thermal energy storage system News

Global Thermal Energy Storage Market Expected to Reach USD 8558.34 Million by 2026

A recent report from Facts and Factors Research finds that the global thermal energy storage market in 2019 was approximately USD 4,281.6 Million. The market is expected to grow at a CAGR of 10.4% and is anticipated to reach around USD 8558.34 Million by in 2026. Thermal energy storage is referred to as a technology that stocks thermal energy by cooling or heating a storage medium. Later on, the ...

Feb. 1, 2021

By Smart Grid Observer

President Obama announces $1.45 billion conditional commitment offer for Abengoa Solar Inc.

In his weekly video address, President Obama announced today the offer of a conditional commitment to Abengoa Solar Inc. for a $1.45 billion loan guarantee to finance the construction and start-up of a concentrating solar power generating facility. The Solana, Arizona plant will add 250 megawatts (MW) of capacity to the electrical grid using parabolic trough solar collectors and an innovative ...

Jul. 3, 2010

By US Department of Energy

US to launch $4bn green bank loans

The US Department of Energy (DOE) will channel US$4 billion in loans to renewable energy companies in a bid to rejuvenate a key government backed programme. The Obama administration has submitted a draft plan that would provide loan guarantees for innovative clean technology projects that reduce greenhouse gas (GHG) emissions. Once the solicitation is finalised, the Department’s Loan ...

Apr. 21, 2014

By Climate Action

Cheap beads offer alternative solar-heating storage

A cheap material that can store heat energy collected from the sun during the day that can be released slowly over night has been developed by researchers in the India. The material based on paraffin wax and stearic acid is described in a forthcoming issue of the International Journal of Renewable Energy Technology and could help keep homes warm in sunny parts of the world that get very cold ...

Dec. 13, 2011

By Inderscience Publishers

Greater Boston Food Bank, Eversource, and Viking Cold Solutions Collaborate to Cut Energy Consumption at Yawkey Distribution Center

The Greater Boston Food Bank is starting the year off with a 75 percent reduction in energy use during targeted peak hours and substantial cost savings thanks to a partnership with Eversource and the installation of a new Viking Cold Solutions thermal energy storage (TES) system. The TES system for the Food Bank’s refrigeration units was installed at its 117,000 square-foot, high-efficiency ...

Mar. 9, 2019

By Smart Grid Observer

Thermal Energy Storage Market Will Reach USD 8558.34 Million by 2026

According to the report, The global thermal energy storage market in 2019 was approximately USD 4,281.6 Million. The market is expected to grow at a CAGR of 10.4% and is anticipated to reach around USD 8558.34 Million by in 2026.Thermal energy storage is referred to as a technology that stocks thermal energy by cooling or heating a storage medium. Later on, the stored energy can be used for ...

Feb. 11, 2021

By FNF Research

Sec. Moniz Discusses Advanced Technology Vehicle Manufacturing Loans

U.S. Secretary of Energy Ernest Moniz today highlighted key improvements to the Department’s Advanced Technology Vehicles Manufacturing (ATVM) Loan Program at the Motor & Equipment Manufacturers Association (MEMA) Legislative Summit. The ATVM Loan Program plays a crucial role in supporting the growth of the U.S. auto manufacturing industry—including automotive component ...

Apr. 2, 2014

By US Department of Energy

The People’s Republic of China to Demonstrate First-of-its-kind Concentrated Solar Thermal Power Plant

The Asian Development Bank (ADB) is helping the People’s Republic of China (PRC) build a first-of-its-kind, large-scale concentrated solar thermal power (CSP) plant in the northwestern province of Qinghai to produce clean energy and cut carbon emissions. “This pioneering project will demonstrate how the PRC could leverage its indigenous solar resources to diversify its energy mix in ...

Dec. 3, 2013

By Asian Development Bank

Abengoa Solar inaugurates second-generation solar tower

Abengoa Solar’s first high-temperature power tower, Eureka, was unveiled today by Martín Soler Márquez, Director of Innovation, Science and Enterprise for the Andalusian Regional Government. This power tower is intended to test, the only plant featuring these characteristics in operation in Andalusia and Europe, on an experimental basis, a new type of receiver that will ...

Jun. 19, 2009

By Abengoa Solar

Department of Energy Issues Final $12.5 Billion Advanced Nuclear Energy Loan Guarantee Solicitation

Today, the Department of Energy issued the Advanced Nuclear Energy Projects loan guarantee solicitation, which provides as much as $12.5 billion to support innovative nuclear energy projects as a part of the Administration’s all-of-the-above energy strategy. With the issuance of this solicitation today, the Department’s Loan Programs Office (LPO) now has open solicitations in four ...

Dec. 10, 2014

By US Department of Energy

U.S. Energy Department Announces $25 Million to Lower Cost of Concentrating Solar Power

Building on the Obama Administration’s Climate Action Plan, the Energy Department today announced $25 million in funding to advance concentrating solar power (CSP) system technologies. This investment will fund research and development (R&D) projects to improve the performance and increase the efficiency of all components of CSP plants, ultimately lowering the cost of solar electricity ...

Oct. 1, 2014

By US Department of Energy

Department of Energy Issues Draft Loan Guarantee Solicitation for Advanced Nuclear Energy Projects

The Department of Energy has issued a draft solicitation that would provide up to $12.6 billion in loan guarantees for Advanced Nuclear Energy Projects, supporting the Administration’s all-of-the-above energy strategy and bringing the nation closer to its low-carbon future. Once finalized, these loan guarantees will provide critical financing to help commercialize advanced nuclear energy ...

Sep. 30, 2014

By US Department of Energy

Abengoa obtains environmental approval for Atacama 2, its second solar complex of 210 MW in Chile

The Atacama 2 solar complex will consist of a110 MW solar thermal electricity tower plant and a 100 MW PV plant. It will incorporate a thermal storage system with molten salts that will permit to produce electricity for 15 hours without direct solar radiation. Abengoa (MCE: ABG.B/P SM /NASDAQ: ABGB), Abengoa (MCE: ABG.B/P SM /NASDAQ: ABGB), the international company that applies innovative ...

May 27, 2015

By Abengoa

Department of Energy Releases $8 Billion Solicitation for Advanced Fossil Energy Projects

As part of President Obama’s Climate Action Plan, the Energy Department published a solicitation on December 12, making up to $8 billion in loan guarantee authority available to support innovative advanced fossil energy projects that avoid, reduce, or sequester greenhouse gases. Authorized by Title XVII of the Energy Policy Act of 2005, loan guarantees under this new solicitation will help ...

Dec. 12, 2013

By US Department of Energy

Abengoa and Shikun & Binui Renewable Energy close project financing for Ashalim, a 110 MW solar power plant in Israel

Abengoa (MCE: ABG.B/P SM /NASDAQ: ABGB), the international company that applies innovative technology solutions for sustainability in the energy and environmental sectors, announced today that it has closed, together with its partner the Israeli global infrastructure group Shikun & Binui, the non-recourse project financing for Ashalim. The total investment of the project will be approximately ...

Jul. 20, 2015

By Abengoa

Energy Department Makes Additional $4 Billion in Loan Guarantees Available for Innovative Renewable Energy and Efficient Energy Projects

In support of the President’s Climate Action Plan, the Department of Energy issued a loan guarantee solicitation today, making as much as $4 billion in loan guarantees available for innovative renewable energy and energy efficiency projects located in the U.S. that avoid, reduce, or sequester greenhouse gases. This solicitation represents the next step in the Department’s commitment ...

Jul. 3, 2014

By US Department of Energy

Energy Department Analysis: Loan Guarantee Program Launched Utility-Scale Photovoltaic Solar Market in the United States

October 17, 2016 -- The U.S. Department of Energy's (DOE) Loan Programs Office (LPO) today (10/14) released new numbers on how the Obama Administration's early support for solar photovoltaic (PV) projects led to a massive expansion of large-scale solar farms. According to today's update to a 2015 report, the loans provided by DOE to the first five utility-scale solar PV projects larger than 100 ...

Oct. 17, 2016

By Smart Grid Observer

Energy Secretary Moniz Dedicates world’s largest concentrating solar power project

Energy Secretary Ernest Moniz will participate today in the opening of the Ivanpah Solar Energy Generating System, the world’s largest concentrating solar power (CSP) plant. As President Obama highlighted in his State of the Union address, the U.S. is becoming a global leader in solar energy -- demonstrated by a new industry report which found that U.S. utility-scale solar set a record with ...

Feb. 13, 2014

By US Department of Energy

Abengoa signs power purchase agreement and secures financing of Xina Solar One, 100 MW solar thermal plant in South Africa

Abengoa (MCE: ABG.B/P SM /NASDAQ: ABGB) an international company that applies innovative technology solutions for sustainability in the energy and environmental sectors, announced today that, in an institutional ceremony with the Department of Energy of South Africa at their premises in Centurion, it has, with its partners the Industrial Development Corporation (IDC), the Government Employees ...

Dec. 15, 2014

By Abengoa

Secretary Moniz Dedicates Innovative Commercial-Scale Cellulosic Biofuel Plant

Marking another milestone in the Administration’s support of clean energy technologies that will diversify our energy portfolio and help transition the U.S. toward a low-carbon future, Energy Secretary Ernest Moniz will deliver remarks today at the grand opening of Abengoa’s second-generation cellulosic ethanol plant in Hugoton, Kansas as part of Energy Action Month. Once operating at ...

Oct. 17, 2014

By US Department of Energy

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