Energy Storage News

Updated: 36 min 59 sec ago
  • April 11, 2019 - 21:00

    Feinstein, Heinrich, Gardner Introduce Bill To Establish Investment Tax Credit For Energy Storage

    Senators Dianne Feinstein (D-Calif.), Martin Heinrich (D-N.M.) and Cory Gardner (R-Colo.) introduced the bipartisan Energy Storage Tax Incentive and Deployment Act of 2019 to establish an investment tax credit (ITC) for business and home use of energy storage. The proposed tax incentives are modeled on the current ITCs for solar energy and apply to either large, grid-connected energy storage systems or to smaller battery systems for residential power.

  • April 11, 2019 - 14:57

    Vattenfall Explores if New Energy Storage Is Worth its Salt

    Swedish utility Vattenfall will test a new salt-based energy storage system for storing wind and solar generated electricity, as part of a 10MWh pilot project at its Reuter thermal power plant in Berlin, Germany. The ‘salt battery’ technology, developed by specialist outfit SaltX, has been shown in experiments to have ten-fold the capacity to storage energy than water using nano-coated salt – and can be charged several thousand times with the energy stored “for weeks or months without losses”.

  • April 11, 2019 - 10:46

    Midwest Co-ops Test Value of Placing Batteries in Customers' Homes

    Four Midwestern rural electric cooperatives are installing smart batteries in the homes of a few customers to test whether they can economically reduce peak demand or provide other benefits to customers or their systems. The co-ops came together through a professional association and pooled their purchasing power to buy the batteries, which have built-in management systems that allow them to, for example, monitor energy use.

  • April 10, 2019 - 14:33

    Global Energy Storage to Hit 158 Gigawatt-Hours by 2024, Led by US and China

    For the energy storage industry, the past five years have been something of a stage rehearsal for a market explosion to come, led by the U.S. and China, but expanding to cover markets across the globe. That’s the picture painted by Wood Mackenzie Power & Renewable’s latest report, which projects that energy storage deployments will grow thirteenfold over the next six years, from a 12 gigawatt-hour market in 2018 to a 158 gigawatt-hour market in 2024. That equates to $71 billion in investment into storage systems excluding pumped hydro, with $14 billion of that coming in 2024 alone.

  • April 10, 2019 - 04:51

    Powin Supplies 10MW Battery in Texas

    US energy storage company Powin is supplying a 10MW / 10 MWh system to GlidePath Power for a project in Texas. The distributed battery system will be constructed this year in the service territory of grid operator Electric Reliability Council of Texas (ERCOT).

  • April 9, 2019 - 16:49

    'Obvious Benefits' of ITC for Energy Storage Could Even Meet Trump's Energy Resiliency Aims

    A push to establish an Investment Tax Credit for energy storage has not only been welcomed by clean energy advocates and the industry, but might also meet the some stated aims of the Trump administration’s energy policies, an analyst has said. Michael Doyle, a Democrat, has proposed in the US House of Representatives the bill HR2096, an amendment to the tax code to issue credits “for energy storage technologies and other purposes”.

  • April 9, 2019 - 16:45

    T&D Asset Operators Look to Critical Energy Storage

    Upgrading and deferring existing wires and substations may be the most common application of battery storage utilized for transmission and distribution. However, batteries also provide a range of solutions designed to maximize the lifetime of T&D infrastructure. Also referred to as T&D asset optimization, these energy storage systems are designed to enhance the efficiency and effectiveness of existing T&D assets to provide electricity in a given service territory. Ensuring that these systems are reliable is critical to the effective operation of electricity throughout a given service territory.

  • April 9, 2019 - 12:22

    Con Ed's New Commercial Storage Demo Puts the Utility in the Driver's Seat

    New York utility Con Edison is testing a commercial business model where it calls the shots and the customer simply hosts the battery. This model simplifies the commercial energy storage sales process by pitching a lease for space in areas where the utility needs help, rather than the typical bill management use case, where batteries lower the power bill by predicting and neutralizing a customer's demand spikes.

  • April 9, 2019 - 11:45

    Storage to 'Become Necessary' in the Next Five Years

    The US and China will dominate the roll-out of storage capacity to 2024, as the sector is expected to grow 13-fold by 2024, according to the latest research by Wood Mackenzie Power and Renewables. Between 2013 and 2018, roughly 7GW/12GWh of energy storage was deployed globally, with a compound annual growth rate of 74%, according to WMPR. However roughly half of this total was installed last year alone, WMPR added, indicating the start of a rapid growth in demand for storage applications. Much of the outlook is centered in the US and China.

  • April 8, 2019 - 15:40

    Energy Associations Applaud Legislation to Create Investment Tax Credit for Energy Storage Systems

    The Energy Storage Association (ESA), the Solar Energy Industries Association (SEIA), the American Wind Energy Association (AWEA) recently released statements applauding legislation that would make energy storage systems eligible for an investment tax credit (ITC). Rep. Mike Doyle (D-PA) introduced the legislation, the Energy Storage Tax Incentive and Deployment Act, last week.