Coal miner and power generator LEAG plans to build a 200 million euros ($216.12 million) renewable energy storage system in eastern Germany, it said on Thursday, as part of a wider plan to move away from lignite, the most polluting form of coal.
Germany’s second-biggest coal miner plans to invest €1.5 billion ($1.6 billion) in renewable energy at one of its lignite operations as the government increases pressure to phase out the dirtiest fossil fuel.
A massive “Green Powerhouse” is taking shape in Eastern Germany, with green hydrogen and flow battery energy storage to gild the wind and solar lilies.
Alan Greenshields, Director of Europe at ESS Inc, charts the road to net zero, highlighting the crucial role of energy storage in the electric vehicle and renewables revolution
Fire and lithium batteries are not an issue with ESS, which makes iron flow technology for storage applications that require up to 12 hours of energy capacity.
With lithium-ion batteries raising ESG-related concerns, investors are increasingly seeing value in long-duration storage.
The United States is positioned to massively expand its renewable energy industry. But in order to build out U.S. renewable infrastructure to its fullest potential, we will need to better address energy storage. Iron-air and iron-flow batteries are promising solutions with the potential to help renewable energy truly scale up.
Finding the most efficient way to pay for the energy transition is not an easy affair—but lawmakers worldwide seem to be increasingly converging on contracts for difference as the mechanism of choice to fund emerging technologies.
ESS’ energy storage systems will support TID’s Project Nexus, which aims to install solar panel canopies over multiple sections of irrigation canals in the effort to prove the concept that installing such canopies could both generate significant amounts of renewable electricity and conserve precious water resources – two problems at the forefront of global planning for the future.
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