utility energy storage News
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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 ...
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Report: U.S. Energy Sector Reaches Turning Point on Transmission
The stars may finally be aligning to enable the build out of significant new transmission capacity in the U.S. energy market, according to the latest industry insight report from law firm Troutman Pepper. The report, Unlocking U.S. Transmission Upgrades – Are We on The Cusp of Real Progress?, reflects upon the views of a range of market actors seeking to plan, build or benefit from new ...
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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 ...
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ENTSO-E Publishes an Updated Frequency Stability Analysis in Long-Term Scenarios
Building on the conclusions of the 2021 report "Long term scenarios and frequency stability", ENTSO-E is now working on a follow-up project named "Project Inertia phase II". The activity provides a more in-depth analysis of the impact of system splits on the future "low inertia" configuration of the Continental Europe (CE) Synchronous Area (SA). The Project has updated and improved the existing ...
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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, ...
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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 ...
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New Research: Improved Wind Speed Forecasts Can Help Urban Power Generation
Wind-generated electricity will play a vital role in global energy capacity as humanity pivots away from fossil fuels towards renewables. Wind speed is a key parameter in estimating wind energy potentials in a location. But predicting wind speed is a difficult task. That presents a challenge for utilities that need to rely on reliable estimates to power their grids. Several models already predict ...
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Largest energy storage project in Virginia now online in Dominion Energy territory
The Dry Bridge Energy Storage project in Chesterfield County, Virginia, is now fully operational and providing key power services to Dominion Energy customers. Development firm East Point Energy sold the project to Dominion Energy Virginia in September 2021, prior to the company’s acquisition by Equinor. At 20 MW/80 MWh, Dry Bridge is the largest battery energy storage project in Virginia. ...
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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 ...
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New Report for State Utility Regulators Addresses Current Resource Adequacy Practices and Reforms
The National Association of Regulatory Utility Commissioners this week (Nov 13) released a new report, Resource Adequacy for State Utility Regulators: Current Practices and Emerging Reforms. The paper documents current practices and captures the evolving role of state utility regulators in maintaining reliability amid the energy transition. The report also describes reforms currently underway ...
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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 ...
By ReportLinker
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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.” ...
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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 ...
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World Agrees to Transition Away from Fossil Fuels and Reduce Global Emissions by 43% by 2030
At the end of the 28th UN Climate Change Conference (COP28), the European Union and world leaders recommitted to delivering the Paris Agreement goals and limiting the global average temperature increase to 1.5 Celsius. They agreed to accelerate emission reductions towards net zero by 2050, with urgent action in this critical decade. This includes transitioning away from fossil fuels and reducing ...
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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 ...
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EIA Expects Combined U.S. Solar and Wind Generation to Surpass Coal-Fired Generation in 2024
The U.S. Energy Information Administration (EIA) expects, for the first year on record, combined electricity generation from wind and solar to surpass generation from coal in 2024. EIA expects solar generation in 2024 to increase 39% (228 kilowatthours) from 2023, driven by continued increases in solar capacity. "Renewables, particularly solar photovoltaics, are growing rapidly and making large ...
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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 ...
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SEPA Report: Demand Response Not Just for Grid Emergencies Any More
While the energy industry seems focused on energy storage as a critical solution to many of the challenges of integrating renewables on the grid, a new report from the Smart Electric Power Alliance (SEPA) documents the growth of demand response (DR) as an increasingly valuable and flexible resource.Based on data gathered directly from 155 utilities across the country, SEPA's 2018 Utility Demand ...
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U.S. and U.K. Form Strategic Partnership on Fusion Energy
The U.S. Department of Energy and the Department for Energy Security and Net Zero of the United Kingdom of Great Britain and Northern Ireland (DESNZ) have today decided to form a major new strategic partnership to accelerate the demonstration and commercialization of fusion energy. This new partnership intends to focus on advancing the U.S. Bold Decadal Vision for Commercial Fusion Energy and the ...
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SEPA, ESA Explore Utility Business Models for Energy Storage
Grid-connected storage can provide value as a resource to support renewable integration, provide grid services, and deliver customer benefits. A new report from the Smart Electric Power Alliance (SEPA) and the Energy Storage Association (ESA) summarizes the key factors that influence utility business models for energy storage and provides four case studies highlighting projects employing creative ...
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