utility-scale energy storage News

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

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

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

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)

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)

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

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

In Utility Scale Energy Storage, Pumped Hydro Storage and CAES Lead the Way: SBI Bulletin

As the most widely implemented power-sector energy storage technology worldwide, pumped hydro storage (PHS) offers the largest amount of GW/hour. According to a recent SBI Bulletin, compressed air energy storage (CAES) closely follows as a massive generator of electricity. "SBI Bulletin: Utility Scale Energy Storage Technologies" provides insight into major energy storage technologies that are ...

Aug. 22, 2012

By SBI Reports

California Legislature and Governor Enact Four Bills that Accelerate Energy Storage Markets

September 28, 2016 -- The California State Legislature and Governor recently signed into law four important new bills that directly impact energy storage. Collectively, these bills are intended to grow the behind-the-meter and utility-scale energy storage markets, create new clean energy jobs, reduce distributed energy resource interconnection challenges, and ensure that bulk energy storage is ...

Sep. 28, 2016

By Smart Grid Observer

Wärtsilä to Supply and Maintain Two Major Interconnected Energy Storage Systems for Texas Grid Services

The technology group Wärtsilä will supply its advanced energy storage technology for two major projects in southern Texas, USA. The interconnected stand-alone systems will have a combined rated capacity of 200 MW. Wärtsilä has also signed ten-year guaranteed asset performance agreements for the installations. The order was placed by Able Grid Energy Solutions, a utility-scale ...

Mar. 16, 2021

By Smart Grid Observer

NEC Energy Solutions Commissions 50 MW of Energy Storage Projects in UK

NEC Energy Solutions (NEC ES), a wholly-owned subsidiary of NEC Corporation, announced recently (1/8) it has completed the commissioning of a total of 50 MW of energy storage projects in the UK with VLC Energy, a joint venture between Low Carbon, a renewable energy investment company, and VPI Immingham, owner of one of the largest combined heat and power plants in Europe and part of the Vitol ...

Jan. 11, 2018

By Smart Grid Observer

Advanced Microgrid Solutions Signs 500 MWh Energy Storage Deal with Tesla

Advanced Microgrid Solutions (AMS) has announced that the company has selected Tesla as the primary technology provider for its groundbreaking utility-scale energy storage projects. Under the agreement, AMS will install up to 500-megawatt hours (MWh) of Tesla batteries in its energy storage projects. AMS has also signed a master agreement with global firm Black & Veatch for engineering and ...

Jun. 5, 2015

By HOMER Energy LLC

Everflow JV to manufacture Vanadium Redox Flow Batteries (VRFB) in KSA

Nusaned Investment and SCHMID Group have closed the JV transaction in Saudi Arabia focusing on manufacturing and technology development in the field of Vanadium Redox Flow Batteries (VRFB). Nusaned Investment (an investment company owned by SABIC) and SCHMID Group announced today that they have successfully closed their JV transaction focusing on manufacturing and technology development in the ...

May 6, 2020

By Schmid Group

Eaton Showcases Solutions and Expertise for Power System Reliability, Efficiency and Safety at 2014 Energy Storage Association Conference

Power management company Eaton today announced it is showcasing products and services designed to enhance power system reliability, efficiency and safety at the Energy Storage Association (ESA) 24th Annual Conference, from June 4-6 at the Wardman Park Marriott Hotel in Washington, DC. Visitors to Eaton booth #706 will have the opportunity to learn about Eaton’s energy storage solutions and ...

Jun. 4, 2014

By Eaton Corporation

Vistra Brings World's Largest Utility-Scale Battery Energy Storage System Online

Vistra this week (Jan 6) announced that its Moss Landing Energy Storage Facility connected to the power grid and began operating on Dec. 11, 2020. At 300 megawatts/1,200 megawatt-hours, the lithium-ion battery storage system, located on-site at Vistra's Moss Landing Power Plant in Monterey County, California, will be the largest of its kind in the world. Furthermore, construction is already ...

Jan. 7, 2021

By Smart Grid Observer

Newly emerging energy storage markets in the US

Plan to attend The Energy Storage Update USA 2016 Conference, June 15-16 On June 15-16 2016, hundreds of industry leaders in the energy storage industry will gather in San Diego for the Energy Storage Update USA Conference & Exhibition 2016. Energy Storage Update USA 2016 will bring together key utilities, technology providers, Government energy officials and many more to help drive down ...

Apr. 8, 2016

By New Energy Update

ENGIE NA Unveils Largest Energy Storage System in Massachusetts in Cooperation with Holyoke Gas & Electric

ENGIE North America and Holyoke Gas & Electric (HG&E) recently (9/25) unveiled Massachusetts' largest utility-scale energy storage system at a ceremony at the Mt. Tom Solar Farm in Holyoke, Massachusetts. ENGIE Storage Services (formerly Green Charge) will operate the three-megawatt GridSynergy system, which will be fully integrated into the largest community solar farm in the state at a ...

Sep. 26, 2018

By Smart Grid Observer

Duke Energy Plans North Carolina's Largest Battery Storage Projects as Part of Western Carolinas Modernization Plan

Duke Energy recently (9/21) announced plans to install North Carolina's two largest battery energy storage systems - a $30 million investment as part of the company's Western Carolinas Modernization Plan. For months, Duke Energy has been working on future energy needs in the region with stakeholders, including members of the Energy Innovation Task Force (EITF). The EITF is an ongoing ...

Sep. 22, 2017

By Smart Grid Observer

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