Showing results for: utility-scale energy storage system News
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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 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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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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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 ...
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Wärtsilä and Eolian Complete the Largest Merchant Battery System in the World at 200 MW
The technology group Wärtsilä has reached commercial operation date (COD) for two major interconnected energy storage systems in South Texas totaling 200 MW and owned by Eolian L.P. (Eolian), a portfolio company of Global Infrastructure Partners. The Madero and Ignacio energy storage plants will be operated using Eolian software, enabling full participation in the Electric Reliability Council of ...
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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 ...
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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 ...
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RWE Connects its First Utility-Scale Battery Storage Project to the California Grid
RWE continues to expand its renewables portfolio in the U.S., connecting its first utility-scale battery energy storage system (BESS) to the California Independent System Operator. The project, Fifth Standard, also includes a 150-megawatt (MWac) solar PV facility, expected to be complete in August. The BESS facility, at 137-MW (ac) and located in Fresno County, Calif., is the company's largest to ...
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NERC Report Highlights Major Contribution to Reliability Offered by Battery Storage
NERC's Impacts of Electrochemical Utility-Scale Battery Energy Storage Systems on the Bulk Power System report was released this week. The assessment emphasizes some of the potential reliability benefits that battery energy storage systems can offer, such as providing peaking capacity; minimizing the need for new generation and transmission infrastructure; and providing essential reliability ...
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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 ...
By Schmid Group
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Eaton to Showcase Expanded Range of Power Management Solutions for Solar and Energy Storage Systems at Intersolar North America 2015 Booth #8221
Power management company Eaton will showcase an expanded range of electrical balance of system (BOS) solutions for utility, commercial, and OEM solar customers at Intersolar North America 2015, from July 14 through 16, in booth #8221, at the Moscone Center in San Francisco, California. Eaton will also deliver a presentation on deploying utility-scale solar and energy storage systems at the event, ...
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Use of Regional Interconnections Crucial for Successful Integration of Renewable Energy into the Grid
Integrating the growing share of renewable energy (RE) into the power grid is becoming a key challenge owing to its stochastic nature. One of the most efficient ways around this situation is to establish well-managed interconnections that allow surplus RE power to be transferred to other countries. Denmark's success dealing with RE through existing transmission interconnections with Germany, ...
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Siemens and AES Join Forces to Create Fluence, a New Global Energy Storage Technology Company
Siemens AG and The AES Corporation announced recently their agreement to form a new global energy storage technology and services company under the name Fluence. The joint venture will bring together AES' ten years of industry-defining experience deploying energy storage in seven countries with Siemens' energy technology leadership and its global sales presence in more than 160 countries. ...
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NextEra Energy Resources, Salt River Project Unveil Integrated Solar and Battery Plant
NextEra Energy Resources and Salt River Project today announced the opening of Pinal Central Solar Energy Center (PCSEC), a universal-scale, integrated solar plant equipped with a battery system that will store energy and enable SRP to provide clean energy to customers when usage is at its highest and needed most. The 20MW solar photovoltaic generation facility, which is Arizona's largest ...
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Eaton Addresses World’s Most Critical Energy Challenges at 2014 World Energy Engineering Congress on Oct. 1
Power management company Eaton, in collaboration with the Association of Energy Engineers (AEE), is providing educational presentations and moderated panels focused on addressing the planet’s most critical energy challenges on Oct.1, at the 2014 World Energy Engineering Congress (WEEC) in Washington, D.C. Eaton is the host sponsor of the event, which takes place at the Washington Convention ...
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New Reports From NREL Document Continuing PV and PV-Plus-Storage Cost Declines
The National Renewable Energy Laboratory (NREL) has released its annual cost breakdown of installed solar photovoltaic (PV) and battery storage systems. U.S. Solar Photovoltaic System and Energy Storage Cost Benchmark: Q1 2021 details installed costs for PV systems as of the first quarter of 2021.Costs continue to fall for residential, commercial rooftop, and utility-scale PV systems—by 3%, 11%, ...
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