After the outlook for European gas-supply security improved significantly in May 2022, current developments are worrying. First, it is announced that US LNG export capacity is limited for the near future, then Russia significantly cuts supply volumes via the important Nord Stream 1 pipeline.
The results of the tenders for renewable energies were almost predictable. Minimum distances for wind parks and the 52-GW cap for PV remain contentious issues. The figures for the storage sector for 2019 are consistently positive. The effects of the global spread of the new corona virus are particularly noticeable in the energy sector on the price side.
The marketing strategy plays a key role in assessing the revenue potential of battery storage on the spot market. Read here about the revenue potential and how marketing strategies differ in terms of effort and results.
In the following guest contribution Kyle Pennell digs into the issue of lithium availability for battery electric vehicles. Lithium ion batteries have several advantages over other battery types. And while they’re still more expensive than their lead-acid counterparts, lithium ion batteries have been steadily declining in price.
With the aid of blockchain, Europe’s first blockchain project for grid service has started. The transmission system operator TenneT and the battery manufacturer sonnen have started to use the Blockchain from now on in a pilot project.