Battery storage could play the same role on the grid as a proposed 60MW natural gas and fuel oil peaker plant in Massachusetts and not only result in lower emissions but also in cost savings.
Stem Inc said that its portfolio of aggregated battery energy storage systems was called into action to help balance electricity networks across four different states and provinces in the US and Canada during heat waves in June.
Stem Inc’s shares begin trading on the New York Stock Exchange today, after the “artificial intelligence-driven clean energy storage services” company completed its business combination with special purpose acquisition company (SPAC) Star Peak Energy Transition Corp.
Stem Inc has completed a front-of-the-meter solar-plus-storage project in Massachusetts that will participate in New England’s wholesale markets run by system operator New England ISO.
Energy storage system integrator and manufacturer Powin Energy has signed a deal to supply its new DC-coupled solutions to developer Amp for projects in the Northeast US.
The US industry deployed 168MW / 288MWh of energy storage in the second quarter of this year, the second highest quarterly figures on record, according to Wood Mackenzie Power & Renewables.
A “first-in-the-nation” policy called the Clean Peak Standard has been launched in Massachusetts, US, whereby a proportion of electricity used on the grid at times of highest demand must be considered ‘clean’.
Adding well-optimised energy storage to solar PV projects in the US state of Massachusetts can increase project revenues by up to 50%, Stem Inc has claimed, as the energy storage provider announced the completion of a front-of-meter solar project with 8MWh of storage.
Massachusetts has issued an emergency regulation to its Solar Massachusetts Renewable Target (SMART) programme, that includes mandating the addition of energy storage on projects over 500kW.
