grid-scale energy storage News
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September 2013 PSERC Webinars
The DOE-funded Power Systems Engineering Research Center (PSERC) is offering two free public webinars in September. The webinars are free and no pre-registration is necessary. For more information and details on logging into the webinar, please visit PSERC's website or click the links below for each webinar. Tuesday, September 3 from 2 - 3 pm ET: Grid-Scale Energy Storage This webinar will ...
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Closing the Innovation Gap in Grid-Scale Energy Storage
Grid-scale energy storage has the potential to make the transition to a low-carbon energy system easier, quicker, and cheaper than it would be otherwise. Progress has been made to bring a wide array of storage technologies to the market, thanks in part to federal and state policies. However, these options are still not cheap enough or powerful enough to provide all the storage services required ...
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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 ...
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California ISO Prepares for Surge in Grid-Scale Energy Storage
The California Independent System Operator (ISO) recently kicked off an initiative to explore market reforms to embrace a historic tide of commercial-scale storage technology onto its system in the next few years, laying the foundation for a global model to support the transition to zero-carbon power grids."California's drive for decarbonization has placed the ISO on the leading edge of the ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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Fluence and Northvolt Collaborate to Co-Develop Smart, Sustainable Battery Technology for Grid-Scale Energy Storage
Fluence, a leading global energy storage technology, software and services provider, and Northvolt, a leading European battery developer and manufacturer, this week announced an agreement to co-develop next-generation battery technology for grid-scale storage applications. As part of the agreement, Fluence also plans to purchase battery systems from Northvolt. The companies will draw on ...
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PG&E and Energy Vault to Build Largest Green Hydrogen Long-Duration Energy Storage System in U.S.
Energy Vault Holdings, a leader in sustainable grid-scale energy storage solutions, and Pacific Gas and Electric Company (PG&E) this week (Jan 5) announced the companies are partnering to deploy and operate a utility-scale battery plus green hydrogen long-duration energy storage system (BH-ESS) with a minimum of 293 megawatt-hours of dispatchable carbon-free energy. The BH-ESS is designed to ...
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Fluence and Litgrid Energy Storage-as-Transmission Pilot Project Wins S&P Global Energy Award
Fluence Energy, a global provider of energy storage products and services, and cloud-based software for renewables and storage, and Litgrid, the Lithuanian transmission system operator, won a prestigious international S&P Global Energy Award 2022 in the Grid Edge category. The award was given for a battery-based energy storage-as-transmission pilot project deployed in Lithuania by Litgrid and ...
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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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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: ...
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Nuvation Energy Becomes Reseller of EVLO Energy Storage Systems
EVLO Energy Storage, Hydro-Québec's energy storage subsidiary, and Nuvation Energy, are teaming up through a reseller agreement for EVLO's energy storage systems. EVLO specializes in grid-scale energy storage systems based on Hydro-Québec's patented lithium iron phosphate (LFP) battery chemistry while Nuvation Energy provides battery management systems and energy storage engineering services to ...
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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 ...
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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 ...
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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 ...
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