Swiss investors enter Texas battery energy storage projects; NHOA deploys battery energy storage systems in Western Australia; India is bidding for 7.7GWh of energy storage projects

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　　A: A total of 100MW! Swiss fund investor SUSI acquires 10 battery storage projects in Texas

　　Swiss fund investor SUSI Partners said a few days ago that it has acquired 10 battery energy storage projects in the planning stage in the US state of Texas.

　　SUSI Partners and SMT Energy have jointly acquired a portfolio of battery energy storage projects with a total installed capacity of 100MW. Each battery storage system in the portfolio has an installed capacity of 10MW.

　　John Switzer, CEO and founder of SMT Energy, said the company could move these energy storage projects from planning to construction in more than a year. The two parties own and operate a number of projects in South Texas that will enter the Electric Reliability Commission of Texas (ERCOT) wholesale electricity market when they open.

　　(Battery storage project developed by renewable energy developer Eelpower in the UK)

　　"Our vision is to have a complete, commercial, grid-side energy storage portfolio in Texas, and it takes the right partners to do it together," Switzer said.

　　The Electric Reliability Commission of Texas (ERCOT) service area covers approximately 80 percent of the state's customers, making it an ideal area for battery energy storage development and deployment.

　　Several energy developers began entering the Electric Reliability Commission of Texas (ERCOT) service area a few years ago: Small-scale battery storage projects (with installed capacity below 10MW or less) benefit from a faster regulatory approval process. But as developers gain more experience and have proven the economics of these projects, they tend to deploy larger-scale energy storage systems.

　　These energy storage projects in the portfolio are scheduled to be commissioned in the first half of 2023.

　　Andrew Waranch, CEO and founder of Spearmint Energy, the developer of the two companies' joint venture, wrote in an article on his website last month that the deployment of battery storage in Texas is due to the region's The social, environmental, technological and economic aspects of the world have compelling drivers.

　　Texas and California are currently the two leading U.S. states in energy storage deployments.

　　In addition, SMT Energy acquired a 340MWh customer-side battery energy storage project in Los Angeles in 2019, and before that, invested in various large-scale commercial and industrial (C&I) battery energy storage projects in Ontario, Canada. SUSI Partners has also formed a joint venture (JV) with UK energy developer Eelpower to acquire a 1GW energy storage project and a portfolio of 150MW energy storage projects in the UK battery storage market.

　　SUSI Partners said the transaction is its second transaction in the U.S. battery energy storage market after the California transaction, and it is also the first investment in the new energy transition fund SETF it launched. SUSI Partners manages funds of approximately 1.7 billion euros ($1.73 billion) from institutional investors.

　　Richard Braakenburg, head of equity investments at SUSI Partners, said: “We successfully completed the deployment of our dedicated energy storage fund last year, and this investment through our Equity Energy Transition Fund will deliver on our commitment to battery energy storage to enable become an important driver of renewable energy integration.”

　　B: 100MW/200MWh! NHOA deploys battery storage system in Western Australia

　　Electric vehicle and energy storage developer NHOA has begun a 100MW/200MWh battery energy storage system using lithium iron phosphate batteries in Western Australia.

　　The Western Australian government said on August 5 that NHOA had deployed the first energy storage unit in a planned total of 600 energy storage units, and the deployment of the remaining units will take two months to complete.

　　(Rendering of the battery energy storage system deployed by NHOA for Synergy)

　　The engineering, procurement and construction (EPC) contract for the project was awarded to NHOA in October last year by Australian energy producer and retailer Synergy, which also deals in wholesale energy. The project will be deployed in the Kwinana area, south of Perth.

　　According to a press release issued by NHOA, the battery storage system will participate in renewable power transfer, storing excess solar power generation and discharging it during peaks in grid demand.

　　The Western Australian government plans to deploy 1,100MW of energy storage as part of an A$3.8 billion ($2.6 billion) renewable energy infrastructure package announced in June.

　　Western Australia Premier Mark McGowan said: "We thank NHOA for their trust and investment in Western Australia with the establishment of their regional headquarters in Perth. I recently visited their headquarters to express my gratitude for their support."

　　Western Australian Energy Minister Bill Johnston added, “The energy storage system using lithium iron phosphate batteries will cover an area about the size of a football field and a half and will be connected to the grid. Synergy will also install a battery management software system to optimise its performance and longevity.”

　　C: India is bidding for 7.7GWh of energy storage projects

　　Research shows that given the intermittency of wind and solar power generation, there is a growing demand for energy storage systems to provide 24/7 power.

　　India currently has a cumulative installed energy storage capacity of 27.2GWh of energy storage systems, 7.7GWh of energy storage projects under bidding, and 1GWh of pumped storage hydropower projects under development.

　　In 2021, India's energy storage tender activity has grown by 41% year-on-year, indicating strong growth in energy storage projects.

　　India's energy storage sector is expected to see greater growth by 2030 as battery manufacturing capacity increases, reducing overall production costs.

　　The two-day Mercom India Solar Summit 2022 took place on July 28 in New Delhi, India, and discussed issues related to energy storage technology and markets under the theme "Energy Storage Systems: What Are We Waiting For?" Panelists shared lessons learned from the global energy storage market, the role of short- and long-duration energy storage, and technologies that can address various pain points.

　　Regarding the demand for energy storage projects, Naveen Khandelwal, Chief Operating Officer and Chief Financial Officer of Mercom Capital Group, said, “In addition to increasing the installed renewable energy capacity, there is also a need to increase the proportion of renewable energy in the grid. Very important. We need to make sure that renewable energy is dispatchable, which can be done by adding energy storage capacity.”

　　Khandelwal suggested that India should pay more attention to various energy storage technologies, which will help India achieve its energy goals.

　　He said: “Lithium-ion batteries have become synonymous with energy storage systems. But the problem is that it is not feasible to use only one energy storage technology. We need multiple energy storage technologies for long-term and short-term options. It is clear that energy storage The space is innovating. Long-duration energy storage should be seen as a different asset class.”

　　Sumitomo Corporation vice-president Upma Koul added that most components of energy storage technology can be manufactured in India, stressing the importance of long-term planning.

　　Sanskriti Dubey, Marketing Director at Fluence, said: “Energy storage has a promising future in India and will soon become mainstream. India should create a level playing field. Setting energy storage targets is a big step in that direction. We have to look at the needs of the grid and think about what is needed to balance the grid. We need to learn from developments in Australia and implement it according to the specifics of India. We should consider the design requirements, parameters and decommissioning of any energy storage project.”

　　Khandelwal said it was necessary to continue the momentum and increase the number of tenders for hybrid deployment projects. He said, “We should support multiple energy storage technologies, while looking at energy storage systems in a multi-dimensional way, and regulatory policies should be consistent. Seasonal energy storage systems are also a technology that can help provide 24/7 power, which is very important during monsoons. Wind power projects that operate during this period are critical. Energy storage systems can help provide electricity at other times of the year.”

　　Khandelwal stressed that India is a cost-conscious market and combining energy storage technology with other technologies is a viable approach. He pointed out that since electricity is a parallel discipline, it should run and work together to achieve energy goals, which will help the dispatch of energy storage systems.

　　Koul emphasized the importance of developing ancillary markets. India currently does not have any ancillary services mechanism to develop ancillary markets in India. Energy storage systems will play an important role in the energy transition of many companies and sectors.