Utility Xcel Energy has received a US$20 million grant commitment from VC firm Breakthrough Energy for projects using Form Energy’s iron-air battery, while a sodium ion battery firm has secured bridge financing.
‘Multi-day’ battery storage startup Form Energy’s proprietary iron-air battery is set to be deployed at the sites of two US coal power plants due for retirement.
What could you do with a battery that can store and discharge energy for 150 hours and do it cost-effectively? CEO and co-founder Mateo Jaramillo was happy to speak with Energy-Storage.news’ Andy Colthorpe about the applications and market opportunities Form Energy is targeting.
Legislators in Minnesota have begun the first steps to establishing fair or optimal market conditions for the deployment of energy storage, setting out rules for determining the value of storage to the network.
Minnesota electric cooperative Connexus Energy has confirmed recent press reports that it is building 15MW / 30MWh of battery energy storage, while another not-for-profit, Vermont Electric Cooperative, will build a 1.9MW / 5.3MWh system in its service area.
Battery storage is a “necessity” for Hawaii to reach its 100% renewable energy by 2045 target, leading to electric cooperative KIUC becoming the top-ranked US utility for watts of energy storage deployed per customer in 2017.
Median bids received by US utility Xcel Energy in a solicitation for energy resources for energy storage paired with solar came in at US$9 per megawatt lower than the previously observed record.
Two US Senators introduced a bill in Congress at the beginning of this week that would require the national Secretary of Energy to establish research and demonstration programmes and deployment strategies for energy storage, if passed.
