North Carolina-headquartered utility Duke Energy has agreed to sell a minority stake in a roughly 1.2GW portion of its renewable energy portfolio for US$1.25 billion.
Grid-connected energy storage deployments have enjoyed a compound annual growth rate (CAGR) of 74% worldwide in the years 2013 to 2018, with a “boom” in deployment figures expected over the next five years, analysis firm Wood Mackenzie has said.
A push to establish an Investment Tax Credit (ITC) for energy storage has not only been welcomed by clean energy advocates and the industry, but might also meet the some stated aims of the Trump administration’s energy policies, an analyst has said.
The development of systems capable of storing over six hours of energy economically is being supported in New York with an Innovation Challenge launched by the New York Power Authority (NYPA) and Urban Future Lab, a cleantech innovation centre.
The ‘world’s first dedicated energy storage infrastructure fund’ will invest in California battery energy storage projects, with Macquarie set to sell 50% of a 340MWh tranche to the fund’s owner, SUSI Partners.
A large tranche of utility-scale solar – and storage – projects in Hawaii has been approved by the state’s Public Utilities Commission (PUC), each quoting a cost per kilowatt hour of US$0.10 or under.
Major US utility Florida Power & Light Company (FPL) is planning to build the world’s largest battery energy storage system adjacent to an existing solar power plant, with plans to roll out multiple other storage systems across the state.
NextEra Resources will build a 100MW solar farm for Arkansas utility Entergy Arkansas, to include 30MW of battery energy storage, as Entergy seeks to build out solar capacity in the state.
Energy storage enjoyed another record-breaking year of deployments in the US in 2018, while the residential segment is now “moving beyond early adopters” and into commercial viability, a report from Wood Mackenzie Power & Renewables claims.
Revisions aimed at enabling energy storage’s participation in wholesale markets, proposed by New England’s Independent System Operator (ISO) have been accepted by the Federal Energy Regulatory Commission (FERC), effective 1 April this year.
