flywheel energy storage News

Department of energy and beacon power finalize $43 million loan guarantee for innovative energy storage project in New York state

Energy Secretary Steven Chu today announced that a $43 million loan guarantee has been finalized for Beacon Power Corporation's 20 megawatt innovative flywheel energy storage plant in Stephentown, NY. The plant will help improve the stability and reliability of the state's electric grid and Beacon estimates it will create 20 construction jobs in New York and 40 permanent jobs in Massachusetts. ...

Aug. 9, 2010

By US Department of Energy

Geneva motor show spotlights plug-ins, electric vehicles, and hybrids

The 80th Geneva International Motor Show opened to the public on March 4 and features new hybrids and plug-in electric vehicles from such high-powered automakers as Porsche, Ferrari, and Lotus. Porsche wowed audiences by unveiling the 918 Spyder plug-in hybrid prototype concept, a super sports car with performance rivaling the Porsche Carrera GT, but also able to achieve 78 miles per gallon (mpg) ...

Mar. 10, 2010

By U.S. Department of Energy - Office of Energy Efficiency and Renewable Energy

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 ...

Nov. 25, 2019

By Hydrostor Inc.

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: ...

Oct. 26, 2011

By Marcus Evans

Energy storage innovation showcase

Thank you, Ian Arbon, session chairman. And I’d like to thank the Electricity Storage Network, hosts of today’s conference - especially for providing an opportunity to showcase some of DECC’s low carbon innovation projects. I’ve come to you today straight from the launch of my Department’s Global Calculator, which we worked on in collaboration with Climate KIC, ...

Jan. 28, 2015

By Department of Energy and Climate Change

RES Canada Announces Completion of Energy Storage System

Renewable Energy Systems Canada Inc. (RES Canada), a leader in the development and construction of wind, solar, transmission, and energy storage projects in North America, is pleased to announce final certification of the company's second energy storage system, Amphora. RES Canada conceived, developed, and constructed the energy storage system, which it will own and operate. Located in Central ...

Aug. 5, 2014

By Energy Storage Association (ESA)

Grid-Scale Energy Storage Systems Launched In 2013-2014 Total More Than 360 Megawatts

A new report from Navigant Research provides a comprehensive resource of grid-scale energy storage projects worldwide, including a database of 697 projects encompassing 1,160 systems. Government funding, subsidies, and regulatory reforms continue to encourage the growth of the market for grid-scale energy storage systems. While lithium ion (Li-ion) technology has emerged as the global leader in ...

Sep. 30, 2014

By Navigant Consulting, Inc. (NCI)

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 ...

Apr. 17, 2012

By Frost & Sullivan

UK’s National Grid Goes Big Into Energy Storage With 201MW of Fast-Acting Batteries

U.K. grid operator National Grid has just put its money behind one of the world’s single largest procurements of energy storage. Late last week, the owner and operator of the transmission grid in England and Wales announced 201 megawatts of winning bids of its first-ever tender for “enhanced frequency response.” Out of a list of some 64 pre-qualified bidders, National Grid ...

Aug. 30, 2016

By Greentech Media

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 ...

Nov. 30, 2011

By Marcus Evans

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 ...

Jul. 11, 2013

By Bloomberg New Energy Finance

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 ...

Jun. 4, 2012

By Global Information, Inc. (GII)

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 ...

Jan. 23, 2013

By Duke Energy