Phase-out plans of US utility giants underscore money-saving potential of cleaner alternatives, says think tank.
The growth potential of energy storage has drawn interest from some of the biggest names in the power business and beyond. With the trend set to continue, Andy Colthorpe explores how three recent acquisition targets are faring under new ownership.
Japanese conglomerate Marubeni Corporation has invested in US-based company, GridMarket, which is focused on distributed generation projects using battery storage, solar PV, fuel cells, and combined heat and power.
Volume 19 of PV Tech Power has just hit the (digital) shelves and once again the quarterly technical journal from our publisher Solar Media includes ‘Storage & Smart Power’, the dedicated section created and curated by Energy-Storage.news.
Pika, a manufacturer of home energy storage systems headquartered in Maine, US, has been bought up by power generation equipment manufacturer Generac
Having bested coal generation and gas peaker plants, solar-plus-storage is now competing with gas in other parts of the generation mix.
North Carolina-headquartered utility Duke Energy has agreed to sell a minority stake in a roughly 1.2GW portion of its renewable energy portfolio for US$1.25 billion.
Grid-connected energy storage deployments have enjoyed a compound annual growth rate (CAGR) of 74% worldwide in the years 2013 to 2018, with a “boom” in deployment figures expected over the next five years, analysis firm Wood Mackenzie has said.
A push to establish an Investment Tax Credit (ITC) for energy storage has not only been welcomed by clean energy advocates and the industry, but might also meet the some stated aims of the Trump administration’s energy policies, an analyst has said.
The development of systems capable of storing over six hours of energy economically is being supported in New York with an Innovation Challenge launched by the New York Power Authority (NYPA) and Urban Future Lab, a cleantech innovation centre.
The ‘world’s first dedicated energy storage infrastructure fund’ will invest in California battery energy storage projects, with Macquarie set to sell 50% of a 340MWh tranche to the fund’s owner, SUSI Partners.
A large tranche of utility-scale solar – and storage – projects in Hawaii has been approved by the state’s Public Utilities Commission (PUC), each quoting a cost per kilowatt hour of US$0.10 or under.
Major US utility Florida Power & Light Company (FPL) is planning to build the world’s largest battery energy storage system adjacent to an existing solar power plant, with plans to roll out multiple other storage systems across the state.
NextEra Resources will build a 100MW solar farm for Arkansas utility Entergy Arkansas, to include 30MW of battery energy storage, as Entergy seeks to build out solar capacity in the state.
Energy storage enjoyed another record-breaking year of deployments in the US in 2018, while the residential segment is now “moving beyond early adopters” and into commercial viability, a report from Wood Mackenzie Power & Renewables claims.
Revisions aimed at enabling energy storage’s participation in wholesale markets, proposed by New England’s Independent System Operator (ISO) have been accepted by the Federal Energy Regulatory Commission (FERC), effective 1 April this year.
The installation will be used to provide "critical peaking capacity" and “increased” grid reliability. AES will provide a system with a four-hour duration based on Fluence’s Advancion platform. It will be leased under a 20-year contract with AES the owner and operator of the project.
A new poll has identified energy storage as the most promising technology for institutional investors keen on renewable assets, amid plans by many to ramp up allocations.
Schneider Electric will perform an expansion of its microgrid project at Marine Corps Air Station (MCAS) Miramar in order to boost grid resilience at the facility.
Regulator approves an industry-led roadmap for solar-plus-storage systems to take advantage of net metering.
Infrastructure development and engineering company Black & Veatch has just completed a microgrid project in the US for Shell which is set to help inform the oil and gas company on its next steps into distributed energy.
The US state of Iowa got its first grid-scale solar-plus-storage system at the beginning of this year, and this has already been followed by the completion of another, larger battery project in the US state this week.
While a tranche of seven solar-plus-storage projects under proposal in Hawaii would see renewable energy make its biggest competitive play against fossil fuels in the US island state so far, a project just completed will deliver energy well into the evening at just US$0.11 per kWh.
Iowa’s Maharishi University of Management has completed and powered up a new solar power plant featuring both single-axis tracking and vanadium redox flow battery energy storage.
Following a report on Friday that Hawaiian Electric has contracted PPAs with 75MW of solar projects including battery storage with developer Clearway, the utility has put before regulators proposals for five other grid-scale projects.
While market opportunities for energy storage in Texas are considered to be limited, the largest battery project in the state so far, a 42MWh system, has just come online.
Electricity from 100MW of energy storage facilities will be purchased by US public utility company El Paso Electric, following a competitive solicitation process.
News in brief from around the world in energy storage.
The US Department of Energy (DOE) has announced that it will provide assistance to “techno-economic” studies for two pumped storage hydropower plants, with a combined generation capacity close to 2GW.
BIRD Energy, a foundation jointly created by the US Department of Energy (DoE) and Israel’s Ministry of Energy (MoE) will invest around half the amount required to fund US$12 million of solar, storage, energy efficiency and microgrid projects in Israel.