compressed air energy storage News
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Infocast`s 5th Annual Storage Week Returns
Infocast brings its highly acclaimed Storage Week Summit to San Jose, CA this coming June 25 - 27, 2012 at the DoubleTree by Hilton San Jose. Top industry thought leaders such as Luminant, CPUC, SunEdison, BrightSource Energy, Inc., SDG&E, SunPower, Starwood Energy Group Global, LLC, Statnett, PJM, NYISO, MISO, Hawaiian Electric Co., PG&E, APS, CPS Energy, PNM Resources, DNV-Kema, and ...
By Infocast
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Hydrostor and NRStor Announce Completion of World’s First Commercial Advanced-CAES Facility
Hydrostor, the world’s leading developer of Advanced Compressed Air Energy Storage (A-CAES) projects, in partnership with NRStor Incorporated, a diversified Canadian energy storage project developer, announce the completion of the Goderich A-CAES Facility, located in Goderich, Ontario, Canada. The plant represents a pivotal advancement in long-duration energy storage and a world first in ...
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Renewable energy plan hinges on huge Utah caverns
A proposal to export twice as much Wyoming wind power to Los Angeles as the amount of electricity generated by the Hoover Dam includes an engineering feat even more massive than that famous structure: Four chambers, each approaching the size of the Empire State Building, would be carved from an underground salt deposit to hold huge volumes of compressed air. The caverns in central Utah would ...
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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 ...
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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 ...
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Pike Research Announces Energy Storage Tracker Report This Week
(Business Wire) - Pike Research, a media partner at the 2nd Annual Electric Energy Storage Conference, came out with a new tracker report this week, signifying that there are hundreds of energy storage projects being deployed worldwide. To view the original press release written by Pike Research, go to: ...
By Marcus Evans
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Ocean wave energy company receives doe boost for Energy storage technology
Oscilla Power, Inc is pleased to announce that it has been selected for a $1.1 million Phase II SBIR award from the US Department of Energy. This award will help Oscilla develop a novel underwater energy storage technology and investigate how large-scale farms of ocean wave energy devices can be best connected to the grid. This award will allow a continuation of work previously completed by ...
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Fraunhofer Tests a New Underwater Energy Storage Concept
The Fraunhofer Institute is planning to test a new storage concept in a German lake before the end of this year. The storage idea, which involves placing hollow concrete globes on sea or lake beds, resembles an underwater balloon technology already developed by Ontario, Canada-based Hydrostor. In reality, the two concepts are quite different, however. While Hydrostor’s balloons use water ...
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In Utility Scale Energy Storage, Pumped Hydro Storage and CAES Lead the Way: SBI Bulletin
As the most widely implemented power-sector energy storage technology worldwide, pumped hydro storage (PHS) offers the largest amount of GW/hour. According to a recent SBI Bulletin, compressed air energy storage (CAES) closely follows as a massive generator of electricity. "SBI Bulletin: Utility Scale Energy Storage Technologies" provides insight into major energy storage technologies that are ...
By SBI Reports
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Ocean Wave Energy Company Receives DOE Boost for Energy Storage Technology
Oscilla Power, Inc is pleased to announce that it has been selected for a $1.1 million Phase II SBIR award from the US Department of Energy. This award will help Oscilla develop a novel underwater energy storage technology and investigate how large-scale farms of ocean wave energy devices can be best connected to the grid. This award will allow a continuation of work previously completed by ...
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Gaelectric completes $84 million funding round for on-shore wind energy portfolio in Ireland
Renewable energy generation and energy storage group, Gaelectric, has raised $84 million in funding for its portfolio of on-shore wind energy projects on the island of Ireland. The portfolio comprises 164 MW of generation capacity across 13 projects which the Group plans to develop out by 2017, representing a total investment in the region of $325 million. Gaelectric is developing a further ...
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World's Largest Renewable Energy Storage Project Announced in Utah
Mitsubishi Hitachi Power Systems (MHPS) and Magnum Development recently (5/30) joined The Honorable Gary Herbert, Governor of Utah, to announce an initiative to launch the Advanced Clean Energy Storage (ACES) project in central Utah. In the world's largest project of its kind, the ACES initiative will develop 1,000 megawatts of 100 percent clean energy storage, thereby deploying technologies and ...
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U.S. Energy Storage Market Forecast to Exceed $5 Billion in 2014
The U.S. energy storage market totaled $3.06 billion in 2011 and is expected to exceed $5 billion in 2014, according to new estimates released by Climate Change Business Journal (CCBJ). A proprietary survey conducted by CCBJ and the Electricity Storage Assn. (ESA) in October 2011 revealed that the utility energy storage market is expected to contribute sales of $220 million to this total, ...
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Hydrostor Announces Close of US$37 Million Growth Financing
Hydrostor, a leading developer of Advanced Compressed Air Energy Storage (A-CAES) projects, announced today the closing of US$37 million (C$49 million) in growth financing. RBC Capital Markets acted as Hydrostor’s advisor on the transaction. Meridiam, the global developer, asset and fund manager specializing in sustainable infrastructure and energy transition projects, has formed a ...
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Smart Grid Renewables Integration Market Skyrockets Over 300%, to Reach $13 billion by 2018
FARMINGTON, Conn., June 4, 2012/PRNewswire-iReach/ -- Global Information Inc. is pleased to announce the availability of two important new green energy distribution and storage market research reports: Smart Grid Renewables Integration - Transmission Upgrades, Energy Storage, Demand Response, Virtual Power Plants, and Microgrids as Enablers of Renewable Energy on the Grid Smart grid ...
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EU Invests 444 Million in Key Energy Infrastructure
Today (2/17) EU Member States agreed on the Commission's proposal to invest 444 million in priority European energy infrastructure projects. The 18 selected electricity, smart grids and gas projects are seen as contributing to achieving the Energy Union's goals by connecting European energy networks, increasing security of energy supply, and contributing to the sustainable development by ...
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Electric Energy Storage Systems to Enhance Electric Grid Reliability and Support Expanded Renewable Energy Usage, States Frost & Sullivan
Electric energy storage systems are crucial for the further development and transformation of a range of sectors, including renewable energy, automotive, grid stabilization, smart grid, back-up power and portable devices. Big scale, reliable and durable electric energy storage technologies will enhance the usage and commercial attractiveness of intermittent renewable energy sources, such as wind ...
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Major changes are in store for electricity industry
Inventors are in a race to find the best way of storing electricity to make the most of renewables and cut the use of fossil fuels. Currently, when more power than needed by consumers is produced by sources such as wind turbines or solar panels, some of the electricity is wasted. But that is changing. Governments have realised that one of their biggest challenges in cutting the use of fossil ...
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Duke Energy Renewables completes Notrees Battery Storage Project in Texas; North America`s largest battery storage project at a wind farm
Duke Energy Renewables, part of Duke Energy's Commercial Businesses, announced today the completion of its 36-megawatt (MW) energy storage and power management system at its Notrees Windpower Project in west Texas. The system completed testing and became fully operational in December, 2012. "Battery storage is an important innovation to address the variability of wind and solar energy ...
By Duke Energy
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Siemens eyes low-cost long-duration energy storage with new thermal system
he system is aimed to store energy “significantly below” €0.10/KWh in large-scale deployment, depending on the exact nature of the storage application or services involved, Till Barmeier, program manager for the project at Siemens, told Energy Storage Update. The system combines established steam turbine technology with packed-bed heat storage. After having been converted to ...
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