energy storage business News
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NERC Submits Comprehensive Work Plan Addressing FERC Order 901 Directives
NERC has submitted a comprehensive Standards Development Work Plan in support of NERC’s 2024 work plan priorities around inverter-based resource reliability risks and to address directives from FERC Order 901. The work plan explains how NERC will prioritize the development of projects consistent with the timelines specified in the order, with full implementation of the resulting standards by ...
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University of Waterloo: Research on Using Idle Trucks to Power the Grid with Clean Energy
University of Waterloo researchers are tapping into idled electric vehicles to act as mobile generators and help power overworked and aging electricity grids. The research proposes paying drivers of fuel cell powered trucks to rest during rush hour and while resting, to plug into a hydrogen refueling station or pipeline and use their trucks’ idle fuel cells as generators to provide electricity to ...
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PJM Publishes 2024 Long-Term Load Forecast
PJM has released its new long-term load forecast, and it predicts estimated electricity demand growth of 1.7% per year for summer peaks, 2% for winter peaks, and 2.4% for net energy over a 10-year planning horizon starting in 2024. The PJM footprint has about 500,000 light-duty EVs in 2024, and S&P Global is forecasting about 23 million light-duty EVs by 2039, a growth rate of just under 30% ...
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NuEnergen, OBM Foreman to Automate Energy Curtailment for the Southwest Power Pool
Demand response services provider and energy management consultant NuEnergen announced this week a partnership to bring automated demand response to users of the Southwest Power Pool (SPP) through a collaboration with OBM Foreman, an industry leading miner management and curtailment software provider. This integration allows for rapid response to grid constraints by adjusting crypto mining ...
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Technavio Report: Global Smart Grid Market to Reach $173 Billion by 2030
According to a new report (January 2024) from Technavio, the global market for smart grid technologies estimated at $49.8 billion in 2022, is projected to reach a revised size of $173 billion by 2030, growing at a CAGR of 16.8% over the analysis period 2022-2030. Software, one of the segments analyzed in the report, is projected to record 18.4% CAGR and reach $80 billion by the end of the ...
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Public Service Company of Oklahoma Seeks New Generation Resources
Public Service Company of Oklahoma (PSO) has issued a Request for Proposals (RFP) seeking additional generation resources. The RFP seeks up to 1,500 megawatts of additional power generating capacity to be in service no later than December 15, 2028. The RFP includes all sources, such as natural gas, wind, solar and energy storage proposals. PSO is open to acquiring energy through a variety of ...
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NREL Releases Beginner’s Guide to Understanding Power System Model Results for Long-Term Planning
The Beginner’s Guide to Understanding Power System Model Results for Long-Term Resource Plans is designed to improve decision-making in the electricity planning process by strengthening dialogue between system planners and relevant stakeholders. It focuses on interpreting scenario results generated by power system planning models. These results are often used to inform integrated resource plans, ...
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World's Most Advanced Battery Energy Storage System Comes Online in Hawaii
Plus Power™ this week announced it has begun operating its Kapolei Energy Storage facility on Oahu, Hawaii, which the company notes is the most advanced grid-scale battery energy storage system in the world, helping transition the state's electric power from coal and oil to solar and wind. "This is a landmark milestone in the transition to clean energy," said Brandon Keefe, Plus Power's ...
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ERCOT Provides New Look at Battery Storage Production on the Grid
As part of continued efforts to increase transparency into grid operations, ERCOT recently (Dec 7) announced the new Energy Storage Resources (ESR) dashboard and Integration Report that provides Texans with a view of charging and discharging battery production on the grid. “Energy Storage Resources (batteries) are connecting to the grid at an incredible rate and becoming a significant part of our ...
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SPP Seeks Industry Experts to Assess Competitive Transmission Project Proposals
Southwest Power Pool, Inc. (SPP) is accepting applications to create a pool of industry experts. These experts may be chosen to serve on an independent panel to review competitive transmission construction proposals in 2024. In response to the Federal Energy Regulatory Commission’s Order 1000, SPP annually forms a pool of individuals used to create a panel of industry experts. This panel will ...
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Southern Company Ranks First Among Utilities in Fortune's Most Admired Companies for 2024
Southern Company ranks as the No. 1 most-admired electric and gas utility worldwide according to Fortune magazine's World's Most Admired Companies list for 2024. A ranking of the world's most respected and reputable companies, the list is based on a survey of more than 3,700 executives, directors and financial analysts. "It is an honor to be named the most-admired electric and gas utility by ...
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EnergyHub Helps Ontario’s IESO Build Canada’s Largest Residential VPP in Just Six Months
EnergyHub, a leading grid-edge flexibility provider, in partnership with Ontario’s Independent Electricity System Operator (IESO), has enrolled more than 100,000 homes in the Save on Energy Peak Perks™ program in just six months to create the largest residential virtual power plant (VPP) in Canada. It’s the fastest growing flexibility program in EnergyHub’s decade-plus working with over 60 ...
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EIA Expects Two Years of Significant Growth in Solar Electric Generation in the United States
The U.S. Energy Information Administration (EIA) expects solar electric generation will account for 7% of total U.S. electricity generation in 2025, up from 4% in 2023, according to its January Short-Term Energy Outlook (STEO). Developers have reported that almost 80 gigawatts of solar power will come online over the next two years, increasing U.S. solar generating capacity by 84% and making ...
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Ember Study: Half of the World is Past a Peak in Fossil Power
Half of the world’s economies are already five years past a peak in power generation from fossil fuels, new analysis from energy think tank Ember shows. Emissions from these 107 power sectors, representing 38% of global electricity demand, have fallen by almost 20% in the last decade. The vast majority (78) of these economies have displaced fossil fuels from their power sectors through clean ...
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New MISO Attributes Roadmap Focuses on Future Grid Reliability Needs
MISO recently (Dec 15) published its Attributes Roadmap report which explores three key electric system attributes required to ensure grid reliability and presents recommended solutions to inform ongoing stakeholder collaboration. The report presents insights and solutions to the three system attributes where near-term risk is most acute - system adequacy, flexibility, and system stability. “We ...
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DOE Announces $131 Million to Supercharge America's EV Battery Supply Chain
The U.S. Department of Energy this week (Jan 18) announced more than $131 million for projects to advance research and development in electric vehicle batteries and charging systems, and funding for a consortium to address critical priorities for the next phase of widescale EV commercialization. The advanced battery consortium will work towards developing advanced technologies that will ...
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Regulators Approve 5-year Grid Resilience Plan for Hawaiian Electric
The Hawaii Public Utilities Commission (PUC) has approved Hawaiian Electric's $190 million Climate Adaptation Transmission and Distribution Resilience Program application, which will help defend against the increasing threat of wildfires and harden its five island electric grids against severe weather-related events fueled by climate change. The decision is an essential regulatory step enabling ...
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SoCalGas Supports Nostromo Energy's Installation of an Innovative Energy Storage Solution
Southern California Gas Company this week announced the successful installation of an innovative energy savings solution at the Beverly Hilton and Waldorf Astoria hotels, that helps reduce the need for air conditioning during peak electric demand, reducing greenhouse gas emissions, energy use, and costs. Nostromo Energy's IceBrick system will receive incentives from the California Public ...
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Tantalus Launches TRUGrid™ Transformer to Accelerate Grid Modernization
Tantalus Systems, a smart grid technology company focused on helping utilities harness the power of data, this week announced the commercial launch of its data analytics capability, TRUGrid™ Transformer, which is being deployed by a growing number of utilities across North America. TRUGrid Transformer is an expansion of Tantalus’ TRUGrid Automation suite of AI-enabled data analytics. This ...
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Global Coal Demand Expected to Decline in Coming Years
After reaching an all-time high this year, global coal demand is expected to decline to 2026, according to the latest edition of the International Energy Agency’s (IEA) annual coal market report – the first time that the report has predicted a drop in global coal consumption over its forecast period. Coal 2023 sees global demand for coal rising by 1.4% in 2023, surpassing 8.5 billion tonnes for ...
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