energy storage business News
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Con Edison Clean Energy Businesses and Johnson Controls Announce Battery Storage Technology Joint Venture
Consolidated Edison Solutions, Inc., a Con Edison Clean Energy Businesses, Inc. subsidiary, and Johnson Controls recently (10/1) announced a joint venture to expand the market for the energy storage technology developed over the last several years by Johnson Controls. Con Edison Solutions will be the majority owner and operating partner of the joint venture, while Johnson Controls will ...
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FlexGen Announces Gary Cristini As Chief Financial Officer
FlexGen Power Systems, Inc. (“FlexGen”, or the “Company”), a leading energy storage solution and software technology provider, has announced Gary Cristini as Chief Financial Officer. Cristini joins FlexGen’s Leadership Team and will oversee the accounting, tax, treasury, human resources, strategic financial planning, and operational finance activities for the ...
By FlexGen
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FERC’s Energy Storage Ruling - How This Will Affect You?
(Gigaom) - The Federal Regulatory Energy Commission recently passed a mandate to support energy storage technologies that can provide quick bursts of power to the grid to help it run more smoothly. This new rule could play a crucial role in nurturing the growth of the young energy storage market, though energy storage companies won’t be the only beneficiaries of the new rule. What’s ...
By Marcus Evans
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GE Demonstrates Battery Dominant Fuel Cell Bus Using New Durathon™ Battery
Researchers at GE Global Research, the General Electric Company’s (NYSE: GE) technology development arm,haveachieved a first step in reducing the cost of clean fuel, zero emission buses, with a vehicle powered by GE’s new Durathon™ battery in tandem with a lithium battery and a hydrogen fuel cell. This promising development of a new energy management system could help accelerate ...
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Trina Storage Switches on 50 MW/56.2 MWh Battery Storage System in the UK
Trina Storage, launched in January 2021 as a global energy storage solution provider, announced this week that it has successfully completed the supply of their first 50 MW / 56.2 MWh fully integrated grid-scale battery storage system in Burwell, UK for SMS plc. Now operational, the storage system will support the UK grid to become more flexible & resilient, further readying it for net-zero. ...
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Solar and Energy Storage Indonesia Expo
Fueling Indonesia’s Growth With Smarter Energy Options Solar and Energy Storage Indonesia is set to be the premium exhibition that is focused towards introducing the latest innovations and quality high-grade technologies. The exhibition will equip the country’s integrated industrial, infrastructure development and manufacturing supply chain sectors with advanced solar and renewable ...
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S&C Awarded $7.9MM Contract to Construct 2.5 MW Solar PV Site in New Mexico
S&C Electric Company, a global leader in renewable energy integration, today announces it was awarded a $7.9 million USD contract by Green States Energy to construct a 2.5 MW solar photovoltaic farm near Roswell, N.M. S&C will provide procurement and construction services for the entire project. To qualify for the local utility's renewable energy incentive program, the project needs ...
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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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Urgent Need for New Stationary Storage, According to IDTechEx
Starved of lithium-ion batteries and pumped storage sites, the stationary energy storage business is urgently looking for alternatives, according to a new report from IDTechEx.Tesla now sells its Powerwall house battery only to those buying the full solar house and, like its competitors, it has delayed electric vehicle launches also due to battery shortage. Metals shortages are taking over from ...
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GE Japan provides its high capacity energy storage system, gas engine for cogeneration, and LED lighting equipment energy solutions to realize the “Future Disaster-Proof Factory Plan” for Sekisui House’s Tohoku Factory
GE Japan (Headquarters: Minato Ward, Tokyo; President: Akihiko Kumagai) today announces the installment of its high capacity energy storage system, gas engine for cogeneration, and LED lighting equipment for the “Future Disaster-Proof Factory Plan,” a project that is being undertaken by Sekisui House’s Tohoku Factory. Sekisui House’s Tohoku Factory proactively promotes ...
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Saft Acquires Go Electric Inc.
Saft has acquired 100 percent of the shares of Go Electric Inc., a leading US-based developer of distributed energy resiliency solutions for microgrids and Commercial & Industrial customers.Go Electric’s microgrid power controller technology, combined with energy storage, plays a key role in enabling customer sites to ‘keep the lights on’ by islanding them from the grid should a power outage ...
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California’s Discovery Science Center Selects GE Energy Storage System for Southern California Edison Project
10-20 Percent of Center’s Daily Electrical Consumption to be Shifted to off-Peak Hours 500-Kilowatt-Hour System to Provide Backup Power in the Event of Power Outages GE Energy Storage (NYSE: GE) today announced that it will participate in a load-shifting project at Discovery Science Center in Santa Ana, Calif., a non-profit education organization. The 500-kilowatt-hour GE storage and ...
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Mobile Network Realizes 60 Percent Site Energy Cost Reductions through Backup Power System from GE
Dominican Republic’s Viva-Trilogy Dominicana S.A. Mobile Network Records 88 Percent Reduction in Backup Power Costs and Diesel Fuel Expenses and a 60 Percent Decrease in Site Energy Costs While Maintaining Site Uptime GE Durathon* Battery Paired with Remote Monitoring System from OmniMetrix™ Provides Real-Time Battery and Grid Data Viva-Trilogy Dominicana S.A., a Dominican ...
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Now you can Get What You Want, and It’s Just What You Need
In our recent announcement, SimpliPhi Power showcased an entire line of equipment certified by UL according to the 9540 standard – PHI batteries, AccESS, BOSS.6 and BOSS.12 – allowing more than 60 different, scalable combinations of resilient, reliable and safe energy storage solutions for homes and businesses. In addition to our unparalleled standard of safety and performance, our ...
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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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Africa’s Largest Self-Sufficient Solar Microgrid Project Created through Technologies from MAECI, GE and Princeton Power Systems
Annobon Province, Equatorial Guinea, to Install 5-MW Self-Sufficient Solar Microgrid MAECI Solar Project includes GE and Princeton Power Systems Technology Reliable, Predictable Power Enabled through GE Energy Storage Solar Installation to Supply Electricity for 100 Percent of Annobon Province’s Current Demand The government of Equatorial Guinea has selected MAECI Solar, a division ...
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SEPA, ESA Explore Utility Business Models for Energy Storage
Grid-connected storage can provide value as a resource to support renewable integration, provide grid services, and deliver customer benefits. A new report from the Smart Electric Power Alliance (SEPA) and the Energy Storage Association (ESA) summarizes the key factors that influence utility business models for energy storage and provides four case studies highlighting projects employing creative ...
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SolarCity Announces New Solar Power and Energy Storage Projects with Walmart
SolarCity (Nasdaq: SCTY) today announced it has entered into contract with Walmart for the installation of new solar projects at facilities in up to 36 states over the next four years. SolarCity has completed more than 200 solar projects at Walmart locations since 2010. SolarCity has also installed and tested energy storage projects co-located with solar power generation at 13 Walmart facilities ...
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Emerging Business Models in Energy Storage Market Close the Gaps in Distributed Power Generation
Growing demand for distributed energy generation and energy storage system (ESS) technologies is producing new ESS business models, according to a new report from Frost & Sullivan. In Organization for Economic Co-operation and Development (OECD) countries, innovative models will open up opportunities for ESS original equipment manufacturers (OEMs), project developers, and ESS aggregators. In ...
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B. Riley Principal Merger Corp. II and Eos Energy Storage Announce Letter of Intent for Business Combination
B. Riley Principal Merger Corp. II (NYSE: BMRG, BMRG WS, BMRG.U) (“BRPM II”), a special purpose acquisition company sponsored by an affiliate of B. Riley Financial, Inc. (NASDAQ: RILY) (“B. Riley Financial”), and privately held Eos Energy Storage LLC (“Eos”) today announced they have executed a letter of intent (“LOI”) for a business combination ...
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