grid-scale energy storage News

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

U.S. Senate Energy Committee Examines Grid-Scale Energy Storage

Recently (6/4), the U.S. Senate Energy and Natural Resources Committee examined opportunities for the expanded deployment of grid-scale energy storage. Ranking Member Joe Manchin (D-WV) stressed the important role grid-scale energy storage will play in efforts to achieve carbon emission reductions and address climate change like he and Chairman Lisa Murkowski (R-AK) observed on their recent visit ...

Jun. 6, 2019

Malta Raises $26M, Forms New Grid-Scale Energy Storage Company

Malta Inc, a pioneer in electro-thermal energy storage, recently (12/19) announced it has raised $26M in a Series A round of funding led by Breakthrough Energy Ventures with participation from other investors including Concord New Energy Group and Alfa Laval. The Malta energy storage system stores energy in the form of a thermal differential between hot and cold storage media. It is based on ...

Dec. 20, 2018

Tata Power Collaborates with AES and Mitsubishi Corporation to Power Up South Asia’s Largest Grid-Scale Energy Storage System in India

Tata Power, AES Corporation, and Mitsubishi Corporation recently (2/13) inaugurated India’s first grid-scale battery-based energy storage system in Rohini, Delhi. The 10 Megawatt MW grid-connected system, owned by AES and Mitsubishi Corporation will pave the path for wider adoption of grid-scale energy storage technology across India. Fluence, a market-leading supplier of energy storage ...

Feb. 15, 2019

Revenue from Grid-Scale Energy Storage is Expected to Total More than $68 Billion from 2014-2024

A recent report from Navigant Research analyzes the global market for utility-scale energy storage for both bulk an ancillary service applications. As distributed, renewable power generation resources multiply and grid operators seek ways to balance loads across the system using an increasingly diverse range of assets, the demand for grid-scale energy storage is rising. The grid-scale energy ...

Jan. 6, 2015

DOE announces US$100m available for innovative research projects

At the inaugural ARPA-E Energy Innovation Summit, U.S. Energy Secretary Steven Chu announced $100 million in Recovery Act funding will be made available to accelerate innovation in green technology, increase America’s competitiveness and create new jobs. Today’s announcement comes as some of the nation’s top energy leaders and members of the scientific research community have gathered to ensure ...

Mar. 2, 2010

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

Clarke Energy signs Memorandum of Understanding with NEC Energy Solutions

Clarke Energy, a KOHLER Company, has signed a memorandum of understanding with NEC Energy Solutions, Inc. (NEC) with respect to the supply of their GSS Grid Storage Solution products and warranty service offering. Energy storage products are highly complementary to Clarke Energy’s existing product offering which includes gas engines and biogas upgrading technology. Energy storage systems ...

May 29, 2020

By Clarke Energy

DOE offers $100 million for innovative energy research projects

DOE issued three Funding Opportunity Announcements (FOAs) on March 2 that offer $100 million in American Recovery and Reinvestment Act funding for the third round of its Advanced Research Projects Agency - Energy (ARPA-E) program. The FOAs, announced at the first ARPA-E summit in Washington, D.C., are focused on innovations in three areas of technology: grid storage, power converters, and cooling ...

Mar. 3, 2010

Lithium Ion Batteries for Consumer Electric Vehicles Will Surpass $24 Billion in Annual Revenue by 2023

Lithium ion (Li-ion) batteries have emerged as the leading battery technology for a wide variety of applications, including mobile devices, grid-scale energy storage, and electric vehicles (EVs). The market for Li-ion batteries for automobiles is expected to expand rapidly over the next 10 years, with battery electric vehicles (BEVs) for consumers drawing the largest share. Click to tweet: ...

Jul. 22, 2014

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 ...

Jun. 24, 2020

By Eos Energy Storage

Wärtsilä Delivering a 70MW Energy Storage System In California To Optimize Renewable Energy System Performance

The technology group Wärtsilä is finalizing a 70MW energy storage and energy management system project in the California Independent System Operator energy market. The energy storage system will be paired with Wärtsilä GEMS platform to maximize system efficiencies and will add renewable power to the grid at times when it otherwise wouldn't be available. The order was booked by ...

Apr. 30, 2020

Energy Storage for the Grid is Expected to Reach $15.6 Billion in Annual Revenue by 2024

A new report from Navigant Research analyzes the global market for utility-scale energy storage for both bulk and ancillary service applications. Developing energy storage that is viable for grid applications has been a goal of vendors and grid operators for a number of years. Recently a number of factors have begun to converge to bring that goal close to fruition. Click to tweet: According to a ...

Sep. 18, 2014

Advanced Microgrid Solutions Signs 500 MWh Energy Storage Deal with Tesla

Advanced Microgrid Solutions (AMS) has announced that the company has selected Tesla as the primary technology provider for its groundbreaking utility-scale energy storage projects. Under the agreement, AMS will install up to 500-megawatt hours (MWh) of Tesla batteries in its energy storage projects. AMS has also signed a master agreement with global firm Black & Veatch for engineering and ...

Jun. 5, 2015

By HOMER Energy LLC

Department of energy awards $92 million for groundbreaking energy research projects

U.S. Secretary of Energy Steven Chu today announced 43 cutting-edge research projects that aim to dramatically improve how the U.S. uses and produces energy. Funded with $92 million from the American Recovery and Reinvestment Act through the Department of Energy"s Advanced Research Projects Agency-Energy (ARPA-E), today"s selections focus on accelerating innovation in green technology while ...

Jul. 12, 2010

Department of energy, duke energy and EPRI partner to test advanced energy technologies for utilities

The Department of Energy's Advanced Research Projects Agency-Energy (ARPA-E) has signed a partnership deal with Duke Energy, one of the largest electric power companies in the United States, and with the Electric Power Research Institute (EPRI), a non-profit research organization that focuses on the electric power utility industry in the U.S. and abroad, to identify opportunities for testing and ...

Apr. 14, 2011

Largest California Solar-Plus-Storage Project Agreement Signed

Canadian Solar Inc. recently (10/30) announced its wholly owned subsidiary Recurrent Energy LLC has signed two 15-year power purchase agreements with Silicon Valley Clean Energy and Monterey Bay Community Power for a 150 megawatt solar power system with 180 megawatt-hours of battery storage. This joint procurement effort represents the largest contracted solar-plus-storage project in California ...

Oct. 31, 2018

Vena Energy Selects Doosan GridTech To Deliver Queensland

Vena Energy-Australia has named Doosan GridTech as its engineering, procurement, and construction (EPC) partner to build Queensland's largest energy storage system. This battery energy storage system (BESS) will play a major role in improving grid stability and supporting the state's shift to renewable energy. Located near Wandoan in the state's southwest region, the BESS will have a discharge ...

Dec. 16, 2020

Energy and defense departments announce new steps to enhance cooperation on clean energy and energy security

Building on already strong cooperation between the U.S. Department of Energy and the U.S. Department of Defense, U.S. Secretary of the Navy Ray Mabus announced today new steps between the Departments to strengthen national security through the continued development of advanced clean energy technologies. Furthering the Memorandum of Understanding (MOU) announced last summer the new steps being ...

Mar. 2, 2011