Energy Storage: Page 2
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Permission granted by BGE
Sponsored by Hitachi EnergyHelping keep the heat on in rural Maryland
Case study: BGE advanced clean energy goals and met state requirements with battery energy storage.
July 29, 2024 -
Courtesy of Enphase Energy
Enphase Energy revenue drops 57% but California net metering rules spur battery sales
The revenue decrease was due to a “broad-based slowdown” in the U.S. and Europe caused by higher interest rates, policy changes and other factors, the company said.
By Brian Martucci • July 25, 2024 -
Courtesy of Nostromo Energy
OpinionEnergy storage systems lower costs for building operators, even as average electricity prices rise
The return on investment for installing thermal energy storage systems is moving closer to between three and five years, with buildings joining programs like demand response, Nostromo Energy’s CEO says.
By Yoram Ashery • July 24, 2024 -
Petmal via Getty Images
Energy storage industry sees 117% increase in corporate funding in H1 2024: Mercom
Storage deal volume reached $15.4 billion in the six months ending June 30, but funding for smart grid companies dropped 11% from the year-earlier period to $1.8 billion, Mercom Capital Group said.
By Brian Martucci • July 23, 2024 -
Anna Rose Layden via Getty Images
Bipartisan energy permitting bill ups FERC transmission siting authority, requires interregional planning
The Senate bill released Monday could guide the framework for action on permitting reform, which may not come until next year, according to observers.
By Ethan Howland • July 23, 2024 -
narvikk via Getty Images
Deep DiveInnovative solutions emerge to reduce 2.5-TW US clean energy interconnection backlog
California’s project scoring criteria, the Texas connect and manage option and SPP’s work to link system planning with the interconnection process across its multistate region could speed the clean energy expansion.
By Herman K. Trabish • July 22, 2024 -
Permission granted by Intersect Power
Intersect Power secures $837 million to boost Texas storage portfolio by nearly 1 GWh
The package will finance three 320-MWh storage facilities set to complement 1.2 GW of Intersect Power-owned peak solar capacity later this year.
By Brian Martucci • July 18, 2024 -
Adeline Kon/Utility Dive
IRA could make US-made lithium-ion battery systems competitive with Chinese alternatives: reports
IRA incentives are shifting planned production capacity from Europe to North America as global demand for batteries grows by an expected 21% annually through 2028, according to two new reports from Clean Energy Associates.
By Brian Martucci • July 16, 2024 -
Jose Jimenez/Getty Images via Getty Images
DOE to deploy over 3,000 solar + storage home systems in 2024 for most vulnerable Puerto Ricans
DOE’s Solar Access Program could incentivize installation of up to 30,000 home energy systems for low-income households facing frequent power outages and other challenges.
By Robert Walton • July 16, 2024 -
Courtesy of Entek
Entek receives $1.2B DOE conditional loan for Indiana battery separator facility
The loan covers most of the costs to build the facility in Terre Haute, Indiana, which is expected to boost the domestic lithium-ion battery cell supply chain.
By Joelle Anselmo • July 10, 2024 -
Yujin Kim/Utility Dive
Q&AHydrostor’s longer-duration storage tech is ‘bankable’ today but ‘not every market is ready’: CEO
“In the next two to five years, I have a tough time envisioning a major market that won’t be in dire straits without long-duration storage,” Curtis VanWalleghem said.
By Brian Martucci • July 9, 2024 -
Mario Tama via Getty Images
Global solar and wind capacity will more than triple to 8 TW by 2033: Wood Mackenzie
Global energy storage will grow by 636% to add nearly 2,789 GWh of capacity over the next decade, according to WoodMac's latest global market outlook.
By Diana DiGangi • July 9, 2024 -
Courtesy of Tesla
Tesla Energy deploys company record 9.4 GWh of storage in Q2 2024
The results come as Tesla ramps up production at a 40-GWh Megapack factory in California and begins construction on a similarly-sized facility in China.
By Brian Martucci • July 9, 2024 -
Soonthorn/stock.adobe.com
Sponsored by Energy ExemplarThe imperative of integrated system planning
Integrated system planning can help transform complexity to achieve a reliable, resilient and decarbonized grid.
July 8, 2024 -
PhonlamaiPhoto via Getty Images
Clean energy group releases safety-focused model ordinance for energy storage facilities
The “first of its kind policy” incorporates fire safety best practices into guidance for permitting authorities, an American Clean Power Association official said.
By Brian Martucci • July 2, 2024 -
Courtesy of LG Energy Solution
LG pauses construction on part of $5.5B Arizona battery plant
The firm said it's adjusting the pace of its investments but remains confident the facility will play an important role in its operations.
By Sebastian Obando • July 2, 2024 -
pidjoe via Getty Images
Higher renewables costs, uncertainty show need for diverse energy resources: Lazard report
Lazard’s Levelized Cost of Energy+ report showed tailwinds for energy storage but a notable increase in costs for new-build renewables since 2021.
By Brian Martucci • June 28, 2024 -
Courtesy of Salt River Project
SRP seeks non-lithium, 10-hour energy storage solutions to meet rising power demand
Salt River Project says it needs to double or triple the resource capacity on its system by 2035, including through long-duration energy storage.
By Robert Walton • June 27, 2024 -
The Bold Bureau via Getty Images
DOE provides $63.5M for ‘transformative’ energy solutions, including new storage technology
The funding includes $20 million for Ion Storage Systems in Beltsville, Maryland, to expand its manufacturing of solid-state lithium-metal batteries for the electric vehicle market.
By Robert Walton • June 26, 2024 -
Adeline Kon/Utility Dive
New York PSC adopts energy storage road map detailing path to 6 GW by 2030
The PSC order targets 3 GW of new utility-scale storage, 1.5 GW of new retail storage and 200 MW of new residential storage in addition to the 1.3 GW of storage assets already deployed in the state.
By Brian Martucci • June 25, 2024 -
Courtesy of Holy Cross Energy
US energy storage installations set Q1 record with 84% jump: WoodMac/ACP
Utility-scale installations more than doubled from Q1 2023 while residential installations increased by 48%, driven by California’s NEM 3.0 net billing tariff.
By Brian Martucci • June 25, 2024 -
Clean energy, environmental groups urge FERC to reject PJM grid interconnection plan
PJM’s proposal to largely retain its existing interconnection process without changes fails to meet key requirements of FERC Order 2023, according to trade groups and others.
By Ethan Howland • June 24, 2024 -
Courtesy of Redflow
California agency awards $26.7M for long-duration energy storage projects
The California Energy Commission approved grants for long-duration storage projects to be built by Redflow, RedoxBlox and Noon Energy.
By Ethan Howland • June 18, 2024 -
David Henderson via Getty Images
New York offers $5M for long-duration storage; Central Hudson issues 10-MW storage RFP
The developments highlight New York’s push to facilitate up to 6 GW of energy storage capacity by 2030.
By Brian Martucci • June 17, 2024 -
schwartstock via Getty Images
CAISO board approves ‘transformational’ grid interconnection reforms
The reforms aim to advance projects that are most likely to succeed, in part by prioritizing projects targeting areas in California with available transmission capacity.
By Ethan Howland • June 14, 2024
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