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The question of bankability: From tech to revenue model

“From a financial point of view, li-ion batteries are now a fully bankable technology. World-class providers like Fluence and Tesla are delivering new products with up to 20,000 cycles and above 90% round-trip efficiencies. And lithium ferro phosphate (LFP), with its lower cost and reduced fire risk, seems now the chemistry of choice for stationary storage.

Now that the technology aspect has been sorted, how can the revenue model of stationary storage become bankable? Contrary to wind and solar, batteries don’t typically benefit from long-term secured revenues, such as power purchase agreements (PPAs).

Instead, investors in storage need to deal with several types of revenues (arbitrage, grid services, reserve) which are difficult to model. Even more important, capturing those new revenues relies on implementing ever-improving software that maximise the monetisation of the numerous market opportunities but can be often seen as “black boxes” by investors.

The software race is on. Against Tesla’s Autobidder, you see Fluence acquiring AMS to provide an integrated hardware + software solution. Those new software are incomparably more suited to optimise battery assets than human traders. For instance in Australia, the new market design has created five-minute bidding windows: the best human trader will post 15-20 trades a day, whereas the software will be able to bid 288 times (12 bids per hour x 24h).”

Laurent Segalen

Financier, renewable energy transactions

Uncategorised

Energy Stoarge is the Future

“The energy storage industry should play a proactive role in supporting market development in Southeast Asia, a panel discussion at the Solar and Storage Finance Asia event heard this week, from Aquila Capital regional CEO Alexander Lenz. We speak exclusively with Yaron Ben Nun, CTO and founder of Nostromo, a startup aiming to commercialise a new ice-based energy storage for cooling buildings and Yaron is adamant that it can turn electricity demand for commercial buildings into a powerful tool of the energy transition. US independent power producer Talen Energy has hired developer Key Capture Energy to work on a battery project at one of its coal power plant sites in Maryland, as Talen pursues its new ESG-driven path. Koch Industries, another name more commonly associated with fossil fuels, has invested in zinc-based energy storage company Eos, through its Koch Strategic Platforms investment vehicle. The UK’s Flexion Energy has gained a US$200m+ investment commitment from an infrastructure investment group as it targets development of a 1GW battery storage portfolio and in South Australia, developers Maoneng and SAPGen are seeking permission to construct 465MW of large-scale battery storage, solar-plus-storage projects behind-the-meter and in front-of-the-meter make progress in Hawaii. Finally we round up some news about investors acquiring three US solar and storage developers, which could be a sign of things to come. Don’t forget the APAC region edition of our sponsored webinar series with Honeywell takes place next week (14 July) and you can still sign up by clicking the banner ad above. Thanks for reading and we hope you enjoy using the site.”

By Andy Colthorpe

Uncategorised

Hi-MO 4m (66C) module

LONGi, the world leading solar technology company, has formally launched its Hi-MO 4m (66C) module, designed for distributed generation (DG) applications.

In addition to the 66C option, the company has also launched 60C and 72C versions of the module to an audience of more than 600 dealer partners and industry experts. The three products cover power ranges of 370-385W, 410-420W and 450-460W respectively, with a maximum efficiency of up to 21%, providing global DG clients with wider flexibility and choice.

At the launch event, Dennis She, LONGi Solar’s SVP commented: “LONGi will continue to increase R&D investment in technological innovation and expand the production capacity of our DG solar products to 10GW in 2021. The global residential rooftop market has specific requirements in terms of product performance and aesthetics and, in addition to providing high-quality solar products, LONGi is committed to providing our global DG clients with comprehensive energy service solutions.”

After years of steady growth, the global DG market has increased rapidly, accompanied by the emergence of diverse and targeted client demand. The Hi-MO 4m series modules are ultra-high-value products tailored exclusively by LONGi for the different needs of distributed clients and can be widely used on rooftops in residential, industrial, and commercial applications.

Source : By LONGi

April 26, 2021

POWER BATTERY OF INTELLIGENT MACHINE Energy Storage Solution

Era of Energy Storage

“Volkswagen recently placed an order worth US$14 billion with lithium-ion battery manufacturer Northvolt, taking their existing partnership to new heights and while the obvious focus there is electric vehicle batteries, we’ve heard exclusively from Northvolt’s VP of communications Jesper Wigardt that the deal will also have a significant knock-on impact for the startup’s targeting of the stationary energy storage market. South Africa’s government identified an urgent need for capacity to prevent load shedding on its grid and renewables-plus-storage projects have been among the winners in a tender for 2GW of contracts. Consultants Clean Horizon and Harmattan helped us out with some insights there. In Germany, more than 300,000 residential energy storage systems have now been installed, and while energy storage at larger scales has been somewhat less successful over the past year or so, every segment is expected to grow this year, a new report commissioned by Germany energy storage association BVES has found. New York City’s 6GW of fossil fuel peaker plants could be retired quickly and cost-effectively between now and 2030 using a combination of renewable energy, energy efficiency, and of course, energy storage. There’s also a roundup of some of the latest news stories from the residential energy storage segment around the world, Canadian Solar has big ambitions in solar-plus-storage and standalone energy storage for 2021 and just a month after applying for approval for a large solar-plus-storage plant, two Wisconsin utilities have put forward a plan for another. All this and much more on the site. Thanks for reading and subscribing.”

Andy Colthorpe
Editor Energy Storage News
Uncategorised

Lithium Titanate can be the best Option for Storage

  1. LTO (Li2TiO3) is innovative, latest and certified.
  2. Long lasting up to 30+ years life.
  3. Quick chargeable (saving energy and time and both are costly).
  4. Patented, High Efficiency LTO Battery Technology.
  5. Non-Explosive, Fireproof.
  6. Performance in a wide temperature range of -30 to 60 Deg. Centigrade
  7. Fast charge capabilities.
  8. Warranty of 5 years.
  9. 30 Years’ service life.
  10. World renowned clients such as Bombardier, Ford, BAE Systems, China State Grid Corporation etc.
  11. This can be the viable Eenergy storage solution for sub-zero conditions

Source : ECO ESS Catalogue 2021

Eco ESS Banner Energy Storage Solution

AN ENERGY SYSTEM ON THE BRINK OF TRANSFORMATION

“The global transition to renewable energy has been accelerating worldwide, driven by the urgent imperative to address the climate emergency and increasingly favourable economics.

This has been supercharged by the impact of the Covid-19 pandemic, creating unique conditions to accelerate the transition, with the IEA recognising that renewable energy, such as wind and solar, showed ‘a degree of immunity to the crisis’.1 The temporary acceleration of the share of renewable energy driven by Covid-19 has fixed the eyes of the world’s energy leaders on the opportunity to realise the potential of renewables to reduce emissions, permanently. The UK is one such test-case.

The UK Prime Minister has increased the Government’s offshore wind target from 30 GW to 40 GW by 2030 and pledged that offshore wind will power every home in the country in that time. This will form a keystone in the country’s path to a net zero energy system.

The UK Government will soon release its energy white paper, detailing its strategy for the coming decade and beyond. This is an opportunity to set an ambitious target for renewable energy to become the primary source of power by 2030. In 2019, the UK energy system reached 37% renewable energy.

By 2030, modelling undertaken by Wärtsilä shows that the country could easily achieve a permanent 62% renewable generation, even with the energy system as it is today. The country should go further, setting a target to achieve 80% renewable energy by the end of the decade. That may sound ambitious, but it is realistic. During the initial Covid-19 lockdown, when energy demand fell by up to 10%, the energy system as it is today coped with up to 60% renewables for short periods. Energy systems in other European countries, such as Germany and Spain, achieved over 70% renewable energy. If current systems can manage major spikes of renewable energy today, then – as this report shows – with investment in technologies that add system flexibility, we can be confident to set ambitious targets for permanently higher levels of renewables in the near future.”

Source : Wärtsilä Energy Transition Lab Report

By Ville Rimali Growth & Development Director

Energy Storage Solution

Advantages of Renewable Energy

“Advantages of Solar Energy

1. Renewable Energy Source

Among all the benefits of solar panels, the most important thing is that solar energy is a truly renewable energy source. It can be harnessed in all areas of the world and is available every day. We cannot run out of solar energy, unlike some of the other sources of energy.

Solar energy will be accessible as long as we have the sun, therefore sunlight will be available to us for at least 5 billion years when according to scientists the sun is going to die.

2. Reduces Electricity Bills

Since you will be meeting some of your energy needs with the electricity your solar system has generated, your energy bills will drop. How much you save on your bill will be dependent on the size of the solar system and your electricity or heat usage.

For example, if you are a business using commercial solar panels this switch can have huge benefits because the large system size can cover large chunks of your energy bills.

Moreover, not only will you be saving on the electricity bill, but there is also a possibility to receive payments for the surplus energy that you export back to the grid through the Smart Export Guarantee (SEG). If you generate more electricity than you use (considering that your solar panel system is connected to the grid). 

3. Diverse Applications

Solar energy can be used for diverse purposes. You can generate electricity (photovoltaics) or heat (solar thermal). Solar energy can be used to produce electricity in areas without access to the energy grid, to distil water in regions with limited clean water supplies and to power satellites in space.

Solar energy can also be integrated into the materials used for buildings. Not long ago Sharp introduced transparent solar energy windows.

4. Low Maintenance Costs

Solar energy systems generally don’t require a lot of maintenance. You only need to keep them relatively clean, so cleaning them a couple of times per year will do the job. If in doubt, you can always rely on specialised cleaning companies, which offer this service from around £25-£35.

Most reliable solar panel manufacturers offer 20-25 years warranty.

Also, as there are no moving parts, there is no wear and tear. The inverter is usually the only part that needs to be changed after 5-10 years because it is continuously working to convert solar energy into electricity and heat (solar PV vs. solar thermal). Apart from the inverter, the cables also need maintenance to ensure your solar power system runs at maximum efficiency.

So, after covering the initial cost of the solar system, you can expect very little spending on maintenance and repair work.

5. Technology Development

Technology in the solar power industry is constantly advancing and improvements will intensify in the future. Innovations in quantum physics and nanotechnology can potentially increase the effectiveness of solar panels and double, or even triple, the electrical input of the solar power systems.”

Sources: GreenMatch

Energy Storage Solution

2020 was the UK’s Year of Battery Storage

ESS

“Solar Media Market Research, which is the in-house team of experts at Energy-Storage News’ publisher Solar Media, tracked 60 new planning applications for large-scale battery storage projects in the UK last year, representing some 1.2GW of capacity. Lauren Cook said that activity has increased year-on-year in this regard and business models are changing quickly. Legislation has also shifted to allow projects of over 50MW capacity to bypass the Nationally Significant Infrastructure Project planning status that larger projects previously had to attain.

“The battery storage pipeline in the UK has reached over 14.5GW with around 1.2GW operational. The pipeline is continuing to grow as we see increasing number of projects of 50MW and larger,” Lauren Cook told Energy-Storage.news in an interview.

“There is also increased interest in battery storage co-located with wind and solar and we are now seeing more planning applications being submitted for these projects.”

Energy-Storage.news asked Cook how much of an impact lifting those rules that limited projects to under 50MW would have. During the webinar, the analyst had said that of projects deployed and planned in the UK, the largest share by percentage had been projects with 49.9MW rated output: in other words, the largest that developers could make them while complying.”

Source : Energy Storage News

Energy Storage Solution

ESS is the Key to sucess of Renewable Energy.

The renewable energy problem

“There are some days when the sun doesn’t always shine, and the wind doesn’t always blow. And then there are days when these happen for extensive periods. This causes intermittency & variability of your renewable energy generation.

The natural environment has a massive impact on the balancing capability of renewables. Which often results in decreased commercial capability of your renewable assets.

How can you increase the capability of your renewable assets?

Grid scale storage solutions

By applying our unique storage expertise into your renewable energy generation projects, you can transform the value of your assets, get a detailed roadmap for your route to market and achieve your goals. “

Source : Corre Energy

Co2 Emission

Carbon Management

BASF and Siemens Energy to cooperate in the field of Carbon Management

  • Strategic partnership for industrial use of low-COtechnologies
  • Study of concrete projects for BASF’s Ludwigshafen site
  • Focus on hydrogen production, heat pumps and power grid upgrade 

“As part of a strategic partnership, BASF and Siemens Energy plan to accelerate commercial implementation of new technologies designed to lower greenhouse gas emissions. By combining BASF’s technological expertise with Siemens Energy’s innovative product and services portfolio, BASF aims to extend its leading role in lowering CO2 emissions in chemical production. Several pilot projects at its Ludwigshafen site are under discussion. BASF’s headquarters is one of the largest chemical production sites in the world.”

Source : SIEMENS web