thermal energy storage technology News
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CSP`s Role in the US Energy Mix – New guide released by CSP Today
Researchers at CSP Today have completed work on a guide focused on CSP's current and potential future role in the US Energy Mix. Hours of research has resulted in the general release of this resource, which provides data, information and interviews on how CSP and its storage technology can benefit the US energy mix, and also help utilities and grid operators overcome PV and wind intermittency. ...
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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 ...
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Masdar Institute and NEST AS partnering to build Thermal Energy Storage Solution
Masdar Institute of Science and Technology and NEST AS are planning to develop a large-scale thermal energy storage technology (TES) pilot in Masdar City in preparation for MENA’s emerging CSP industry. Masdar institute’s solar energy department have been focusing on the development of concentrated solar power (CSP) and have recently launched the ‘Beam Down’ solar ...
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CSP projects set for cost reductions from wider roll out of molten salt storage: Halotechnics
The development of scalable storage-only technology, using electricity to heat molten salts, would help reduce costs for CSP projects, Justin Raade, CEO of energy storage systems supplier Halotechnics, said. The deployment of molten salt storage on a wider range of generation types would increase the bankability of CSP with storage, Raade told CSP Today. Halotechnics is proposing to use thermal ...
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Abengoa will develop a new 100 MW solar plant in South Africa
Abengoa (MCE: ABG.B/P SM /NASDAQ: ABGB), the international company that applies innovative technology solutions for sustainability in the energy and environment sectors, has been selected by the Department of Energy (DOE) of South Africa to develop Xina Solar One, a 100 MW parabolic trough plant with a five-hour thermal energy storage system using molten salts. This project will form the largest ...
By Abengoa
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SolarReserve lends insight on hybrid solar power solutions for baseload power
SolarReserve to speak on the integration of photovoltaic (PV) and advanced solar thermal (CSP) technology for cost-competitive 24/7 baseload power. SANTA MONICA, California, October 03, 2014 – SolarReserve, a leading global developer of large-scale solar power projects and advanced solar thermal storage technology, will offer insights on the future of hybrid solar energy technology ...
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Secretary Chu announces $130 million for advanced research projects
Department of Energy Secretary Steven Chu announced today that up to $130 million from the Advanced Research Projects Agency-Energy (ARPA-E) will be made available to develop five new program areas that could spark critical breakthrough technologies and secure America's energy future. Today's funding opportunity announcement comes two months after ARPA-E announced six of its projects have secured ...
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New Buildings Consortium to Focus on Benefits of Thermal and Electrochemical Energy Storage
Stor4Build is a new consortium on energy storage for buildings that will accelerate the growth, optimization, and deployment of storage technologies. The consortium will be co-led by the U.S. Department of Energy's National Renewable Energy Laboratory (NREL), Lawrence Berkeley National Laboratory (Berkeley Lab), and Oak Ridge National Laboratory (ORNL). "The need for energy storage continues to ...
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EISEDICHT exhibiting at InterSolar 2014 in Munich
Intersolar Europe takes place annually at Messe München. It is the world’s largest exhibition for the solar industry and its partners. In 2013, 1,292 international exhibitors - among others EISEDICHT - and round 50,000 trade visitors attended Intersolar Europe. The exhibition focuses on the areas of photovoltaics, PV production technologies, energy storage and solar thermal ...
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DOE funds 15 new solar power storage and heat transfer projects
U.S. Department of Energy (DOE) recently announced selections for negotiations of award under the Funding Opportunity Announcement (FOA), Advanced Heat Transfer Fluids and Novel Thermal Storage Concepts for Concentrating Solar Power Generation. These 15 new projects, for up to approximately $67.6 million, will facilitate the development of lower-cost energy storage for concentrating solar power ...
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Department of Energy awards $156 million for groundbreaking energy research projects
Arun Majumdar, Director of the Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E), today announced 60 cutting-edge research projects aimed at dramatically improving how the U.S. produces and uses energy. With $156 million from the Fiscal Year 2011 budget, the new ARPA-E selections focus on accelerating innovations in clean technology while increasing America's ...
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Dubai tenders for 200 MW CSP plant
Dubai Electricity & Water Authority (DEWA) launched June 12 a tender for a 200 MW CSP plant. The tender represents the first phase of a plan to build 1 GW of CSP capacity within the Mohammed bin Rashid al-Maktoum Solar Park by 2030. Dubai has set a target of 25% of energy from solar power by 2030 and the total capacity of the Mohammed bin Rashid al-Maktoum park is expected to reach 5 GW. ...
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New York Power Authority and Electric Power Research Institute Awarded $200,000 To Research Long-Duration Storage
The New York Power Authority is launching a project with the Electric Power Research Institute (EPRI) to explore the use of crushed rock thermal energy storage to provide reliable and effective energy storage in a market with significant renewable energy resources. The technology holds potential to help transition New York State from fossil fuels to at least 70 percent renewable electricity by ...
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National Atlas highlights our renewable energy potential
Environment Minister Peter Garrett today launched the first ever, user friendly interactive atlas to map the full extent of Australia's renewable energy resources. Speaking at the site of the new solar 'big dish' at the Australian National University, Mr Garrett said the atlas would be a fantastic and invaluable tool for industry, governments and the community as Australia explored solutions to ...
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Yingli Green Energy to Supply 96 MW PV Modules to One of the Largest Solar Projects in South Africa
Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), a leading solar energy company and one of the world's largest vertically integrated photovoltaic ("PV") manufacturers, which markets its products under the brand "Yingli Solar", today announced that the Company has signed a contract to supply 96 MW of PV modules to the Jasper PV, located in South ...
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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 ...
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California’s Discovery Science Center Selects GE Energy Storage System for Southern California Edison Project
10-20 Percent of Center’s Daily Electrical Consumption to be Shifted to off-Peak Hours 500-Kilowatt-Hour System to Provide Backup Power in the Event of Power Outages GE Energy Storage (NYSE: GE) today announced that it will participate in a load-shifting project at Discovery Science Center in Santa Ana, Calif., a non-profit education organization. The 500-kilowatt-hour GE storage and ...
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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 ...
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Heliogen Announces Appointment of Industrial Energy Transition Veteran Barbara Burger to Board of Directors
Heliogen, Inc. (NYSE: HLGN), a renewable energy technology company utilizing concentrated sunlight and thermal storage to decarbonize industry, today announced the appointment of Barbara J. Burger, PhD, as a member of the Board of Directors, effective September 12th. Dr. Burger replaces David Crane following his recent nomination by President Biden to serve as Under Secretary for ...
By Heliogen
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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 ...
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