The levelised cost of electricity (LCOE) that can be achieved today for battery energy storage means that “new-build batteries can be competitive on cost with gas peaker plants," according to BloombergNEF. Our sister site PV Tech reported yesterday that according to analysis BloombergNEF’s newly-published LCOE reports, solar’s levelised cost of electricity has fallen below
The Committee on Climate Change (CCC) has called for low carbon and climate-resilient infrastructure to be at the heart of the government’s approach to rebuilding the UK after COVID-19. In an open letter sent to Prime Minister Boris Johnson today, the CCC outlined five measures that should be taken as the country moves on
Renewable electricity may be only source to withstand biggest shock in 70 years Renewable electricity will be the only source resilient to the biggest global energy shock in 70 years triggered by the coronavirus pandemic, according to the world’s energy watchdog. The International Energy Agency said the outbreak of Covid-19 would wipe out demand
“Dramatic” recent gains have pushed solar’s levelised cost of electricity below US$30/MWh and will see the industry break the US$20/MWh average in a decade, BloombergNEF (BNEF) has said. New analysis from the consultancy found that utility-scale solar and onshore wind new-builds have become the cheapest option in countries home to two-thirds of the world’s population,
Battery storage systems are emerging as one of the key solutions to effectively integrate high shares of solar and wind renewables in power systems worldwide. A recent analysis from the International Renewable Energy Agency (IRENA) illustrates how electricity storage technologies can be used for a variety of applications in the power sector, from e-mobility
Last year saw renewables records broken across the board as renewables produced nearly 37% of the UK’s power, according to new data released by the Department for Business, Energy and Industrial Strategy (BEIS). In 2019, renewables generated a record breaking 36.9% of the UK’s electricity, it announced today (26 March). Of this, wind power
I heard a solar developer say that if the solar development was checkers, storage looks like three-dimensional chess, or for some, like a Swiss Army knife. Storage is complicated, and a new study of the value of energy storage explains some patterns we see in energy storage adoption and deployment. This helps explain why
The UK solar market has seen great change over the last year, with prices falling dramatically, leading to the growth of subsidy free developments as the sector comes of age. Following the closure of the feed-in tariff (FiT) in the UK on 31 March 2019, clean energy company AMP launched a funding partnership with
What do you get from a home battery install.
Energy storage capacity is increasing in the UK, with the announcement of a major new deal to deliver two 50MW battery superhubs in Oxford and Kent by the end of this year. The deal between Pivot Power, part of EDF’s renewables arm and Finnish tech firm Wartsila will mean 100MW of storage capacity between