An investment worth €110 million (US$131.5 million) has been agreed by ‘thermal battery’ manufacturer EnergyNest which would make infrastructure equity investor Infracapital its biggest shareholder.
For the US to thrive while achieving its decarbonisation goals, it needs a robust clean energy economy, creating well-paid jobs and a strong trajectory for technical innovation, argues Philip Brennan, CEO of Echogen, an Ohio-based provider of waste-heat recovery systems and electro-thermal energy storage solutions.
Battery storage can be a significantly cheaper and more effective technology than natural gas in providing peaking capacity, according to a new study released by the Clean Energy Council, the industry group which represents Australia’s clean energy sector.
A plan proposed by US president Joe Biden to invest US$2 trillion in infrastructure has been praised for “prioritising energy storage and policies that support the industry’s growth”.
How do electric grids that were state-of-the-art in the 19th Century remain stable and resilient through 21st Century climate disasters and other problems? They don’t, says Catherine Von Burg, CEO and co-founder of distributed battery energy storage company SimpliPhi Power – but giving people the power to be independent can be a solution fit for the future.
The business case for a range of long-duration storage technologies needs to be addressed to help the US reach its decarbonisation targets, according to the Department of Energy’s director of energy storage research Dr Imre Gyuk.
Two standalone battery energy storage systems (BESS) totalling 200MW of output will be deployed in Texas’ ERCOT market by the energy division at Wärtsilä Corporation.
A new market mechanism for longer-duration storage should be created according to the UK’s Association for Renewable Energy and Clean Technology (REA).
A US$75 million national research and development (R&D) facility for energy storage is expected to be up and running by 2025, the US Department of Energy said yesterday.
A politically bipartisan effort to introduce investment tax credit (ITC) incentives to support and accelerate the deployment of energy storage in the US could be a “once in a generation opportunity” to protect the future of the earth.
