compressed air energy storage technology News
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Six ARPA-E projects illustrate private investors excited about clean energy innovation
In a little over one year, six projects that received a total of $23.6 million in seed funding from the Department of Energy's Advanced Research Project Agency - Energy (ARPA-E) have generated more than $100 million in outside private capital investment, Energy Secretary Steven Chu announced today. The six projects, which received between $750,000 and $8 million each, focus on improving solar ...
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Compressed Air Energy Storage Will Reach $4.8 Billion in Annual New System Revenue by 2023
Driven by growing penetration of intermittent renewable energy, increasingly constrained grid conditions, and the need for investments in electricity infrastructure, compressed air energy storage (CAES) – a technology that has been commercially available for more than 30 years – is enjoying a surge of renewed interest. In Asia Pacific, Europe, and North America, new installations of ...
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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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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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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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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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US, China, South Africa lead rebound in clean energy investment
Second quarter investment rises 22% compared to Q1, but shrunken figure for Europe ensures that world total stays below that for Q2 last year Global investment in clean energy was $53.1bn in the second quarter of 2013, up 22% from the first quarter thanks to an upturn in the financing of wind and solar projects and a 170% surge in equity funding for specialist companies on public markets. The ...
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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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