US$400 million of funding pledged by New York’s state Governor Andrew Cuomo last week towards his “comprehensive climate agenda” will include US$280 million in support for energy storage.
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.
A serious incident at an energy storage project that hospitalised four firefighters in Arizona is currently under investigation, with “investigative outcomes” from the utility in question, APS, set to inform the industry’s path forwards.
Along with TEPCO, Mercom named other major utilities and companies with a background in oil and gas as investors in the battery storage sector during the quarter.
A fire at a large-scale battery energy storage project late last week left four firefighters injured in Arizona, with two reported to be seriously injured, in an incident now under investigation.
A large-scale energy storage project to be built in Texas will take advantage of the system’s flexibility to deliver multiple services, as opportunities grow in the state’s Electricity Reliability Council of Texas (ERCOT) market.
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.
