I recall in a recent interview with Matt Harper than one of problems with the UK BESS market was that the contract specifications didn’t play to the strengths of VFRB e.g. max durations matched the limits of a lithium battery not the full capabilities of VFRB.
Electricity prices are often set based on the 'marginal source' – the most expensive one that has to come online to meet demand. This paper found that in 2021, gas set the price for UK electricity 98% of the time (bottom-right corner).
RE: EU fossil electricity production hits record low3 Sep 2023 18:53
Sometimes you have to read further than the headline!!
“We realise this comes across as paradoxical,” said Guido Steffen, a spokesperson for RWE. “But that is as matters stand.” Rebuilding the turbines to make way for the expanding mine was part of the original agreement that allowed the windfarm to be constructed in 2001, he added, and not a result of a recent change of German energy policy.
EU fossil electricity production hits record low3 Sep 2023 08:57
In countries including Spain and Poland, solar power has at times been cut off to avoid overwhelming power grids or because it is cheaper to cut off solar power than switch off fossil fuel power plants.
“There are hot-spots of grid congestion and renewables curtailment,” Ember analyst Chris Rosslowe said.
“One really quick thing that could be done is accelerating the deployment of storage on the grid. Battery storage projects can be constructed very quickly,” he said.
They make their money selling and installing VFRB's. No presentation has ever discussed them managing power flow services, that is where the likes of Gore Street Energy Storage Fund come in.
The political tailwinds driving European lithium development
European Metals Holdings Limited (ASX:EMH) Executive Chairman Keith Coughlan discusses the European demand for lithium and the scale of the company's Cinovec project.
The political tailwinds driving European lithium development
European Metals Holdings Limited (ASX:EMH) Executive Chairman Keith Coughlan discusses the European demand for lithium and the scale of the company's Cinovec project.
Invinity Energy Systems (IES-LN) will be hosting a Non-Deal Roadshow Investor group webinar on Thursday 26th January at 4pm
We see this as a unique opportunity for investors to get an update on project developments which include a representative of Gamesa Electric.
The company will represented by members of the IES team: Larry Zulch, CEO, Matt Harper, CCO and Jonathan Marren, CFO as well as Damian Perez de Larraya, Director Product Management & Business Development, who is a representative of Gamesa Electric: