AFRICAN ENERGY SOLUTIONS

Peru energy storage investment 2 billion project

Lima, Peru – 5 July 2024 – Irish family company, Phelan Green Energy, led by Chairman Mr. Paschal Phelan, has announced a landmark US$2.4 billion investment to develop a large-scale green ammonia production facility in Peru. Mr. Phelan and his team, agreed the detail of the Project at a special, two hour meeting, with Peruvian Prime Minister, Mr. Gustavo Adrianzén and his Cabinet at the Presidencia del Consejo de Ministros del Peru in Lima this week. [pdf]

Stockholm Advanced Energy Storage Project

Stockholm, Sweden – 11th of November 2024 — Powerworks, a dedicated EPC and TCMA provider specialized in battery energy storage, and Capalo AI, a sustainable growth company specializing in AI-based trading and optimization for energy storage, announce a strategic partnership to operate an advanced 8MW Battery Energy Storage System (BESS) at a 130kV industrial plant in Sweden’s SE3 price area. [pdf]

Distributed energy storage profit model

economic operation strategy of distributed energy storage with multi-pro t mode operation. Considering three pro t modes of distributed energy storage including demand management, peak-valley spread arbitrage and participating in demand response, a multi-pro t model of distributed energy storage is established, and the proposed optimal operation strategy formula [pdf]

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