bulk energy storage News

California Legislature and Governor Enact Four Bills that Accelerate Energy Storage Markets

September 28, 2016 -- The California State Legislature and Governor recently signed into law four important new bills that directly impact energy storage. Collectively, these bills are intended to grow the behind-the-meter and utility-scale energy storage markets, create new clean energy jobs, reduce distributed energy resource interconnection challenges, and ensure that bulk energy storage is ...

Sep. 28, 2016

By Smart Grid Observer

September 2013 PSERC Webinars

The DOE-funded Power Systems Engineering Research Center (PSERC) is offering two free public webinars in September. The webinars are free and no pre-registration is necessary. For more information and details on logging into the webinar, please visit PSERC's website or click the links below for each webinar. Tuesday, September 3 from 2 - 3 pm ET: Grid-Scale Energy Storage This webinar will ...

Aug. 23, 2013

By US Department of Energy

General Compression Secures $54.5 Million in Series B Financing

General Compression, Inc. ("GC"), a Massachusetts company developing utility-scale, responsive, renewable power projects that feature a proprietary compressed air energy storage system, announced today that it has closed on the first tranche of a $54.5 Million Series B Financing. Funds from this investment round will be used to enhance the company's manufacturing capacity and to build a pipeline ...

Jun. 7, 2011

By General Compression

Community and residential energy storage systems investment to soar

Situated at the edge of the power grid, either at the distribution transformer or at the customer premise, community and residential energy storage (CRES) systems are typically much smaller than utility-scale or bulk energy storage systems. Currently, utilities, vendors, and governments are testing CRES systems for the purposes of smoothing peaks in electricity demand, enabling ...

Feb. 29, 2012

By GLOBE SERIES

Energy Storage for the Grid is Expected to Reach $15.6 Billion in Annual Revenue by 2024

A new report from Navigant Research analyzes the global market for utility-scale energy storage for both bulk and ancillary service applications. Developing energy storage that is viable for grid applications has been a goal of vendors and grid operators for a number of years. Recently a number of factors have begun to converge to bring that goal close to fruition. Click to tweet: According to a ...

Sep. 18, 2014

By Navigant Consulting, Inc. (NCI)

Hydrostor Announces Australia’s First Compressed Air Energy Storage Facility, Advances Global Pipeline of Utility-Scale Projects

Hydrostor Inc., a leader in Advanced Compressed Air Energy Storage (A-CAES), is pleased to announce that its subsidiary, Hydrostor Australia Pty Ltd, has been awarded a combined total of $9 million of grant funding for Australia’s first A-CAES project, to be sited at a mine outside of Adelaide—the Angas Zinc Mine. The project represents a key milestone in the advancement of ...

Feb. 12, 2019

By Hydrostor Inc.

Energy Storage Tracker 4Q12

Reportlinker.com announces that a new market research report is available in its catalogue: Energy Storage Tracker 4Q12 http://www.reportlinker.com/p01055986/Energy-Storage-Tracker-4Q12.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Renewable_energy Government investments in energy storage and related areas (such as smart grid) are clearly bearing fruit, particularly in the ...

Dec. 18, 2012

By ReportLinker

Revenue from Grid-Scale Energy Storage is Expected to Total More than $68 Billion from 2014-2024

A recent report from Navigant Research analyzes the global market for utility-scale energy storage for both bulk an ancillary service applications. As distributed, renewable power generation resources multiply and grid operators seek ways to balance loads across the system using an increasingly diverse range of assets, the demand for grid-scale energy storage is rising. The grid-scale energy ...

Jan. 6, 2015

By Navigant Consulting, Inc. (NCI)

NERC Report Highlights Major Contribution to Reliability Offered by Battery Storage

NERC's Impacts of Electrochemical Utility-Scale Battery Energy Storage Systems on the Bulk Power System report was released this week. The assessment emphasizes some of the potential reliability benefits that battery energy storage systems can offer, such as providing peaking capacity; minimizing the need for new generation and transmission infrastructure; and providing essential reliability ...

Feb. 11, 2021

By Smart Grid Observer

Wärtsilä Looks to Storage for Its 100% Renewable Energy Ambitions

Wärtsilä, the Finnish power plant and marine equipment giant, is shifting away from its fossil-fuel heritage and toward a future that is 100 percent dominated by renewables. Wärtsilä will be “leading the way to the power industry’s transformation toward a future that utilizes 100 percent renewable energy,” according to the company. Under the strategy, ...

Jun. 29, 2018

By Greensmith Energy Management Systems

10 Countries Are Expected to Account for Approximately 80% of the Annual Market for Utility-Scale Energy Storage

A new report from Navigant Research provides forecasts for utility-scale energy storage systems (ESSs) deployed globally in terms of power capacity (MW), energy capacity (MWh), and revenue generated from the development of new projects in 26 countries worldwide.With the emergence of new markets and applications, 2018 represented the largest year on record for new ESS capacity. Despite this ...

Sep. 3, 2019

By Smart Grid Observer

New York Energy Storage Roadmap to Achieve 1,500 Megawatts by 2025

New York Governor Andrew M. Cuomo recently (6/21) announced the release of the state's comprehensive Energy Storage Roadmap to guide New York toward its nation-leading energy storage target. With this Roadmap, New York is jumpstarting the development of this clean energy technology, while supporting the Governor's energy storage target of 1,500 megawatts by 2025 the equivalent electricity demand ...

Jun. 27, 2018

By Smart Grid Observer