Finland sees growing role for energy storage

Energy storage in Finland set to grow, as Landis+Gyr installs the largest battery system in the Nordics, which will help stabilise the electricity supply in Helsinki. Pic: Pixabay.

Energy storage in Finland set to grow, as Landis+Gyr installs the largest battery system in the Nordics, which will help stabilise the electricity supply in Helsinki. Pic: Pixabay.

By Jason Deign

Finland’s nascent grid-scale battery market is set to expand rapidly in the coming years, according to Landis+Gyr’s Northern Europe CEO Ari Tolonen.

He told Energy Storage Report his company was pursuing four other energy storage projects in Finland after completing the largest battery plant in the Nordic countries earlier this year.

Up to 4MW of battery storage could be installed across the country “very soon,” he said. “I believe we will see three or four cases a year. I expect to see this kind of system everywhere.”

In August, Landis+Gyr commissioned a 1.2MW, 600kWh battery system for Helen Electricity, a distribution system operator covering the Helsinki area of Finland.

The €2m Helen storage facility was built alongside Finland’s largest solar plant, a 340kW array in Suvilahti, and will also serve an 850kW PV project being built at nearby Kivikko.   
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Skeleton’s crew expands with German focus

Skeleton Technologies pitched to investors at The Business Booster in Barcelona (pic: InnoEnergy).

Skeleton Technologies pitched to investors at The Business Booster in Barcelona (pic: InnoEnergy).

By Jason Deign

Skeleton Technologies is expanding its top team and contemplating further cash injections as its sets its sights on a precious German market.

The Estonian ultracapacitor maker, which has so far raised €26.7m in funding, is looking for a vice president of global sales as it expands manufacturing into Germany, which is expected to account for a fifth of its global market.

The company was also showing off to potential investors and customers at a showcase event called The Business Booster (TBB), in Barcelona, Spain, last Thursday.

Having closed its round C funding, for €13m, this summer, programme director Egert Valmra appealed to TBB’s audience for a round D injection in support of UCGEN3, a ‘next-generation’ ultracapacitor programme led by Skeleton.

In the meantime, however, Skeleton is focusing attention on scaling up production in Estonia and building a presence in Germany, where it opened a factory this year. 
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Why you should aim for an open business model

Delegates at next year's Energy Storage Europe Conference will hear a plea for open business models (Pic: Energy Storage Europe 2016).

Delegates at next year’s Energy Storage Europe Conference will hear a plea for open business models (Pic: Energy Storage Europe 2016).

Energy storage developers and asset owners should aim to be technologically neutral to make the most of global markets, experts will hear next year.

Florian Mayr, partner and storage expert of management consultancy Apricum, is due to make the case for technologically open business models at the Energy Storage Europe Conference 2017 in Düsseldorf, Germany.

These models can benefit most from the growth of international storage markets as flexibility becomes a key factor for success in the industry, he claims.

“Today storage markets are still comparatively small and characterised by individual, often geographically determined application cases,” he said. 
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Moixa wants to install a million batteries by 2020

Moixa Energy Holdings wants its wall-mounted battery systems in a million homes by 2020. Pic: Moixa.

Moixa Energy Holdings wants its wall-mounted battery systems in a million homes by 2020. Pic: Moixa.

By Jason Deign

A UK energy storage system developer is looking to go from 650 installations today to 1m by 2020 with an aggregation-based residential business model.

London-based Moixa Energy Holdings is positioning itself as a utility’s friend by aggregating residential storage assets into a virtual power plant that provides ancillary grid services, then sharing the rewards with its customer base.

On its website, the company claims its GridShare service can earn homeowners between GBP£50 and £75 a year, or “almost 15% of the average electricity bill.”

Chief executive Simon Daniel told Energy Storage Report that 2016 was a scaling-up year for Moixa, which began piloting smart battery technology in 2012 and launched its current products two years ago.

The company is expecting to shift up to 100,000 storage systems within the next 36 months, Daniel said. And although Moixa is looking to bolster sales abroad, most of that capacity could go online in the UK. 
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The nuclear plant powering debate over storage

Artist's view of the Hinkley Point C nuclear plant. Image: EDF Energy.

Artist’s view of the Hinkley Point C nuclear plant. Image: EDF Energy.

By Jason Deign

A surprise U-turn over a UK nuclear power plant has ignited debate over whether renewables, backed by storage, might not be a better alternative.

Last month the UK’s new, post-Brexit administration raised eyebrows after announcing a further review of Hinkley Point C, a controversial nuclear power plant that was supposed to have been given the final go-ahead on July 29.

UK officials rushed to issue assurances after the postponement threatened to spark tensions with China and France, the international partners in the GBP£18bn project.

“The UK needs a reliable and secure energy supply and the government believes that nuclear energy is an important part of the mix,” soothed Greg Clark, business, energy and industrial strategy secretary, in press reports.

The government said it would now make its final decision “in early autumn,” he said.
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Azores project key for island microgrid credibility

Gorona del Viento: poor performance means other island microgrids are under scrutiny. Photo: www.animam.photography.

Gorona del Viento: poor performance means other island storage projects are under scrutiny. Photo: www.animam.photography.

By Jason Deign

A project on Graciosa, Azores, has become key for the credibility of island-based storage following concerns over another plant more than 1,500km away.

The Younicos project on Graciosa is set to go live within weeks amid speculation that another attempt to power an island off renewables, in El Hierro, Canary Islands, has failed to meet expectations.

El Hierro’s Gorona del Viento plant, which combines an 11.5MW wind farm with a pumped hydro storage system, was launched with much fanfare in 2014. Its initial aim was to replace 80% of diesel generation needed for the island grid.

Last month, the plant operator revealed the EUR€82m Gorona del Viento had allowed El Hierro to run continuously off nothing but renewable energy for 55 hours.

And last week Gorona del Viento said the plant supplied 67% of the island’s power throughout July and had set a new record of 76 hours with 100% renewable production.
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Brexit fallout: higher UK energy storage costs

The UK's departure from the European Union is making storage more expensive.

The UK’s departure from the European Union is making storage more expensive.

By Jason Deign

One immediate result of the UK’s decision to leave the European Union is likely to be higher energy storage costs, Energy Storage Report has learned.

The June 23 vote to split with the Union, led by England and Wales, sent sterling tumbling against the dollar. Each pound was worth USD$1.48 on the day of the referendum, versus $1.31 yesterday, an almost 12% drop.

Sterling has also fallen almost 9% against the euro, from €1.30 on June 23 to €1.19 yesterday. This means the cost of importing storage technologies has likely risen by around 10% in the last month.

Nor is it clear whether sterling’s malaise is likely to improve over time.

Joseph Wright of Pound Sterling Forecast this week said: “Moving forward I’m expecting the financial data to continue to disappoint on release, mostly due to the uncertainty created by the Brexit.
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Liquid air energy storage firm goes fundraising

Highview's pre-commercial demonstration plant is due to enter operation this summer. Image credit: Highview Power Storage.

Highview’s pre-commercial demonstration plant is due to enter operation this summer. Image credit: Highview Power Storage.

 

By Jason Deign

Highview Power Storage has launched a growth capital fundraising round amid commissioning for its first pre-commercial liquid air energy storage plant.

The 20-strong UK company is looking for an unspecified amount of cash but will most likely not be talking to venture capital (VC) investors, head of business development Matthew Barnett told Energy Storage Report.

“Rather than going down the VC route, we’re sticking with high-net-worth angel investors and strategic investors,” he said.

The latter group might include businesses that could add value to Highview’s offering, such as an engineering capability, a route to market or complementary technology, said Barnett.

“If a VC came up with GBP£15m then that’s a different story, but there’s a time and a place for a VC to be involved,” he continued. “Maybe we’re entering that now, maybe we’re not.
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