Showing results for: utility-scale energy storage News
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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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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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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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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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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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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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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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MPC Energy Solutions and Leclanché Form Strategic Collaboration for Utility-Scale Energy Storage
MPC Energy Solutions (MPCES) has partnered with Leclanché one of the world's leading energy storage companies, to build the previously announced 35.7 MWp solar photovoltaic and 18.2 MW battery energy storage system (BESS) project designed with Leclanché Energy Management Software (L-EMS) in St. Kitts' Basseterre Valley, next to the capital city of Basseterre. The project requires ...
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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 ...
By SBI Reports
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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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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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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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New York's First State-Owned Utility-Scale Energy Storage System Now Operating in North County
Governor Kathy Hochul this week (Aug 25) announced that New York's first state-owned utility-scale battery energy storage project is now operating in the North Country's Franklin County. The 20-megawatt facility installed and operated by the New York Power Authority connects into the state's electric grid, helping to relieve transmission congestion and pave the way for the utility industry and ...
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AutoGrid and Puget Sound Energy Combat Climate Change with Virtual Power Plants
AutoGrid, a leader in harnessing distributed energy resources for flexible capacity, this week (Nov 13) announced an expanded partnership with Puget Sound Energy (PSE), Washington state's largest utility, on a virtual power plant (VPP) solution built on the AutoGrid Flex platform. PSE and AutoGrid began working together on a VPP in 2021 to provide a centralized application for enrolling, ...
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AI 'Will Have a Significant Impact on Energy Industry,' EPRI Tells Congress
Artificial intelligence (AI) provides a powerful tool for energy companies to deliver an affordable, reliable clean energy transformation. This week (Oct 19) before a U.S. House Energy and Commerce Subcommittee, EPRI Senior Technical Executive Jeremy Renshaw testified that parties need to collectively work on addressing today's AI challenges and tomorrow's opportunities. For more than a decade, ...
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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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Unlocking Capacity on Existing Transmission Lines
On behalf of the Australian Government, the Australian Renewable Energy Agency (ARENA) has this week announced $732,493 to Infravision Pty Ltd to develop, test and trial their ‘Next Generation Line Monitoring System’ to optimise grid performance delivering faster, safer and more cost-efficient drone-enabled line enhancements to existing electrical infrastructure. This innovation ...
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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 ...
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CPower Commends Missouri Public Service Commission for Expanding Access to Virtual Power Plants
CPower Energy, a national Distributed Energy Resource (DER) monetization and Virtual Power Plant (VPP) provider, this week (Oct 16) announced its support of the Missouri Public Service Commission's decision to spur the development of VPPs in Missouri. The Commission's Order allows commercial and industrial customers across all of Missouri's investor-owned utilities to work with VPP providers to ...
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