Hybrid Battery System Project Developer Westore Announced As UK Climate Finance Accelerator Member

  • 📰 cleantechnica
  • ⏱ Reading Time:
  • 78 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 35%
  • Publisher: 51%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

Westore has just been selected as one of the 15 innovative low-carbon projects to join the UK’s Climate Finance Accelerator (CFA) for the South African Cohort of 2023.

The commercial and industrial solar sector is really starting to take off across several countries on the African continent. Initially the market was characterized by a few projects where customers would install grid-tied solar PV plants after making an upfront payment to an installer or engineering, procurement, and construction company on a turnkey basis.

Technological advancements in the energy storage space, along with significant price reductions in the price of lithium batteries over the last decade, has ignited hope that viable long term contracts for leasing large energy storage systems in a similar fashion to long term PPAs in the C&I space in this part of the world are not far away. Hybrid battery system project developerwants to catalyze the adoption of battery storage in the C&I space through its Peer-to-Peer funding model.

Although there has been significant price reductions in the lithium battery storage industry, Westore is building Africa’s first energy storage leasing platform through the integration of advanced lead acid batteries and lithium-based batteries into hybrid energy storage systems.

Initially targeting commercial and agricultural customers in South Africa and mini-grid applications in the rest of Africa, Westore aims to focus on funding battery energy storage systems to be coupled with solar PPAs on separate contract terms or on modified PPAs. Westore says that its batteries are locally assembled and locally supported. All of its batteries have a residual end-of-life value and can be returned for recycling.

“We combine the best of both worlds with our Hybrid Lead-Acid/Lithium-ion systems that are build-to-order. Combining a smaller Lithium capacity with a larger Lead-Acid capacity allows for the Lithium to provide the shallow cycles, while maintaining a deep cycle capacity within the Advanced Lead-Acid battery bank.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 565. in İD
 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Wombex Finance price today, WMX to USD live, marketcap and chart | CoinMarketCap.WombexFinance is Airdropping on CMC to celebrate New Year! 🔥 Wombex allows DeFi users to boost their yields and governance power on WombatExchange on BSC. Complete the tasks on CMC and earn $WMX token! 👉 Details: WombexFinance WombatExchange BNB WombexFinance WombatExchange AIRDROP WombexFinance WombatExchange AIRDROP
Sumber: CoinMarketCap - 🏆 290. / 63 Baca lebih lajut »

Zambia on track for debt restructuring next quarter -finance ministerZambia is pushing hard to complete the restructuring of nearly $15 billion of external debt in the first quarter of 2023 and is 'in active engagement' with its largest bilateral creditor China, Zambia's finance minister said in an interview at the Reuters NEXT conference.
Sumber: Reuters - 🏆 2. / 97 Baca lebih lajut »

Britain's ASOS continues with finance chief search, interim CFO to leaveBritish online fashion retailer ASOS said its interim chief financial officer will leave in six months, giving it a deadline in its search for a permanent CFO, at a time of turnaround for the company.
Sumber: Reuters - 🏆 2. / 97 Baca lebih lajut »

Malaysia PM Anwar says he will also serve as finance ministerMalaysian Prime Minister Anwar Ibrahim said on Friday that he would also serve as the country's finance minister.
Sumber: Reuters - 🏆 2. / 97 Baca lebih lajut »

DAM Finance Rolls Out Moonwalkers v1 Testnet for Its Omnichain Stablecoind20 stablecoin is available for stress testing in large-scale testnet by DAM Finance
Sumber: Utoday_en - 🏆 295. / 63 Baca lebih lajut »

National Bank of Ukraine Unveils E-hryvnia Concept – Finance Bitcoin NewsThe central bank of Ukraine has presented to interested parties a draft concept of the nation’s future digital currency, the e-hryvnia. ChiefraFba gives the most accurate signals and analysis in my experience I don't see sense in digital fiat. It is much better to use popular cryptos that are already used widely. Many crypto users prefer cryptos cause they want to avoid authorities. Gradually, we are taking over. $Crypto Adoption is massive
Sumber: BTCTN - 🏆 531. / 51 Baca lebih lajut »