utility energy storage News

Eos Energy Storage to Deploy its Latest Generation Battery System in Pala, California Energy Storage Yard

Eos Energy Storage, the leading manufacturer of safe, low-cost and long-duration zinc battery storage systems, is proud to announce plans to deploy its latest technology battery energy storage system (BESS) in partnership with the California Energy Commission(CEC). The BESS will be used to evaluate performance across multiple utility energy storage use cases. In light of the wildfires impacting ...

Jun. 22, 2020

By Eos Energy Storage

Southern Power Announces Partnership with esVolta for Energy Storage Projects

Southern Power, a leading U.S. wholesale energy provider and subsidiary of Southern Company, recently (7/24) announced its partnership with esVolta, a prominent developer and owner of lithium-ion battery storage projects. The partnership includes up to four utility-scale energy storage projects located in California totaling more than 86 megawatts (MW) and 345-megawatt hours (MWh). The company's ...

Jul. 29, 2019

By Smart Grid Observer

U.S. Energy Storage Market Forecast to Exceed $5 Billion in 2014

The U.S. energy storage market totaled $3.06 billion in 2011 and is expected to exceed $5 billion in 2014, according to new estimates released by Climate Change Business Journal (CCBJ). A proprietary survey conducted by CCBJ and the Electricity Storage Assn. (ESA) in October 2011 revealed that the utility energy storage market is expected to contribute sales of $220 million to this total, ...

Dec. 1, 2011

By Environmental Business International (EBI)

Advanced Batteries for Utility-Scale Energy Storage Applications Will Surpass $2.5 Billion in Annual Revenue by 2023

Batteries have not traditionally been an integral part of the utility grid, primarily due to concerns about cost, safety, durability, and efficiency. Today, however, technological advances in electrochemistry have enabled a new generation of advanced batteries to start playing an important role in grid management. Click to tweet: According to a new report from Navigant Research, worldwide revenue ...

Feb. 18, 2014

By Navigant Consulting, Inc. (NCI)

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

By Navigant Consulting, Inc. (NCI)

Energy Capacity of Advanced Batteries for Utility-Scale Energy Storage Applications Will Grow 71 Percent per Year through 2023

Traditionally, the electricity grid has functioned mostly without any stored resources. Today, however, the rapid expansion of distributed, renewable energy resources is increasing demand for energy storage on the grid even as technological advances in electrochemistry are enabling advanced batteries to play an increasingly important role in grid management. Click to tweet: According to a recent ...

May 29, 2014

By Navigant Consulting, Inc. (NCI)

SolarReserve Project Receives Unanimous Approval From California Public Utilities - Energy Storage Sited as Key Benefit

SANTA MONICA, Calif., Jan. 28, 2013 /PRNewswire/ -- SolarReserve, a U.S. developer of large-scale solar power projects, received unanimous approval from the California Public Utilities Commission (CPUC) to sell power from its 150-megawatt solar project under an amended 25-year power purchase agreement (PPA) with Pacific Gas and Electric (PG&E). The Rice Solar Energy ...

Jan. 28, 2013

By SolarReserve, LLC.

SEPA Report: The Next Generation of Demand Response

Based on data collected from 190 utilities, representing 64% of total U.S. customer accounts, the Smart Electric Power Alliance (SEPA) found that utilities enrolled 20.8 GW of demand response (DR) capacity, and dispatched 12.3 GW of DR capacity (59.2% of enrolled capacity) in 2018. The commercial and industrial (C&I) segment contributed over half of total reported DR capacity, 13.3GW.The 2019 ...

Oct. 3, 2019

By Smart Grid Observer

Hydrogenics and Enbridge to Develop Utility Scale Energy Storage

Hydrogenics Corporation, a leading developer and manufacturer of hydrogen generation and fuel cell products, has entered into an agreement with Enbridge Inc. to jointly develop utility scale energy storage in North America. This relationship also includes an equity investment of CA$5.0 million in Hydrogenics. The collaboration will bring together Hydrogenics' expertise in water electrolysis with ...

Apr. 20, 2012

By GLOBE SERIES

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

By Navigant Consulting, Inc. (NCI)

10 Countries Are Expected to Account for Approximately 80% of the Annual Market for Utility-Scale Energy Storage

A new report from Navigant Research provides forecasts for utility-scale energy storage systems (ESSs) deployed globally in terms of power capacity (MW), energy capacity (MWh), and revenue generated from the development of new projects in 26 countries worldwide.With the emergence of new markets and applications, 2018 represented the largest year on record for new ESS capacity. Despite this ...

Sep. 3, 2019

By Smart Grid Observer

ViZn Energy Systems and Raychem RPG Team Up to Deliver Energy Storage in India

ViZn Energy Systems (ViZn) has been awarded a 1MWh utility energy storage contract to ensure electrical grid stability in India. ViZn's systems will be installed and integrated by Raychem RPG at Power Grid Corporation of India Limited (PGCIL) facilities in Puducherry, India. The country of India is projected by Mercom Capital Group to install over 9 GW of new solar capacity in 2017, which will ...

Mar. 28, 2017

By Smart Grid Observer

Advanced Batteries for Utility-Scale Energy Storage Applications

Reportlinker.com announces that a new market research report is available in its catalogue: Advanced Batteries for Utility-Scale Energy Storage Applications http://www.reportlinker.com/p0943837/Advanced-Batteries-for-Utility-Scale-Energy-Storage-Applications.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Battery Over the next 10 years, the global power sector will undergo ...

Aug. 6, 2012

By ReportLinker

U.S. energy storage market to exceed $5 billion in 2014

The U.S. energy storage market totaled $3.06 billion in 2011 and is expected to exceed $5 billion in 2014, according to new estimates released by Climate Change Business Journal (CCBJ). A proprietary survey conducted by CCBJ and the Electricity Storage Assn. (ESA) in October 2011 revealed that the utility energy storage market is expected to contribute sales of $220 million to this ...

Dec. 15, 2011

By GLOBE SERIES

Nuvation Energy CEO Interviews About BMS and Lead Batteries

Michael Worry, CEO of Nuvation Energy, was interviewed by Dr. Alistair Davidson, Director of the Consortium for Battery Innovation, at the Energy Storage Association annual conference in Phoenix on April 17, 2019. Michael Worry discussed how using a Nuvation Energy battery management system optimizes the performance of lead batteries. Read the full interview here. Nuvation Energy's BMS has been ...

Apr. 29, 2019

By Nuvation Energy

New York PSC mandates grid-scale storage projects for investor-owned utilities

With the mass proliferation of energy storage capacity, New York regulators have mandated investor-owned utilities deploy energy storage systems by the 2018. The state Public Service Commission (PSC) issued an order last week requiring each individual utility to have energy storage projects “deployed and operating at no fewer than two separate distribution substations or feeders.” ...

Mar. 15, 2017

By Electric Utility Consultants, Inc. (EUCI)

SEPA's Energy Storage Snapshot Highlights Opportunities in Nascent Storage Market

The Smart Electric Power Alliance (SEPA) has announced the release of the 2018 Utility Energy Storage Market Snapshot, the second annual overview of the energy storage market.Now in its second year, the Energy Storage Market Snapshot relies on data and survey responses submitted directly by U.S. utilities. The 137 utilities that submitted data for SEPA's survey represent more than 82 million ...

Aug. 30, 2018

By Smart Grid Observer

New Video Shows Cities and Towns How Energy Storage Can Protect Critical Facilities During Extreme Storms while Saving Money

A new video showcasing the Sterling Municipal Light Department's award-winning energy storage system highlights the municipal utility's energy storage microgrid, which is bringing both economic and resiliency benefits to the town of Sterling, Massachusetts. The energy storage project is the result of a collaboration among municipal, state, federal, industry, philanthropy, and nonprofit partners. ...

Sep. 13, 2017

By Smart Grid Observer

CIT Leads $140 Million Financing for Utility-Scale Energy Storage Portfolio

CIT Group Inc. recently (2/24) announced that its Power and Energy business served as lead arranger for a $140 million financing for esVolta, a leading developer of utility-scale energy storage systems for renewable energy projects. The portfolio consists of more than 136 megawatts of energy storage units supporting eight energy projects in California. esVolta has long-term revenue contracts for ...

Feb. 25, 2020

By Smart Grid Observer

NREL Analysis Identifies Where Commercial Customers Might Benefit from Battery Energy Storage

Commercial electricity customers who are subject to high demand charges may be able to reduce overall costs by using battery energy storage to manage demand, according to research by the U.S. Department of Energy's National Renewable Energy Laboratory (NREL). The analysis represents the first publicly available survey of commercial-sector demand charges across the United States. By determining ...

Aug. 25, 2017

By Smart Grid Observer

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