TWAICE’s Post

Battery storage projects are a new gold-rush, and, according to the International Energy Agency (IEA) attracted more investment that any other energy sector in 2023. But, the financing of projects has some significant complexity. Speaking to Infrastructure Investor, NARDAC’s Dr Tom Harries discusses some of the less obvious routes to optimal battery energy insurance that investors may be missing out on. Click below to read more on how early engagement on site design can be crucial to giving insurers confidence that thermal runaway risks have been considered, and mitigated. Image credit for this super portrait goes to Infrastructure Investor. https://lnkd.in/ejEjdvWH 

In a recent white paper, Lorenz Wieshammer, CFA discusses the impact of current energy policy and regulatory decisions on regulatory risk. Mr. Wieshammer focuses on the regulation of energy networks, where he addresses the valuation of the regulatory asset base and the regulatory cost of capital. He also explores examples from electricity market design, such as revenue skim-off for inframarginal producers and the potential split of bidding zones. Learn more:

This ISGT session will address the 'easy questions'! 😉 Here's a glimpse of some insights I look forward to discussing from global and Australian perspectives: https://lnkd.in/g8BubMTa

On Tuesday, May 9, 2023, the Conference of European Directors of Roads (CEDR), Rijkswaterstaat, and the COB gave an online lecture about research into energy storage and accelerating the energy transition at tunnels. An important reason for the research is the implementation of the major renovation project for seven tunnels in the Netherlands. For this project, several questions need to be answered in order to make the right decisions for the power supply. #energystorage #power #energytransition #project #research

In Europe, the aging power grids are facing capacity constraints, but new battery energy storage systems (BESS) could provide a solution. This is especially important as governments are grappling with the impact of energy-intensive projects like data centers in high-demand areas. The delays and refusals of planning permissions for new projects are causing concern among European countries, stalling development and progress. Investors should take note of the opportunities presented by BESS in this changing landscape. Learn more:

New programs for the transformation of the #offshoreenergy sector are here. Through these actions, the industry is dealing with the following questions: to provide #energy that is secure, affordable and lower in carbon. #subsea #energytransition

#RevampPlanningRules We are happy to see John Pettigrew, the CEO of National Grid, calling for an overhaul of UK planning rules to speed up the shift towards cleaner energy, as stated in a great article by Rachel Millard in Financial Times. The example of AQUIND demonstrates that the challenging task of adapting the British energy ecosystem to the demands of #NetZero will fail without a total revamp of the planning regulation and process. 👉 Quote: "Ofgem, the energy regulator, this week highlighted estimates that a quarter of applications for grid connections approved over the past 12 months were offered dates after 2030." We appreciate that planning is closely connected with other processes and stakeholder interests. Therefore, redesigning the planning regulation requires a holistic approach. 👉 Quote: "National Grid has set out five areas it believes need to be reformed to get projects off the ground more quickly, including planning, regulation and benefits for communities living nearby." We hope that the resulting system will offer more #predictability for the benefit of industry, investors and British consumers. The link to the full article is in the comments

"Long duration electricity storage: consulting on the policy framework to enable investment in long duration electricity storage. This consultation closes on 5 March 2024." #sustainability #hydrogen https://lnkd.in/e4DQTDcp

Heading to Washington, D.C. this week (Feb 6-9, 2024) for the NASEO - National Association of State Energy Officials 2024 Energy Policy Outlook Conference? If so, a reminder that members of LPO's State & Local Outreach Team (including contractors Hans Riemer, Tom Hucker, and Stephen Norris Boyd) will be there to meet with stakeholders and potential applicants from across the nation. If you plan on attending and would like to meet with the LPO team to discuss your project or learn more about State Energy Financing Institution (SEFI)-supported projects, please contact us at LPO@hq.doe.gov to set up a meeting. To learn more about opportunities to add project value and maximize state-funded projects, please see our State Energy Financing Institutions (SEFI)-Supported Projects page at: Energy.gov/LPO/SEFI and see a recent webinar about these types of projects at: https://lnkd.in/ga4EgYHj #DOELPO #FinancingAmericanEnergy #BridgeToBankability #DeployDeployDeploy #Liftoff #OpenForBusiness #BuiltInAmerica #FinancingInnovation #FinancingImpact #FinancingClimateSolutions #Title17 #SEFI #LPOEvents

Richard Lum, our co-CIO, was recently featured in the IPE Real Assets Magazine, where he shared his view about the change in thinking the UK #EnergyGrid requires.   The debate about #SustainableEnergy has subtly started to shift from the power generation announcements towards the underlying architecture that will make the transition possible, with headlines showing that #Renewable energy projects can wait as much as 15 years before they receive grid connections. The issue has led to a new government mandate that requires Ofgem to prioritise #NetZero - the grid regulator cannot be a neutral party in the transition to a low carbon economy.   Currently, the grid isn't designed for intermittent sources of #Energy or spikes in demand. Maintaining an even supply of power to households with a predominantly renewable energy mix will therefore require upgrades to the grid that can store, regulate and distribute energy outside of periods where power is produced. The government should also be thinking about how it prioritises smaller distributed power producers that can help lower costs for consumers, while promoting a more energy-efficient grid.   Read the full article here: https://lnkd.in/eSyMH5mb