Energy Storage & Hydrogen News - February 16th, 2024
This week's TOP 5+1 features news on the announcement of 2 projects in Europe: a 20MWh in Portugal by Galp, and a 40MW BESS in Finland by Helen. Romania is also seeking at least 240MW and 480MWh in storage for grid support, and Equis Australia will receive AU$400m for its BESS project in Melbourne. On another note, the containerized BESS costs are expected to decrease even more in 2024. Finally, Spanish utility Naturgy is granted EUR42m for a green hydrogen project in Spain by the EU.
Top 5 Energy Storage news
1. Selected by Galp, system integrator Powin will install a 20MWh battery at a PV plant in Portugal, its first in Europe.
2. Finnish utility Helen is launching a 40MW BESS in Finland and aims to begin commercial operation in 2025.
3. The Ministry of Energy of Romania seeks at least 240 and 480MWh of storage resources through a competitive solicitation, to help grid integration of renewable energy.
4. Equis Australia and the State Electricity Commission are receiving AU$400m in financing for their Melbourne Renewable Energy Hub battery storage project.
5. Containerized BESS costs are expected to come down a further 18% in 2024, says Clean Energy Associates.
+1 Hydrogen news