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Published: 4 Mar 2021, 13:50 By: Andy Colthorpe AES Alamitos 100MW / 400MWh project in California; the first instance of four-hour duration battery storage commissioned as a direct replacement for natural gas peaking capacity. Image: AES Corporation. The US’ installations of advanced energy storage almost entirely lithium-ion battery systems went beyond the 1GW mark in 2020, while in capacity terms the figure was close to 3.5GWh. Research firm Wood Mackenzie Power & Renewables’ quarterly US Energy Storage Monitor report which forecasts, then records and analyses energy storage deployments. The latest edition, gathers together stats for Q4 2020 while collating the full-year data for the whole of last year. ....
Monument Re Limited: Monument Re Acquires Variable Annuity Portfolio From Athora Life Plc. Monument Re announced today that, subject to necessary Irish High Court and regulatory approvals, it has agreed to acquire the closed-block portfolio of variable annuities from Athora Ireland plc, a wholly-owned subsidiary of Athora Holding Ltd. Financial terms of the transaction were not disclosed.
We are pleased to have reached agreement with Athora to acquire this block of business which further reinforces our position as the market leading consolidator in Ireland, said Manfred Maske, CEO of Monument Re. About Athora Holding Ltd. Athora is a specialised insurance and reinsurance group fully focused on the European market. Athora dedicates its focus, capital, time and technical insights to offering its customers a stable, long-term performance on its products. Athora s principal subsidiaries are Athora Netherlands N.V. (Amstelveen, Netherlands), Athora Belgium N.V. ....
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. ....