Energy Storage News - March 27th, 2020

This week’s TOP 5 talks about NextEra’s plan to co-locate 591 MW of storage with its renewable projects by 2022,  the expansion of Gresham House’s energy storage portfolio following the purchase of a 50 MW project in England, a 15.4 million AUD grant for seven community-owned solar and storage projects in Australia, an alarming study of the US Energy Storage Association about the impact of the COVID-19 pandemic on the national storage industry and the Avalon-redT merger.

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1. Set to benefit from the falling cost of energy storage, NextEra Energy is planning to couple more than 591 MW of storage to its renewable projects by 2022.
2. The Gresham House Energy Storage Fund inked a purchase deal for the 50-MW Thurcroft project located in South Yorkshire, England..
3. New South Wales‘ government granted AUD 15.4 million to seven community-owned projects totaling 15.9MW/22.3MWh of battery storage plus 17.2 MW of solar and a 2MW/17MWh hydrogen storage system.
4. Despite industry assurance, an ESA survey highlighted the ‘immediate and potentially devastating’ impact of the COVID-19 pandemic on the US storage industry.
5. Vanadium redox flow battery leaders Avalon and redT combined to create Invinity Energy Systems.