Showing results for: utility-scale energy storage News
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NERC Submits Comprehensive Work Plan Addressing FERC Order 901 Directives
NERC has submitted a comprehensive Standards Development Work Plan in support of NERC’s 2024 work plan priorities around inverter-based resource reliability risks and to address directives from FERC Order 901. The work plan explains how NERC will prioritize the development of projects consistent with the timelines specified in the order, with full implementation of the resulting standards by ...
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PJM Publishes 2024 Long-Term Load Forecast
PJM has released its new long-term load forecast, and it predicts estimated electricity demand growth of 1.7% per year for summer peaks, 2% for winter peaks, and 2.4% for net energy over a 10-year planning horizon starting in 2024. The PJM footprint has about 500,000 light-duty EVs in 2024, and S&P Global is forecasting about 23 million light-duty EVs by 2039, a growth rate of just under 30% ...
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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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Technavio Report: Global Smart Grid Market to Reach $173 Billion by 2030
According to a new report (January 2024) from Technavio, the global market for smart grid technologies estimated at $49.8 billion in 2022, is projected to reach a revised size of $173 billion by 2030, growing at a CAGR of 16.8% over the analysis period 2022-2030. Software, one of the segments analyzed in the report, is projected to record 18.4% CAGR and reach $80 billion by the end of the ...
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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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SPP Seeks Industry Experts to Assess Competitive Transmission Project Proposals
Southwest Power Pool, Inc. (SPP) is accepting applications to create a pool of industry experts. These experts may be chosen to serve on an independent panel to review competitive transmission construction proposals in 2024. In response to the Federal Energy Regulatory Commission’s Order 1000, SPP annually forms a pool of individuals used to create a panel of industry experts. This panel will ...
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Southern Company Ranks First Among Utilities in Fortune's Most Admired Companies for 2024
Southern Company ranks as the No. 1 most-admired electric and gas utility worldwide according to Fortune magazine's World's Most Admired Companies list for 2024. A ranking of the world's most respected and reputable companies, the list is based on a survey of more than 3,700 executives, directors and financial analysts. "It is an honor to be named the most-admired electric and gas utility by ...
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NuEnergen, OBM Foreman to Automate Energy Curtailment for the Southwest Power Pool
Demand response services provider and energy management consultant NuEnergen announced this week a partnership to bring automated demand response to users of the Southwest Power Pool (SPP) through a collaboration with OBM Foreman, an industry leading miner management and curtailment software provider. This integration allows for rapid response to grid constraints by adjusting crypto mining ...
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University of Waterloo: Research on Using Idle Trucks to Power the Grid with Clean Energy
University of Waterloo researchers are tapping into idled electric vehicles to act as mobile generators and help power overworked and aging electricity grids. The research proposes paying drivers of fuel cell powered trucks to rest during rush hour and while resting, to plug into a hydrogen refueling station or pipeline and use their trucks’ idle fuel cells as generators to provide electricity to ...
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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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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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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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NREL Releases Beginner’s Guide to Understanding Power System Model Results for Long-Term Planning
The Beginner’s Guide to Understanding Power System Model Results for Long-Term Resource Plans is designed to improve decision-making in the electricity planning process by strengthening dialogue between system planners and relevant stakeholders. It focuses on interpreting scenario results generated by power system planning models. These results are often used to inform integrated resource plans, ...
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ERCOT Provides New Look at Battery Storage Production on the Grid
As part of continued efforts to increase transparency into grid operations, ERCOT recently (Dec 7) announced the new Energy Storage Resources (ESR) dashboard and Integration Report that provides Texans with a view of charging and discharging battery production on the grid. “Energy Storage Resources (batteries) are connecting to the grid at an incredible rate and becoming a significant part of our ...
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Public Service Company of Oklahoma Seeks New Generation Resources
Public Service Company of Oklahoma (PSO) has issued a Request for Proposals (RFP) seeking additional generation resources. The RFP seeks up to 1,500 megawatts of additional power generating capacity to be in service no later than December 15, 2028. The RFP includes all sources, such as natural gas, wind, solar and energy storage proposals. PSO is open to acquiring energy through a variety of ...
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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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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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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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