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Mitsubishi Corporation joined the largest battery storage project in Germany

10/04/2017 11:36 Energy Efficiency

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Mitsubishi Corporation (MC) announced that it will be working through Enspire ME, a 50:50 joint venture formed from MC and Eneco (Netherlands based company), to build a 48MW/50MWh battery in Schleswig-Holstein in northern Germany based on a large-scale battery energy storage system (BESS).

Enspire ME will construct the BESS in Jardelund, located in the state of Schleswig-Holstein in northern Germany. Construction should be commissioned at the end of 2017 and it will be the largest BESS in Europe to be located at one site.

 

The project will allow companies to provide sustainable reserve capacity to the European electricity grid.

 

As solar, wind and other renewable sources, which are intermittent, replace fossil fuels as a source of energy and enter mainstream power grids, stabilizing the power supply also represents a challenge. BESS are said to be an effective solution to that problem.

 

Mitsubishi Corporation decided to participate in the development of high environmental value businesses as part of its contribution to a low-carbon society.

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Simply Blue Energy is seeking permission to conduct survey activities near the Kinsale gas platform in the Celtic Sea for a potential offshore wind project of 988 MW that will be using the Windfloat platform.

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Daily (07.07.2020): The German Cal’21 power climbed to a 20-week high on Monday, keeping the pace with EUAs above 30 Eur

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Crude oil futures edged higher on Monday, supported by a string of data showing an economic recovery across the globe and amid improving OPEC+ compliance. However, oil continued to be pressured by the surging coronavirus cases. Hence, Brent crude from September delivery rose by 0.7%, or 30 cents, to settle at $43.10 a barrel. At the same time, U.S. WTI crude settled at $40.63 a barrel, up 1% day-on-day.

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