December 18th, 2015
This week’s “Top 5” includes a 1GWh order to LG Chem by AES, storage being unsuccessful in the UK capacity market auction, a MoU between Samsung SDI and E.ON, the installation of a flywheel demonstration project in Ireland and two new projects for RedT.

Top 5

  1. « AES Energy Storage and LG Chem announced a multi-year agreement that provides access to a gigawatt-hour (GWh) of lithium-ion battery capacity with the option to procure additional capacity for the AES Advancion® energy storage solution. »
  1. Full results of the UK Capacity Market Auction were released and all of the 153MW of storage bid was unsuccessful in this auction. 46.4GW were contracted at a price of 18£/kW, and the majority of successful plants are existing CCGTs and nuclear facilities.
  1. Samsung SDI and E.ON signed a memorandum of understanding to develop “profitable energy storage solutions and (…) to assess and develop a potential business model for targeting applications for Lithium-Ion batteries in selected regions and markets”.
  1. A flywheel hybrid energy storage demonstration plant has been officially launched in Ireland, as part of the Ireland smart grid program. It consists of two 160 kW Beacon Power flywheels and 240kW of Hitachi Chemical valve-regulated lead acid batteries.
  1. The Vanadium redox-flow battery manufacturer RedT announced that it will supply 5 to 40kWh systems to two different customers, one in Germany and the other in the UK.

Best Regards,