power grid market News
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Wärtsilä and Eolian Complete the Largest Merchant Battery System in the World at 200 MW
The technology group Wärtsilä has reached commercial operation date (COD) for two major interconnected energy storage systems in South Texas totaling 200 MW and owned by Eolian L.P. (Eolian), a portfolio company of Global Infrastructure Partners. The Madero and Ignacio energy storage plants will be operated using Eolian software, enabling full participation in the Electric Reliability Council of ...
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California ISO Records Banner Year for Renewables Integration
The electric grid managed by the California Independent System Operator (ISO) delivered record-breaking amounts of solar and wind energy in 2019, according to the company's 2019 Statistics fact sheet posted this week (2/3). The ISO published the document to help the public easily access key data about its power grid and wholesale energy market, part of a continuing commitment to transparency and ...
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As India Recovers From the Largest Blackout In History, New Focus is Brought to the Potential of the Smart Grid to Help Meter, Forecast, and Control Power Demand and Distribution
Last week, northern India experienced two tremendous power outages, including one of the most widespread in history, with more than 620 million people losing power for several hours or more. While it will still be weeks or months before the whole story is told, an overstressed, outdated, fragile power grid is being described as an early suspect for the root of the problem. The nature of the ...
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New study sheds light on the growing US wind power market
For the fourth consecutive year, the U.S. was home to the fastest-growing wind power market in the world in 2008, according to a report released by the U.S. Department of Energy and prepared by Lawrence Berkeley National Laboratory (Berkeley Lab). Specifically, U.S. wind power capacity additions increased by 60 percent in 2008, representing a $16 billion investment in new wind projects. “At ...
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Dimeta and Rinnai team up on greener gas appliances
Dimeta, a global joint venture to accelerate the production and use of renewable and recycled carbon Dimethyl Ether (DME) has announced the signing of a Memorandum of Understanding (MoU) with the Rinnai, a global manufacturer and distributor of gas appliances, to explore ways to decarbonise the LPG market in Europe through the use of DME. Renewable and recycled carbon DME is a clean-burning, ...
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Solar PV Manufacturers Eye Operational Efficiencies Deriving from Smart Solutions
As solar photovoltaics (PVs) transition from a subsidy-dependent market to a subsidy-free, grid-parity market, solar power manufacturers will increasingly employ smart solutions to improve operational efficiency and reduce overall operation and maintenance costs. This trend, along with the demand for solar PV with storage, is expected to drive the $38.38 billion market toward $44.82 billion by ...
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NYISO Releases Power Trends 2019: Annual State of the Grid & Markets Report
The New York Independent System Operator (NYISO) has released Power Trends 2019. Each year, this report provides information and analysis on how technology, economic forces and public policy are shaping a more dynamic power grid, and the implications for the state’s wholesale electricity markets. The electric power system in New York stands at the cusp of the next evolution. New ...
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California ISO Launches the Most Advanced Grid Operating System
The California Independent System Operator (ISO) upgraded its power grid operating technology last week, making it the most advanced in the industry. The Siemens Spectrum PowerTM 7 energy management system was launched into the ISO's grid environment on Oct. 2, following five years of study, competitive bidding, design, and implementation. The system upgrade is intended to better serve ISO ...
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Growing Demand For Ballard Backup Power Systems Driven By Two Distinct Telecom Needs
Daily Outages in Markets with Unreliable Grids Crisis Situations in Markets with Reliable Grids VANCOUVER, June 5, 2013 /PRNewswire/ - As addressed at the Company's Annual General Meeting yesterday, Ballard Power Systems (NASDAQ: BLDP)(TSX: BLD) confirmed that recent growth in shipments of its ElectraGenTM Telecom Backup Power systems is being driven by two distinct needs: (i) backup power ...
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Ballard Launches Next-Generation Fuel Cell System Addressing Telecom Backup Power Needs
Ballard Power Systems (NASDAQ: BLDP)(TSX: BLD) has announced the launch of the next-generation ElectraGen™-ME backup power system for use in the telecom market. The product is fuelled by methanol and features a number of enhancements that further improve reliability, durability as well as ease of maintenance and servicing, all important benefits for the growing number of telecom operators ...
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IKEA purchases Canadian wind farm from Mainstream
Global wind and solar company Mainstream Renewable Power has closed a deal to sell its 46 megawatt Oldman 2 Wind Farm, located in Alberta Canada, to IKEA the world’s largest furniture retailer. Mainstream has commenced construction of the project at a cost of approximately CAD$90m and it is expected to be operational in the autumn of 2014 at which point IKEA will purchase the plant. As part ...
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Celebrating Global Wind Day
The European Wind Energy Association and the Global Wind Energy Council are promoting awareness of wind energy as a principle means of reducing our appetite for fossil fuels and fighting the effects of global climate change. Local events to celebrate the first Global Wind Day are planned in 32 countries across Europe, Asia and North America. The global event has grown on the success of European ...
By ABB
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AES Breaks Ground on 400 MWh Energy Storage Project in Southern California
AES Alamitos, a subsidiary of The AES Corporation, recently announced the groundbreaking of a 400 megawatt-hour (MWh) battery-based energy storage system for Alamitos Energy Center (AEC) as part of a larger modernization and replacement project of the existing AES Alamitos Generating Station. The energy storage facility in Long Beach will provide up to 400 MWh of local energy to ensure power ...
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America’s Leading Financial Institutions Report High Confidence in Renewable Sector Growth
One year into its campaign to reach $1 trillion in U.S. private sector investment in renewable energy and enabling grid technologies by 2030, the American Council on Renewable Energy (ACORE) is releasing a progress report tracking U.S. renewable investment and assessing the policy and market pathways needed to achieve $1T 2030: The American Renewable Investment Goal. The new report also includes ...
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Avista Micro-Transactive Grid to Study Energy Sharing, Resiliency
By March 2021, Avista Utilities will energize a microgrid in Spokane, Washington's University District that allows buildings to share energy, which will minimize impacts on the power grid and create a local energy market. The project, known as a micro-transactive grid or MTG, will allow distributed energy resources (DER) to be traded from one building to another as needs shift, forming what ...
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Security And Supply For US Electric Power Infrastructure Back In The Spotlight After Recent Storms Highlight Weaknesses In The Grid
FARMINGTON, Conn., July 9, 2012 /PRNewswire-iReach/ -- After the October 2011 nor'easter created long-lasting power outages for nearly 2 million people, and the more recent mid-Atlantic/Midwest derecho knocked out power for nearly twice as many residents, the United States' power infrastructure is once again a hot topic in the news. These storms serve as reminders of both the extreme ...
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Grid Parity Vital to Ensure Higher Adoption of Green Semiconductors, Finds Frost & Sullivan
While solar power still reigns as the most favored alternate source of energy, this market is going through consolidation in terms of capacity and competition. As a traditional stronghold of solar photovoltaics (PVs), Europe has been battling a financially weaker eurozone, causing investors to shift their focus to other regions such as North America and Asia Pacific. New analysis from Frost ...
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SMA America to Debut Innovative Commercial and Utility-Scale Products at Solar Power International 2010
ROCKLIN, Calif., Sept. 9, 2010—SMA America, the North American subsidiary of global solar technology leader SMA Solar Technology AG, will unveil new commercial and utility-scale solar inverters, as well as monitoring solutions and professional services at this year’s Solar Power International, scheduled for Oct. 12-14, 2010 at the Los Angeles Convention Center in Los Angeles, Calif. ...
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Offshore wind to become a $1 trillion industry
Offshore wind power will expand impressively over the next two decades, boosting efforts to decarbonise energy systems and reduce air pollution as it becomes a growing part of electricity supply, according to an International Energy Agency report published today. Offshore Wind Outlook 2019 is the most comprehensive global study on the subject to date, combining the latest technology and market ...
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Consumer Demand Drives Record Year for Wind Energy Purchases
Fortune 500 brands and a range of other non-utility entities, including cities and universities, are catalyzing America’s growing demand for renewable energy by purchasing a record amount of wind power in 2018 according to a new report released this week by the American Wind Energy Association (AWEA). Consumer demand combined with policy stability and low, stable prices helped wind power capacity ...
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