Price of EK energy storage battery in Warsaw
The auction held by Polskie Sieci Elektroenergetyczne S.A. (PSE – an electricity transmission system operator in Poland and the sole operator of the country's high-voltage transmission lines, 100 percent owned by the State Treasury) on December 12, 2024, ended in the seventh Dutch auction round with a strike price of PLN 264.90/kW/year for Polish physical units and 247.87 PLN/kW/year for foreign physical units in the synchronous profile zone. [pdf]
Companies investing in energy storage power
Significant players active in energy storage projects include: (1) Tesla, a leader in battery technology, invests significantly in storage solutions, (2) Siemens, focusing on large-scale grid storage systems, (3) NextEra Energy, which allocates resources to renewable energy storage, and (4) LG Chem, enhancing lithium-ion battery production aimed at various applications. [pdf]
Guinea wind power project supporting energy storage
In 2019, the Guinean government signed a memorandum of understanding with a Chinese company to develop a 120-megawatt wind farm The hybrid project, located in the Oriental Mindoro province, will combine an existing 16 MW wind power facility and a battery storage solution with an in-house central control system managing the energy produced at the plant. [pdf]
Philippines Cebu Energy Storage Power Purchase
Meralco PowerGen Corporation (MGEN), through its subsidiary Toledo Energy Development Corporation, has sealed an Engineering, Procurement, and Construction (EPC) agreement with Contemporary Amperex Technology Co., Limited (CATL) and SUMEC Complete Equipment and Engineering Co., Ltd. (SUMEC) for a 49-megawatt Battery Energy Storage System (BESS) in Toledo, Cebu. [pdf]
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