
How can batteries stabilize the market and cannibalize themselves at the same time?
A report analyzes possible scenarios with 20 GW of storage capacity in Spain, which could mitigate electricity market volatility but also reduce its own revenues.
A report analyzes possible scenarios with 20 GW of storage capacity in Spain, which could mitigate electricity market volatility but also reduce its own revenues.
Plug-in solar energy is becoming an affordable and easily accessible alternative in Europe, driving the democratization of renewable energy and challenging grid connection regulations. In Germany, there are already up to 4 million systems installed, according to a report from SolarPower Europe.
On March 17, the new structure, which seeks to align the Spanish electricity system with European regulations, comes into effect. This represents a technical challenge for retailers, generators, and consumers with limited digital capabilities.
In the year to date, renewable production supplied 77% of consumption, divided between hydroelectric with 38%, wind with 28%, photovoltaic with 6% and biomass with 5%. Natural gas production supplied 13% of consumption, while the balance of trade with foreign countries supplied the remaining 10%.
“The United States is one of Iberdrola’s main investment destinations. To the 50 billion dollars invested over the last 20 years, we will add more than 20 billion dollars by the end of the decade to modernize, expand and digitalize network infrastructures”, Ignacio Galan, Executive Chairman of Iberdrola.
Sungrow has announced its partnership with Renewable Power Capital (RPC) to supply its advanced PowerTitan 2.0 liquid-cooled energy storage system for the Kalanti 50MW/100MWh BESS project, located in Uusikaupunki, in the southwest part of Finland.