Hot News about Energy Storage | October

Hot News

South Africa: Construction of South Africa's first municipal solar power plant begins

Cape Town will become the first city in South Africa to own and operate its own solar power plant. The City of Cape Town, South Africa, has begun construction of a 7 MW solar power plant, which will be owned and operated by the city. The city has also launched a tender for the construction of a 5 MW/8 MWh battery energy storage system at the same site. According to a statement from the Cape Town government, similar projects are planned to be launched in the area in the coming years. The government has pledged to invest 39.5 billion South African rand in infrastructure between July 2024 and June 2027.

Germany: German large-scale battery storage capacity could increase fivefold by 2026

German solar trade body BSW-Solar expects the capacity of large-scale battery storage systems installed in Germany to increase fivefold by 2026.

BSW-Solar has installed 1.8 GWh of capacity to date and expects to add around 7 GWh by 2026 in systems with a connected capacity of at least 1 MW, according to an analysis by Enervis on behalf of the member body. Enervis took into account pre-registered projects in the market master data register as well as company announcements.

United States: US electricity generation grows, with solar leading the way

In 2024, the U.S. grid generated more than 109 TWh of electricity, or 4.5%, through the end of July. The increase was driven primarily by an increase in methane generation of 52 TWh, while solar contributed an additional 36 TWh. The U.S. Department of Energy’s Energy Information Administration (EIA) has released its September Electricity Monthly Report, which includes data through July 2024.

Solar generation increased nearly 26% year-over-year, and electricity consumption in July 2024 increased 1% compared to July 2023, with generation increasing 4.5% from January to July 2024, while residential electricity prices increased 4.6%.

Nationally, solar generation has been steadily increasing and now accounts for 6.22% of all electricity generation over the past 12 months, PV Intel’s summary of national solar data shows. This is a 20% increase from the 5.16% of all electricity generation that solar accounted for the previous year.

Data News

United States: 3 GW / 10.5 GWh of energy storage systems will be installed in the United States in the second quarter of 2024

As intermittent renewable energy generation increases, U.S. energy storage installations continue to grow to meet electricity demand. The Wood Mackenzie report pointed out that in the second quarter of 2024, the United States added 3,011 and 10,492GWh of energy storage, the second highest in history, second only to the fourth quarter of 2023. This year, California, Arizona and Texas accounted for 85% of the installations, and it is expected that 12.8GW/36.9GWh will be deployed throughout the year.

Portugal: European Commission approves €1 billion in state aid to support energy transition in Portugal

The European Commission has approved a €1 billion Portuguese plan to support investments in the production of necessary equipment to facilitate the transition to a net-zero economy.

The plan, which is in line with the Green Deal industrial plan, was approved under the Temporary Crisis and Transition Framework (TCTF) for state aid adopted by the European Commission last year. Under the measure, aid will be provided in the form of direct grants to companies producing relevant equipment, such as batteries, solar panels, wind turbines, heat pumps, electrolyzers, carbon capture use and storage equipment. As well as key components designed and primarily used as direct inputs for the production of such equipment or related key raw materials required for the production of such equipment.

Greece: Greece added 1.5 GW of solar power capacity in January-September

New data shows that Greece’s solar sector is growing faster than expected and could reach the country’s 2030 target of 13.5 GW by 2026, the Hellenic Association of Photovoltaic Companies (Helapco) said. Its cumulative PV capacity could exceed 9.2 GW by the end of this year.

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