Gore Street Energy Storage Fund PLC (LSE:GSF) | RNS | Gore Street Energy proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.
16 April 2021
One of South Australia’s “other” big battery installations, the 30MW/8MWh ESCRI ElectraNet battery storage system at Dalrymple, has earned enough revenue in its first two years of operation to return the $12 million in grant funding provided by ARENA to the project.
In a report published this week as part of a “knowledge sharing” deal that came with the funding, ARENA said the ESRCI had earned $22.6 million in frequency control ancillary services revenue and $319,820 in discharging revenue between December 2018 and December 2020.
“FCAS revenue peaked in the six months from December 2019 to June 2020, earning $15.6 million in addition to $102,000 discharging revenue, from a $76,000 charging cost,” the ARENA report says, indicating it cashed in on the same “islanding” event that deliver a huge windfall to the better known Tesla big battery.
Statkraft s Kilathmoy battery won contracts for the current DS3 framework. Image: Statkraft.
With the current tariff framework for energy storage in Ireland set to come to an end in April 2023, there is scepticism over the support that will follow.
Given the onerous number of checks needed to bring in a replacement framework, and lessons learnt from the current “Delivering a Secure, Sustainable Electricity System” (DS3) framework, it is unlikely to be ready in the next two years suggested Bernice Doyle, head of Grid Services at Statkraft Ireland.
If a high level decision about the direction of DS3 is made this year, it could be running by 2024 she continued, speaking in the Ireland panel during Solar Media’s Energy Storage Summit 2021.
Hawaiian Electric and Open Access Technology International, Inc Expand Paradigm-Shifting Grid Services Project prweb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prweb.com Daily Mail and Mail on Sunday newspapers.
Published: 28 Jan 2021, 07:13
By:
Molly Lempriere
Social Energy s AI-backed technology optimises an interconnected network of smart and clean energy assets, including participation in grid-services and balancing markets. Image: Social Energy.
27 January 2021: UK developer Eelpower partners up with infrastructure investor SUSI Partners
UK energy storage and renewables developer Eelpower has formed a joint venture (JV) with Switzerland-headquartered sustainable infrastructure investor SUSI Partners to construct and operate a pipeline of new-build battery storage assets in Britain.
The first of these will be a 50MW project at Dunsinane, near Dundee, Scotland, which is set to start construction in February. Additionally, SUSI purchased 40MW of the company’s existing storage assets as part of the JV, with Eelpower to continue to manage the assets.