1. European Utilities Muscle Into Energy Storage

    European Utilities Muscle Into Energy Storage

    German frequency response service revenues have dropped almost two-thirds in two years as utilities have rushed to deploy energy storage, research shows. Wood Mackenzie Power & Renewables this month said prices in a June 2016 German frequency market auction cleared €23 ($26) per megawatt-hour, but were down to €8 ($9) per megawatt-hour in July 2018, a 65 percent reduction.

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