CIS grants 3.6GWh of energy storage in South Australia and
Victoria sees two successful energy storage projects in the CIS. Two Victoria-based projects were successful in the Capacity Investment Scheme. This includes energy
UK govt launches new scheme to boost renewable energy
The UK government has announced a new investment support scheme to accelerate the development of long duration electricity storage (LDES) technologies, including
Hungary: ''advanced'' subsidy scheme to drive BESS market
Hungary''s subsidy scheme for energy storage will drive huge growth in battery energy storage system (BESS) deployments over the next few years. Hungary has 40MWh of
Improving UK renewable energy storage and securing
The UK government is aiming to revolutionise their energy landscape through a new Long Duration Electricity Storage (LDES) investment support scheme This scheme will address longstanding issues that have
Designing the Capacity Investment Scheme
It''s worth noting, Mazouz says, that while 9GW of the CIS is specifically for storage-backed renewable energy, the growth of VRE overall, through the CIS and through
India''s Union Budget ''addresses energy
Minister of Finance Nirmala Sitharaman holds the budget''s iconic red cloth folder in 2021. Image: Gov''t of India Press Bureau. The Indian government''s decision to classify grid
New State aid scheme for financing energy storage capacities,
The state aid may cover up to 100% of eligible expenditure, with a maximum of EUR 10 million per company and EUR 100,000/MWh of installed storage. Eligible costs include
Powering up renewables with battery energy storage systems
India''s battery energy storage systems (BESS) market is poised for significant expansion, driven by ambitious renewable energy (RE) targets and an increasing need for grid
EC clears EUR-350m Portuguese aid scheme for renewables equipment
The European Commission (EC) has given the green light to a state aid scheme in Portugal that will back the production of renewable energy equipment in the Iberian country
Panama starts 500MW renewables scheme with energy storage
Panama has launched a 500MW tender auction for renewables and energy storage, the first in Central America to include storage. The bidding process – held by the
UK launches scheme to boost investment in long duration energy storage
Finance. Energy Markets; Water Markets; Water & Waste The UK Government has launched a new investment support scheme to encourage the development of
Energy storage ITC requires complex, costly tax equity financing
The investment tax credit (ITC) for standalone energy storage is an undoubted game changer for the US industry, but it isn''t easy or cheap to capture its benefits. The ITC
Spain publishes framework for cleantech manufacturing support
Inside a PV module assembly plant in Spain. Image: Exiom. The Spanish Ministry of Ecological Transition (MITECO) has published the regulatory basis for the €750
Boralex closes financing for Canada''s largest BESS
Boralex and partner SNGRDC closed a CA$538 (US$372.82) million financing for Canada''s 200MW/1,200MWh BESS park. Skip to content. Solar Media. Hydro-Québec
e-Zinc raises $25m for zinc-air ESS pilot scheme
e-Zinc raises $25m for zinc-air ESS pilot scheme 2022: Toronto-based e-Zinc has secured $25 million in a series ''A'' financing to start pilot production of its first commercial
''A very good year'': France toasts rapid energy storage growth
Energy-Storage.news reported a while back on the completion of an expansion at continental France''s largest battery energy storage system (BESS) project. BESS capacity
UK: Cap and floor support confirmed for long-duration energy
The Department for Energy Security and Net Zero (DESNZ) has reconfirmed its intention to introduce financial support for long-duration energy storage (LDES) projects by way
UK investment scheme to boost energy storage infrastructure
Other technologies, such as liquid air energy storage, compressed air energy storage and flow batteries, could also benefit from the scheme. Studies suggest that deploying
Plus Power closes financing on 300MWh BESS
Other recent Plus Power projects reported by Energy-Storage.news include the 90MW/360MWh Superstition BESS in Arizona for which the developer secured US$82 million
Japanese gov''t selects aggregators for JPY9 billion
The Japanese government has published list of battery aggregators that successfully applied to a scheme to promote energy storage systems. Skip to content. Energy storage developer NineDot has
New scheme to attract investment in renewable energy storage
Government will unlock investment opportunities in vital renewable energy storage technologies to strengthen energy independence, create jobs and help make Britain a
Government investment scheme launched to support long duration energy
The Department for Energy Security and Net Zero (DESNZ) has announced a long duration energy storage (LDES) cap and floor investment scheme to help bring forward
Cyprus approves its first energy storage subsidy scheme
Arizona''s largest energy storage project closes $513 million in financing In the USA, the 1,200 MWh Papago Storage project will dispatch enough power to serve 244,000
State aid: Commission approves €1.2 billion Polish scheme to
State aid: Commission approves €1.2 billion Polish scheme to support energy-intensive companies in the context of Russia''s war against Ukraine Brussels, 6 October 2023 The
What''s changed with the UK''s LDES scheme after the consultation?
Cruachan Dam, Scotland, an existing 440MW pumped hydro energy storage (PHES) facility, one of only four in the UK. Image: Drax Power. We take a look at the UK
EC clears EUR 1.2bn of Polish state aid for storage installations
The European Commission (EC) on Thursday gave the green light to a EUR-1.2-billion (USD 1.3bn) state aid scheme in Poland to support the installation of at least 5.4 GWh of
Making project finance work for battery energy storage projects
Why securing project finance for energy storage projects is challenging. of the Sheaf project financing was heavily influenced by that used for the financing of another earlier Pacific Green
Energy storage backed with over £32 million government funding
"Energy UK welcomes today''s announcement of a cap and floor financing scheme to support long duration energy storage. By providing long-term certainty and
Cellarhead Battery Energy Storage
Welcome to the information page for our proposed 100MW Cellarhead battery energy storage project. It includes details about our current plans for the site, and ways to share your feedback. Our planning application is available here on the
Government confirms cap and floor scheme for long duration energy storage
On 10 October 2024, the government published its responses to its consultation on a policy framework to enable investment in long duration energy storage (LDES).. The responses
State aid: Commission approves €1.1 billion Hungarian scheme to
Hungarian scheme to support the installation of at least 800 MW/1600 MWh of new electricity storage facilities. The scheme aims at enhancing the flexibility of the Hungarian electricity
6 FAQs about [Energy Storage Equipment Financing Scheme]
What is the long duration energy storage Investment Support Scheme?
Long Duration Electricity Storage investment support scheme will boost investor confidence and unlock billions in funding for vital projects. The UK is a step closer to energy independence as the government launches a new scheme to help build energy storage infrastructure.
What is the UK's energy storage Investment Support Scheme?
Credit: David Pimborough / Shutterstock. The government of the UK has launched a new investment support scheme aimed at bolstering the country’s energy storage infrastructure. The initiative aims to encourage the development of long-duration energy storage (LDES) facilities, which have not seen significant investment in nearly four decades.
How can the UK help build long-term energy storage capacity?
The UK government announced today the launch of a new scheme aimed at helping to build long duration energy storage capacity by enabling investment in critical infrastructure.
When will the 'long duration electricity storage' scheme be open?
The scheme’s first round is expected to be open to applicants next year. Beatrice Filkin, Director of Major Projects at Ofgem said: “We are pleased to see the government’s publication today on its plans for long duration electricity storage.
What is the investment support scheme?
The investment support scheme announced today will boost investor confidence and unlock billions in funding for vital projects which will help create thousands of jobs and deliver clean power as the country accelerates to net zero.
How many pumped storage hydro schemes are there in Great Britain?
Great Britain currently has 2.8GW of LDES capacity across four pumped storage hydro schemes in Scotland and Wales. Other technologies, such as liquid air energy storage, compressed air energy storage and flow batteries, could also benefit from the scheme.