Houston, Texas, secured the energy storage order. | Image: Image capture: June 2024 © 2024 Google/Google Street View
The LG Energy Solution Vertech Inc. unit of South Korean battery giant LG has confirmed reports it has secured an 8 GWh order from United Arab Emirates- (UAE) and Australian-owned US renewables developer Terra-Gen.
A brief post by the US-based LG unit on social media platform LinkedIn, on Nov. 16, 2024, stated: “We’re excited to announce a new 8 GWh service retention agreement with Terra-Gen, LLC! Projects will be delivered in the US during a four-year period, with all products meeting domestic content requirements.”
While the post did not add further details, a report on the website of newspaper the “Korea Economic Daily” stated the energy storage system (ESS) supply deal would run from 2026 to 2029 and supply enough electricity to power around 800,000 homes daily.
Korea Business News has estimated the supply deal will be worth KRW 2 trillion ($1.43 billion).
Both reports stated the order was the biggest secured by LG’s Texas-based business unit, which was formed in 2022 when the Korean brand acquired ESS integrator NEC Energy Solutions. That move was made with the aim of unifying LG’s battery manufacturing and system integration services in the United States. LG is investing KRW 7.2 trillion into a battery manufacturing site in Arizona which is set to open by 2026 and will produce pouch-type lithium ferro-phosphate batteries for ESS and devices for electric vehicles.
Terra-Gen, which placed the LG order, has previously worked with the Korean company on a 2.2 GWh ESS in California.
Developer Terra-Gen was founded as a 50/50 joint venture between US-based investment firm Energy Capital Partners (ECP) and Australian counterpart Igneo Infrastructure Partners. UAE state-owned entity Masdar completed the acquisition of ECP’s stake on Sep. 30, 202.
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| From: Eric | 11/21/2024 3:39:55 PM | | | | | | Origin adds more storage to Eraring battery, making it biggest in Australia and one of world’s largest
Eraring battery transformer on the way
Giles Parkinson
Nov 21, 2024
14
Battery
Storage
Origin Energy has announced a third stage to the giant battery at Eraring, ensuring that the site of Australia’s biggest coal generator is transformed into the country’s biggest battery, and one of the biggest in the world.
The company announced on Thursday that the new expansion will add 700 megawatt-hours of storage, essentially turning the first stage of the project from a two hour battery rated at 460 MW and 1070 MWh, into a four hour battery rated at 460 MW and 1770 MWh, making it better suited to feed into the extended evening demand peaks.
That component will be completed by the end of next year, including the expanded storage capacity, while the previously announced second stage of 240 MW and 1030 MWh is due to be on line in 2027.
That will take the total facility to 700 MW and 2,800 MWh – the size originally contemplated when the Eraring battery plans first took shape.
It will make Eraring the biggest battery in Australia, overtaking the Neoen Collie battery (560 MW, 2240 MWh) that is also under construction, the biggest in the southern hemisphere and one of the biggest in the world, although some projects in the planning are potentially five times the size.
Origin’s head of energy supply Greg Jarvis says the battery will cement Eraring’s importance to the grid for decades to come.
“The scale of this project is impressive,” he said in a statement.
“The site, at more than 17 hectares, is equivalent in area to 24 soccer fields and once complete, it will host more than 2,000 individual battery enclosures and some 180 kilometres of cabling.
“At 2,800 MWh, when cycled once a day, the Eraring battery will dispatch enough energy to power more than 150,000 NSW households annually, helping to firm variable supply from wind and solar.”
An Origin spokesperson told Renew Economy that expanding an existing storage project made more sense because it enables economies of scale, and avoids any potential future outages to extend storage duration at a later date, once in operation. It will involve the addition of another 560 battery enclosures.
The evolution of Eraring has been mired in controversy, largely because of the decision by the NSW government to effectively underwrite the ageing coal fired power station’s operations until 2027 at a cost of up to $450 million.
Origin had announced in 2022 the planned “early closure” of Eraring in late 2025. But its failure to invest in any new capacity, and the lack of sufficient investment elsewhere in the grid, more or less forced the hand of the state government, anxious to avoid price spikes ahead of the next state election.
Since landing that underwriting agreement, Origin has quickly accelerated its planned spending in wind, solar and battery projects.
Apart from Eraring, it has committed to another big battery – 300 MW and 650 – next to its Mortlake gas-fired power generator in Victoria, and has a “tolling” agreement for the off take of the new 500 MW, 1560 MWh Supernode battery in Queensland that will come online in early 2026.
It has also bought the huge 1.4 GW Yanco Delta wind project in the south-west of NSW, and is advancing other wind and solar projects.
The Eraring battery is being supplied by Finnish technology group Wärtsilä and design and construction services will be provided by Enerven, consistent with the rest of the project.
Origin says the 40 year-old Eraring coal plant is now scheduled to close in August 2027, as part of the agreement with the NSW government – although its official closure date has been pushed out to early 2029.
See also Renew Economy’s Big Battery Storage Map of Australia.
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| From: Savant | 11/22/2024 10:38:20 AM | | | | | | Quantum-inspired tech turns heat into electricity via light with 60% efficiency
Batteries aren’t perfect, they have their shortcomings. For instance, they are made of scarce minerals often obtained through unsustainable mining practices. When dumped, they release harmful chemicals into the environment and have limited lifespans.
When it comes to energy storage, although we currently rely heavily on batteries, we need a much greener and cleaner solution. One such promising avenue is thermal energy (electrical) storage (TES) systems, which store electricity as thermal energy by converting it into heat, which can later be converted back into electricity when needed.
TES require low-cost materials, have much longer lifespans compared to batteries, and are easier to scale up for grid-sized systems. They can stabilize renewable energy grids by storing extra solar or wind power when it’s available and supplying it during peak demand.
Researchers at Rice University have developed a highly efficient thermal emitter that can contribute to the development of practical and scalable TES systems. A thermal emitter is the key component in TES that absorbs heat, gets hot and converts heat into electromagnetic radiation, which is then captured by a photovoltaic cell to generate electricity.
Quantum-inspired tech turns heat into electricity via light with 60% efficiency |
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| From: Eric | 11/24/2024 6:57:56 PM | | | | | | Markets
“Expansion of privately-owned Chinese BESS integrators overseas is inevitable”
While the same names appear on this year’s top five list of global battery energy storage system (BESS) integrators, the order has changed. Anqi Shi, principal analyst, batteries and energy storage, at S&P Global, tells ESS News that the battle for market share will intensify with Chinese players looking to further expand their global footprint.
By
Marija Maisch
Nov 20, 2024
Industry
Manufacturing
Markets
Supply chain
Sungrow subjected its liquid-cooled PowerTitan grid storage batteries to a large-scale fire test. | Image: Sungrow
China’s Sungrow has usurped Fluence as the leading global BESS integrator in the 2024 rankings composed by S&P Global Commodity Insights, a testament to the rapid expansion of Chinese players in the global market.
Looking at the total pipeline of installed and contracted projects across the globe, Sungrow has cemented itself in the top position, followed by Tesla Energy, Fluence, HyperStrong, and Wärtsilä Energy.
Outside of China, the rankings look slightly changed, with Sungrow again leading the pack, followed by Tesla, Fluence, Wärtsilä Energy, and Powin.
“Sungrow has the most diversified customer base across all large-scale markets thanks to its established inverter business. Western suppliers don’t have access to China’s BESS market, which accounts for more than half of the global BESS demand. They also hold a significant contracted project pipeline with very large sizes in markets outside of China,” Anqi Shi, principal analyst, batteries and energy storage, at S&P Global, tells ESS News.
Some of the landmark agreements Sungrow made over the course of the previous year include, a 7.8 GWh supply deal with Saudi Arabia’s Algihaz Holding in July – which at the time was also the world’s largest and only a month later overshadowed by a Tesla US deal for 15.3 GWh. Furthermore, the Chinese manufacturer has agreed to deliver 880 MWh to Atlas Renewables in China, 800 MWh to Engie in Belgium, and 640 MWh to SSE Renewables in the UK, and the list goes on.
China’s energy storage market grew nearly 250% in 2023 and is dominated by domestic players. This has propelled four China-based integrators into the top ten – Sungrow, HyperStrong, SCETL, and CRRC.
“The Chinese energy storage suppliers established by state-owned power generation and electrical equipment enterprises have been growing very fast in the past one or two years, taking places in China’s top 10 rankings. This has squeezed the market opportunities for privately-owned companies and pushed them even harder to expand overseas,” Shi says.
However, to date, only one Chinese company appears in the global ranking if the Chinese market is excluded – Sungrow, but the competition is intensifying.
“The competition in China leaves a very thin to zero margin for system integrators now, so it’s inevitable that the privately-owned Chinese integrators will continue expanding overseas,” Shi says. “It’s also possible that we see more Chinese integrators who haven’t had a large global expansion becoming OEMs for Western integrators. This enables Western players to access the low-cost supply chain in China, and Chinese players to access a higher revenue margin in overseas markets.”
Recent collaboration announcements between Western system integrators and their Chinese peers include Fluence – Hyperstrong, and Wärtsilä – RCT Power.
Outside of China, different trends can be observed, with the United States and Australia markets dominated by US-headquartered integrators. On the other hand, Europe’s competitive environment is much more diverse.
“Another trend is a few developers in the US, China, and Germany are favoring a self-integration approach instead of hiring system integrators, which narrows the share of the market for dedicated system integrators,” Shi says.
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| From: Eric | 11/24/2024 7:02:21 PM | | | | | | Distributed
US utility Xcel Energy launches battery storage incentive program
Incentives are currently available for battery storage systems up to 50 kWh paired with solar systems under two programs ran in parallel in the state of Minnesota.
By
Marija Maisch
Nov 20, 2024
Distributed
Finance
Projects & Applications
 Image: Enphase Energy
Minneapolis-headquratered utility Xcel Energy has launched an energy storage incentive program to the tune of $3.48 million in the US state of Minessota.
The investor-owned utility, which operates across eight Western and Midwestern states, serves half of the homes and businesses in Minnesota.
Now, customers within the utility’s service territory can access incentives for solar plus storage systems as of November 12, 2024.
Small businesses and homeowners can add a new battery storage system with a maximum capacity of 50 kWh to a new or existing solar interconnection agreement.
Xcel Energy will provide an incentive within 30 business days of operation, paying $175 per kWh of energy capacity.
Income qualified customers are eligible for an inccentive of $370 per kWh of energy capacity. A total of 10% of program budget is specifically reserved for this customer group until September 1, 2026.
The upfront incentive payment is capped at $5,000.
In addition to being charged by solar energy, eligible storage systems must be new and in process of being purchased and installed.
For customers outside Xcel Energy service areas, battery storage incentives are administered by the Minnesota Department of Commerce under the program launched earlier this year. These incentives only apply to new systems installed after August 1, 2024, and with at least a 10-year manufacturer warranty.
According to the Department’s website, currently available incentives pay $250 per kWh with the maximim amount capped at $7,000 for storage system of 50 kWh or less installed in conjunction with on-site solar system.
Under the Income Qualified Pilot Program, customers can claim $1,000 per kWh up to a total maximum of $15,000 per project. The remaining non-Xcel funds stand at $1.975,875, according to the Department.
Funds are limited for both incentive programs and will be administered on a first come, first served basis.
The Department of Commerce says it will have approximately $2,160,000 available for incentives and is additionally collaborating with the Tribal Advisory Council on Energy to develop a program specific for Tribal Nations.
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