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Published: 23 Feb 2021, 16:35 By: Reporter, Solar Media Panelists at this year s Energy Storage Summit discussed the requirements of the Dynamic Containment service. Image: Solar Media The benefits – and remaining challenges – of the UK’s new frequency response service Dynamic Containment (DC) were discussed at today’s Energy Storage Summit by a panel of experts and industry stakeholders. The sub-second, post-fault response service was first soft-launched in October 2020 and is – as Devrim Celal, CEO of energy tech firm Upside Energy, described today – “truly the first digital solution that’s come out of National Grid”. The service is largely lauded for its lucrative revenues, with Mike Ryan, UK commercial director at battery optimisation and energy trading firm Habitat Energy telling the audiences virtually gathered at the Summit that this is “clearly one of the things that’s attracting all asset owners” into the mark ....
Published: 23 Feb 2021, 16:20 By: Deputy Editor Gresham House Energy Storage Fund s Wickham Market battery is one of just 400MW of storage currently playing into Dynamic Containment. Image: Gresham House. Batteries are uniquely placed to enter multiple revenue markets, with the wholesale market becoming increasingly interesting. In this morning’s Energy Storage Summit 2021 keynote discussion, What is the key for really making money from batteries?, the panel talked through the numerous routes available to battery energy storage currently. The growth in the ancillary market remains one of the biggest avenues for revenue, in particular in the UK, where “the balancing services market is very attractive at the moment because it’s undersubscribed” said Ben Guest, managing director at stock exchange listed dedicated investment fund Gresham House Energy Storage Fund. ....
Published: 22 Feb 2021, 09:25 By: Andy Colthorpe GELI s new owner since the end of 2020 is vertically-integrated solar PV company Q CELLS. Image: Q CELLS via Facebook. Battery storage systems can deliver multiple services and provide customers and sites with backup power, but their value in doing so remains largely dependent on “highly sophisticated” software. Dan Loflin, CEO of specialist software company Growing Energy Labs Inc (GELI) and Dr Ryan Wartena, the company’s VP of strategy, spoke to California-headquartered GELI was notable in the industry for being one of the few pure-play software companies in the energy storage space, focusing on the commercial and industrial (C&I) market. Their value proposition largely included allowing C&I entities to lower energy costs by reducing peak demand and therefore the high proportion of electricity costs they have to pay to their electricity suppliers in the form of monthly demand charges, w ....
There has been growing uptake in battery energy storage in Midwestern US states that have traditionally depended on burning coal for electricity, with some “very big projects planned,” an analyst has said. ....