News Brief June 07 – UK Battery Project, Energy Vault, Sumitomo

news in briefs in renewables

Gresham House secures PPA for 568MW battery projects in UK

An Octopus Energy subsidiary and Gresham House Energy Storage Fund have engaged into a power purchase agreement (PPA) for 14 of the company’s battery projects in the UK, totaling 568MW/920 megawatt hours (MWh). Commencing on July 1, 2024, the two-year fixed-price contracts will cover around half of the company’s target portfolio of 1.07GW. Octopus Energy will use the battery storage installations in accordance with the PPA, paying a set charge per megawatt.

Sumitomo to install 500MW battery storage in Japan by 2031

According to Reuters, the Japanese trade company Sumitomo intends to significantly boost its battery storage capacity from the present 9MW to 500MW by March 2031. With the increasing integration of renewable energy sources, the project aims to improve the stability and efficiency of the nation’s energy system. As the nation looks to renewable energy to help it fulfill its decarbonization goals and improve its energy security, battery storage will be essential to controlling the sporadic nature of wind and solar power generation.

GOLDBECK SOLAR and RheinEnergie Unveil 32 MWp Lärz/Rechlin Solar Park

GOLDBECK SOLAR and RheinEnergie opened the Lärz/Rechlin solar park. The ceremony was attended by official representatives of the state government of Mecklenburg-Vorpommern and numerous partners from the energy sector. With a 32 MWp total capacity, the Lärz/Rechlin solar facility can provide enough clean electricity to power about 10,000 households. Over 30 hectares are occupied by 56,800 bifacial Canadian Solar modules in this system. The integration of a 7 MWh battery storage system from INTILION is a major project highlight that guarantees the availability of electricity even at night or during periods of low solar radiation.

Energy Vault Signs EPC and O&M Contract with ACEN Australia for 200 MW/400 MWh Battery Storage Systems

Provider of grid-scale, sustainable energy storage solutions, Energy Vault Holdings, Inc., has announced that it has signed an agreement with ACEN Australia to supply two 400 MWh battery energy storage systems (BESS). The systems and the New England Solar project by ACEN will be housed together. Under the terms of the EPC and O&M agreements, Energy Vault will supervise the engineering, procurement, construction, operation, and maintenance. This year will see the commencement of construction on the 200MW/400MWh BESS in New South Wales, with operations scheduled to commence in 2026.