California lawmakers are advancing SB 567, a pilot to convert up to 250 idle oil and gas wells into gravity-based energy storage—using weights lowered and raised inside sealed wellbores to store and discharge electricity.
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SUNOTEC, one of Europe's leading renewable energy development and construction companies, has acquired 100% of the share capital in SIA DSE Lazas Solar from Danish greenfield developer Danish Sun Energy ApS to build a new PV solar power plant with a total capacity of 400 MWp.
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Energy storage is increasingly included in energy policies. "Thailand introduced a new feed-in-tariff (FIT) scheme, offering a 25-year PPA agreement at THB 2. 8331/kWh for solar-plus-storage projects, which will drive 600 MW storage colocated with solar between 2024 and.
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Without storage, a grid built on renewables risks volatility, blackouts, and underutilized assets.
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