Energy Storage News

Updated: 52 min 36 sec ago
  • February 17, 2017 - 17:14

    Tesla & Lg Chem Set To Dominate Massive US Battery Storage Market

    The US firm Tesla and South Korea’s LG Chem are tipped to dominate the US battery storage market, which is expected to be worth as much as $US50 billion by 2020. Analysts at investment bank Morgan Stanley suggest Tesla and LG Chem are best positioned to take big market shares in a market that it predicts will grow faster than most others expect. Morgan Stanley says the “addressable” battery storage market in the US is 85GWh, or around $US30 billion. But if regulators come on board and allow it to compete in deregulated power markets, then that forecast is nearly doubled to 140GWh or more than $US50 billion.

  • February 17, 2017 - 01:54

    Panasonic, Younicos, & Xcel Energy Form Denver Public/Private Microgrid Partnership

    Spurred by state mandated renewable energy goals, Panasonic, Xcel Energy, and Younicos have formed a public/private partnership with the city and county to promote a microgrid centered around the Peña Station NEXT, a 382-acre transportation hub located near Denver International Airport. The Xcel Energy feeder for Peña Station NEXT already has 20% solar penetration and is expected to have 30% solar penetration by the time the microgrid project is completed in the first half of 2017.

  • February 16, 2017 - 14:18

    Natural Gas Power Plant: Minnesota Senate says yes to Becker Power Plant

    ST. PAUL, Minn. (AP) — The Minnesota Legislature is moving to side-step utility regulators by approving a new Xcel Energy power plant in central Minnesota. The natural gas-fired plant in Becker will help offset losses from two coal-fired generators set to close in 2023 and 2026. The Minnesota Public Utilities Commission sidelined Xcel's proposal in October because it wanted the utility company to study renewable energy options for the new plant. Minnesota's Senate passed the bill Thursday. Sen. Andrew Mathews of Milaca says the plant will solve long-standing power concerns in his community. Democratic lawmakers pushed back against the bill, saying Xcel energy will pass costs onto ratepayers in their communities.

  • February 16, 2017 - 14:11

    Energy Storage Comes to Washington: 3rd Annual Energy Storage Policy Forum | Energy Storage Association

    On Wednesday, ESA hosted our 3rd Annual Energy Storage Policy Forum with nearly 200 energy policy and market development experts gathered at the National Press Club in Washington, DC. The event brought together senior government leaders to collaborate with the energy storage industry and shape the future of energy and infrastructure policy in our nation’s capital and beyond.  

  • February 16, 2017 - 09:55

    Energy Storage: Falling Costs, Major Gains

    As published in EI New Energy - Vol.6, No:7, Feb. 16, 2017 .  

    As the energy transition charges forward, one technology holds the keys to both the rise of renewable power and the evolution of auto transport: Batteries and other energy storage technologies, assuming they continue to improve, will allow intermittent solar and wind to keep gaining market share while accelerating the shift away from oil-based transport. But can energy storage make economic sense, or will it only add to costs? Matt Roberts, executive director of the Energy Storage Association in Washington, tells EI New Energy that US energy storage costs have fallen “very substantially” in recent years and are “well where they need to be.” As a result of the economic gains and technological advances, energy storage is gaining serious attention from a far-reaching cast of characters including automaker Tesla, the Pentagon, French oil major Total, and President Donald Trump’s administration.

  • February 16, 2017 - 08:54

    Who Is Narada Power? Under-the-Radar Chinese Storage Company Sets Sights on Global Expansion

    Zhejiang Narada Power Source Co., an under-the-radar Chinese energy storage giant, is gearing up for international expansion after emerging from the shadows last month. The January announcement of China’s first commercial energy storage project -- a 1.5-megawatt, 12-megawatt-hour battery project for GCL Silicon, a solar-cell polysilicon maker -- was the first time many international observers had heard of Narada. Despite being relatively unknown outside China, Hangzhou-based Narada claims to have almost 306 megawatt-hours of storage deployed worldwide and 800 megawatt-hours in its contract pipeline.

  • February 15, 2017 - 13:50

    Wholesale Market Changes Will Reflect the 'Unique Abilities' of Energy Storage, Says FERC's LaFleur

    In recent months, the Federal Energy Regulatory Commission (FERC) has taken several steps toward fully incorporating energy storage in U.S. wholesale energy markets -- which, if successful, could be a major boon for the energy storage industry. These actions reflect the fact there’s an exponential amount of energy storage slated to come online, and its “unique abilities to help in different ways,” said Acting FERC Chairman Cheryl LaFleur, speaking this week at the National Association of Regulatory Utility Commissioners’ winter meeting.

  • February 15, 2017 - 08:44

    Baker Electric Inc. Named EPC for NEC Battery Grid Energy Storage Solution for SoCal Edison

    Baker Electric Inc. is pleased to announce it has been named the engineering, procurement and construction contractor (EPC) for NEC Energy Solutions' (NEC ES) grid energy storage pilot system for Southern California Edison. The storage system project is under a pre-approved energy storage procurement program initially conceived of and announced by SCE last year. NEC Energy Solutions, a subsidiary of NEC Corporation, awarded Baker Electric Inc. the EPC contract for the above grade engineering design and installation of the turn-key NES ES GSS(R) grid energy storage solution. It will include 3.4MWh of containerized lithium ion batteries, a 3MW power conversion system, and NEC ES's proprietary AEROS(R) controls software suite. The system is intended to support peaks in electricity demand and is expected to be completed in November of this year.

  • February 14, 2017 - 17:42

    Napa Valley's Pacific Union College to Install Green Charge Commercial Energy Storage

    10:30 AM EST Napa Valley’s Pacific Union College to Install Green Charge Commercial Energy Storage Green Charge today announced that Pacific Union College will install a 1MW/2MWh commercial energy storage system on its Napa Valley campus. Pacific Union College is expected to save nearly $800,000 dollars over the 10-year agreement with revenues generated through demand charge reduction and demand response programs through Pacific Gas and Electric Company.

  • February 14, 2017 - 17:31

    Lead Acid Storage Firm Ecoult Receives ARENA Funding to Help India Expansion

    Sydney-based lead-acid energy storage specialist Ecoult has secured AU$4.1 million (US$3.13 million) recoupable funding from the Australian Renewable Energy Agency (ARENA) to develop and commericalise its UltraBattery products. This supports a AU$10.6 million (US$8 million) venture from Ecoult to enhance its lead-acid battery’s performance and the extra funding will also be used for the expansion of the company’s engineering team in Sydney. It will also help Ecoult move into international markets after it recently signed a global manufacturing deal with India’s largest battery manufacturer, Exide Industries, which will manufacture and distribute the UltraBattery in India and South Asia.