The repercussions of Texas’ Winter Storm events in February, may be felt for years. Scott Burger, Annie Baldwin, Jason Houck and Marco Ferrara at long-duration energy storage start-up Form Energy discuss how in-depth system modelling of current and future grids offers some early takeaways which might help prevent the next crisis and how multi-day energy storage could play a leading role.
There has been growing uptake in battery energy storage in Midwestern US states that have traditionally depended on burning coal for electricity, with some “very big projects planned,” an analyst has said.
US utility-scale battery energy storage project developer Key Capture Energy has secured US$93.3 million debt financing for a portfolio of six projects in Texas.
Financial backing to support early development phases in battery storage and renewable energy projects has been found by Momentum Energy Storage Partners, a project development company launched by DNV GL’s former energy storage lead for the North Americas region.
Solar inverter manufacturer Sungrow’s energy storage system (ESS) solution will power a 100MW battery storage project in Texas which is scheduled to go into operation in mid-2021.
The US energy storage industry remained “remarkably resilient” during what most of us have found to be a difficult year – to say the least. Andy Colthorpe speaks with Key Capture Energy’s CEO Jeff Bishop and FlexGen’s COO Alan Grosse – two companies that made 2020 one of growth in their energy storage businesses – to hear what lessons can be learned and why economics rule.
Updated 7 January 2020: Contemporary Amperex Technology Ltd (CATL) will supply lithium-ion batteries to energy storage system integrator FlexGen for two large-scale energy storage projects totalling 220MWh in Texas.
Barriers to financing for energy storage could hold back the growth of solar in the US, while an Investment Tax Credit (ITC) for standalone energy storage should be introduced, the audience heard as our publisher Solar Media hosted the Solar and Storage Finance USA event last week.
Texas-based Vistra will develop nearly 1GW of solar and storage projects in the next two years as the utility plans to achieve net zero carbon emissions by 2050.
