Siemens Energy to deploy ‘first’ synchronous condenser-BESS hybrid project in Ireland
Siemens Energy will provide the technology for a project in Ireland combining a synchronous condenser and a battery energy storage system (BESS) of 160MWh.
Siemens Energy will provide the technology for a project in Ireland combining a synchronous condenser and a battery energy storage system (BESS) of 160MWh.
Cumulative energy storage installations will go beyond the terawatt-hour mark globally before 2030 excluding pumped hydro, with lithium-ion batteries providing most of that capacity, according to new forecasts.
Company valuations and developer premiums for project sales have come down in the UK market amidst rising financing costs and plummeting revenues.
Siemens Energy is set to deploy the “first” synchronous condenser and a battery energy storage system (BESS) with a capacity of 160MWh for a hybrid project in Ireland.
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