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energy storage

A sharp drop in battery costs and the nascent sector’s ability to solve renewables’ intermittency issues could create a $1.2trn investment opportunity over the next two decades, according to a panel at the Infrastructure Investor Summit.
The UK fund manager could come back to market next year to raise further funds after falling short of its $257m target.
Infratil and Mercury launched a joint bid to take 100% ownership of Tilt Renewables, which holds 11% of Australia’s installed wind capacity.
The Walsh & Co-managed entity has secured a 15-year PPA for 69% of Beryl Solar Farm’s output and is considering a battery installation to enhance risk-adjusted returns.
CEO Tobias Reichmuth tells us 75% of the fund’s projects must come with long-term capacity agreements, how SUSI is mitigating risk and the returns premium first-movers can extract from the sector.
Macquarie Group’s investment arm has tapped Tesla veteran Greg Callman to lead its efforts in energy storage and distributed solutions, areas it predicts will have a ‘transformational role’ in the coming decade.
The move comes 18 months after the listed fund began ‘exploring the feasibility’ of co-location.
Despite a clear need and high growth potential, investors have not backed the energy storage sector in large numbers, partly due to a lack of standardised contracts, finds Jordan Stutts.

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