Wärtsilä has been contracted to supply a 25 MW / 48 MWh energy storage system to GIGA Storage to help stabilise the electric grid. Dubbed ‘GIGA Buffalo battery’ – the unit will be the first large-scale energy storage project based on lithium iron phosphate (LFP) chemistry in Europe and is due operational in October 2022.
Sembcorp Energy UK plans to build Europe’s largest battery – a 360 MW energy storage system – at Wilton International on Teesside. The project will help the UK reach its Net Zero emission targets while increasing the resilience and response rate of the electricity network in the face of a growing renewables build-out.
Growth rates of 5.9% through 2030 could help push the global market for lithium-ion phosphate batteries beyond US$9.9 billion by 2030, up from US$5.6 billion in 2020. Tesla’s Models 3 and Y, for instance, use such batteries but the high cost of lithium-iron phosphate remains “a restraining factor,” – as is the “high presence of alternatives [technologies]," ResearchandMarkets cautioned.
Wärtsilä has been contracted to supply an 8 MW/32MWh energy storage to Colbun who will co-locate the system with its 230 MW Diego de Almargo solar PV facility in Chile’s Atacama region – well-known for its solar radiation. The energy storage unit will be provided on an engineering and equipment delivery (EEQ) basis, due operational in Q4-2022.
With over 124 GW of coal, gas and nuclear capacity to be displaced in Europe by 2030, investment in new solar combined with energy storage is set to surge. The rising diversification of asset ownership in distributed energy storage could unlock a 40-GWh market, with some analysts anticipating 12x market growth in this decade.
Boston-based SES, formerly known as SolidEnergy Systems, has introduced Apollo – a 107 Amp-hours (Ah) lithium-metal battery, the largest commercially-ready battery in the world and a breakthrough for the automotive industry. The Li-Metal batteries will be manufactured at Shanghai Giga, a 300,000 square-foot factory due to be built by 2023.
Wärtsilä has been contracted to supply an energy storage system to Zenith Energy, an Independent Power Producer (IPP) in Australia. Zenith sells most of its electricity to large mining companies, so the 9.2 MW / 8.7MWh energy storage will address cyclical load demand in an underground mine, operating in parallel with an engine-driven power plant.
Finish technology group Wärtsilä will supply a 250 MW / 250 MWh battery energy storage system to AGL Energy for installation at the 1,280 MW Torrens Island Power Station in South Australia by early 2023. AGL plans up to 1 GW of grid-scale energy storage across Australia, mostly to back up renewables.
Investment in solid state batteries is surging with technologies close to mass production and IDTechEx forecasts the overall market may well grow to over $8 billion by 2031. Replacing liquid electrolytes with solid-state counterparts pushes the energy density beyond 1,000 Watt-hours per litre (Wh/L), while enhancing operational safety and durability.
Britain’s latest ‘Innovation Strategy’ incentivises power generators and distributor to invest into analysing consumers’ demand patterns. If billions of meter level interval data produced daily by UK smart meters remains untapped, it will be hard to integrate electric vehicles, offshore wind and energy storage, Innowatts CTO David Boundy warned.
Pivot Power, part of EDF Renewables, has contracted Wärtsilä to supply 100MW / 200MWh of energy storage systems on the outskirts of Birmingham to support the city’s network of electric vehicle chargers. Construction at the Sandwell site is due to start in the fourth quarter of this year, and at Coventry in the first quarter of 2022.