FRV and Harmony s first storage development, Holes Bay. Image: Harmony Energy.
Construction has got underway for Renewables developer Fotowatio Renewable Ventures’s (FRV) second battery storage project in the UK, together with partner Harmony Energy.
FRV, owned by Saudi Arabian industry group Abdul Latif Jameel, has deployed hundreds of megawatts of wind and solar projects around the world since 2006, when it built what was then the world’s largest solar plant, a 23MWdc project in Spain. However, the company only began its involvement in battery storage in 2019 with the announcement of its first grid-scale battery project, the 7.5MW / 15MWh Holes Bay project in England.
Published: 3 Mar 2021, 14:04
By:
Reporter, Solar Media
The merits of co-located battery storage sites - such as this solar-plus-storage site originally developed by Anesco and now owned by GRIDSERVE - were debated during this year s Energy Storage Summit. Image: Anesco
Co-located battery storage’s ability to help mitigate risk and counter renewable yield compression has been hailed as a “fantastic opportunity” by renewables investor Bluefield Partners’ investment director Jan Libicek.
Speaking on a panel at this week’s Energy Storage Summit 2021, Libicek said that when it comes to financing, energy storage remained “firstly a question of confidence”, but deemed that the finance community can no longer ignore the potential of energy storage assets and in particular, co-located sites.
Published: 3 Mar 2021, 12:51
By:
Edith Hancock
Charlie Pugsey, deputy commissioner for the London Fire Brigade, believes better monitoring of forseeable events could be vital in improving safety in the energy storage industry. Image: ESRG
Re-examining and retrofitting older, potentially hazardous battery storage systems should be an “essential” part of preventing harm, according to a panel of industry leaders.
Speaking at the Energy Storage Summit 2021, hosted by our publisher Solar Media yesterday (2 March) Charlie Pugsley, the deputy fire safety commissioner of the London Fire Brigade, asked why battery storage owners would “not want to apply a retrospective look” to their sites if they believe the older technology could carry a safety risk.
Published: 3 Mar 2021, 16:03
By:
Andy Colthorpe
Session moderator Carina Radford s law firm White & Case advised on the Neoen-Tesla Hornsdale Power Reserve project in South Australia. Image: Neoen-Tesla.
The battery storage market in the UK has become a viable investment opportunity in just the past few months, even without the backing of long-term contracts for grid services, according to an investment manager in the renewable energy sector.
Jonty Lovell, investment manager at Foresight Group, said that the falling cost of energy storage and the evolution of an industry capable of monetising assets in merchant opportunities have brought the industry into a new phase of economic viability. Lovell was speaking at today’s final day of the Energy Storage Summit 2021 hosted by our publisher Solar Media.