Virtual power plants (VPPs) are networks of small-scale, distributed energy resources, such as solar panels or batteries (and in some instances vehicles) which can together function as a single power plant, providing stability to the electric grid.
Energy storage developer NineDot has announced the closing of a US$65 million equipment financing supporting the purchase of up to 100MW/400MWh of batteries for use in up to 20 battery storage projects across New York City, New York, US.
Scale Microgrids and Dispatch Energy, two US commercial and industrial (C&I) distributed generation and storage providers, have secured new capital for growth through acquisition and capital commitments, respectively.
Consolidated Edison Company (ConEd) and Orange and Rockland utilities (O&R) have issued a joint Request for Proposals (RFP) for bulk energy storage and dispatch rights in New York, US.
Long Island Power Authority (LIPA) in New York, US, has finalised contract negotiations for two large-scale BESS projects proposed by Key Capture Energy.
Eolian has pulled plans for a 100MW/400MWh standalone BESS facility that was proposed for the Town of Catskill in Greene County, New York, following a drawn-out permitting process with the local planning authority.
Specialist renewable energy insurance company kWh Analytics considers thermal runaway to still be the single most important risk that energy storage system developers must consider.
Updating the New York Fire Code for battery storage will increase the safety and standardisation of installations in the state, with lessons learned from previous incidents, Energy-Storage.news has heard.
