The cost of battery energy storage in the US fell by 72% between 2015 and 2019 and utilities in the country are set to bring 10,000MW of new grid-connected capacity online in the next two years.
The US’ installed battery storage capacity reached 1,650MW by the end of 2020, but the country is on track to have nearly 10 times that amount by 2024, according to the national Energy Information Administration (EIA).
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.
US utility giant NextEra Energy added 1.84GW of renewables and energy storage projects to its backlog in Q2 2021, but its Energy Resources division reported a fiscal loss of US$315 million.
The US Energy Storage Association (ESA) plans to merge with the newly launched American Clean Power Association (ACP), in a move it says will further position the storage and renewables industries for success.
A proposed 2,650MW pumped hydro energy storage project in Washington State has received a preliminary permit from the US Federal Energy Regulatory Commission (FERC).
The July 2021 episode of the Solar Media Podcast, sponsored by Honeywell, is now available to stream, as we delve into everything you need to know about recent polysilicon trade sanctions in the US.
The cost of long-duration, grid-scale energy storage should be reduced 90% within this decade in order to accommodate the “hundreds of gigawatts of clean energy” needed, US Secretary of Energy Jennifer Granholm said yesterday.
Talen Energy, a US independent power producer (IPP) with a 13GW portfolio of generation assets, has contracted energy storage developer Key Capture Energy to install a battery storage system at the site of a coal power plant in Maryland.
SK Innovation has established a partnership with US energy storage system integration solutions and services company IHI Terrasun Solutions that could see the South Korean manufacturer’s lithium-ion batteries used in Terrasun projects from 2022.
