Energy Storage News

Updated: 38 min 43 sec ago
  • August 1, 2019 - 20:09

    UMass Attaches Largest Label to Dartmouth Battery Storage System

    UMass Dartmouth officials are touting a public battery storage system as the largest of its kind in Massachusetts, and citing its potential to control costs by releasing energy at peak usage periods when the price of electricity is the most expensive. With FirstLight, AMS and Eversource, the university on the South Coast recently launched the 520-kilowatt system, adding to an infrastructure there that already includes a 1.6 megawatt hour co-generation plant and 369 kilowatts of solar photovoltaic panels.

  • August 1, 2019 - 19:58

    Georgia Power Unveils Atlanta's First Smart Neighborhood

    The U.S. Department of Energy (DOE) recently helped unveil a new community of 46 smart townhomes in Atlanta which will serve as a living laboratory for DOE researchers to evaluate how homeowners are using energy in a real-world, smart home environment. This research is instrumental to understanding how emerging smart technologies and distributed energy resources can impact energy efficiency, energy management and resiliency. The Altus neighborhood, known as the Georgia Power Smart Neighborhood, is a set of townhomes on a microgrid that have been outfitted with solar photovoltaic panels, batteries, and state-of-the-art, grid-connective, energy-efficient building components and appliances.

  • August 1, 2019 - 18:02

    The Rapid Maturation of the U.S. Energy Storage Market

    Significant expansion in energy storage markets is poised to occur against a backdrop of regulatory changes in federal and state incentive programs, cost improvements and advances in monetization of energy storage. These current and anticipated trends affecting the U.S. energy storage market will have a significant influence on how industry participants choose when, where and how to invest in and develop energy storage technology.

  • August 1, 2019 - 04:00

    Shaheen Reintroduces Bill to Identify and Overcome Barriers to Use of Clean Energy Technologies

    U.S. Senator Jeanne Shaheen (D-NH) has reintroduced the Clean Energy Grid Act. This bill would aim to strengthen US energy security, reduce pollution, increase electric reliability and spur job creation by improving the deployment of efficient and cost-effective energy resources, such as solar and wind power and energy storage.

  • July 31, 2019 - 15:35

    Energy Storage Investments Boom As Battery Costs Halve in the Next Decade

    Energy storage installations around the world will multiply exponentially, from a modest 9GW/17GWh deployed as of 2018 to 1,095GW/2,850GWh by 2040, according to the latest forecast from research company BloombergNEF (BNEF). This 122-fold boom of stationary energy storage over the next two decades will require $662 billion of investment, according to BNEF estimates. It will be made possible by further sharp declines in the cost of lithium-ion batteries, on top of an 85% reduction in the 2010-18 period.

  • July 31, 2019 - 12:44

    Charged Up: A Giant Battery will Help Brandeis Lower Electricity Costs, Aid in the Progress of Greener Power

    Brandeis University is launching a new energy storage project that is projected to save the campus upwards of $50,000 annually in electricity costs. The Massachusetts university is partnering with AMS and FirstLight Power to install and operate a 780-kWh battery-based energy storage system that will connect with the school’s electrical power system. By charging overnight when the price of electricity is at its lowest, the battery will be able to send electricity into Brandeis’ system during the day when prices peak – enabling the university to buy less electricity at the most expensive times.

  • July 31, 2019 - 11:09

    Engie Will Pay Storage Developers for Wholesale Market Dispatch Rights

    Engie Storage has formalized a much-discussed but little-practiced revenue stream for energy storage projects: wholesale market value-stacking. Under a new product offering, Engie won't just design, supply and operate energy storage plants for customers. The company will also pay developers upfront for dispatch rights to use their batteries in the ISO New England wholesale markets. This gives storage developers and their financiers an additional source of secure revenue, while shifting the tricky merchant risk onto Engie, which feels confident in handling it.

  • July 30, 2019 - 19:05

    NYPA Announces $30M Energy Storage Demonstration Project Upstate

    The New York Power Authority (NYPA) is moving ahead with its first large-scale energy storage project. NYPA announced it is establishing a 20-MW demonstration facility adjacent to one of its substations in Franklin County. The estimated project cost is almost $30 million, all of which has been approved by the NYPA board of trustees. The Franklin County demonstration site will include a one-hour lithium-ion battery system which can absorb excess power generation for later delivery. NYPA officials say its supports New York Gov. Andrew Cuomo’s renewable and energy storage mandates, including a goal of 3,000 MW in energy storage capacity by 2030.

  • July 30, 2019 - 15:37

    ENGIE Storage Providing Operating Software for 19-MW Solar+Storage Portfolio

    ENGIE Storage will supply and operate a 19-MW/38-MWh portfolio of six energy storage sites that will contribute to the Solar Massachusetts Renewable Target (SMART) Program and participate in ISO-New England wholesale markets. The combined solar-plus-storage portfolio, developed and operated by Syncarpha Capital, a New York-based private equity firm, is the first utility-scale solar-plus-storage projects offering to benefit from ENGIE’s new integrated development, supply and services offering for wholesale market participation.

  • July 30, 2019 - 12:04

    Senators Eye DOE Loan Program for Storage Technologies

    Energy storage projects would qualify for financing from the Department of Energy's loan guarantee program under bipartisan legislation introduced in the Senate last week. The bill, S. 2277, offered by Sens. Maggie Hassan (D-N.H.) and Susan Collins (R-Maine), is the latest addition to a smorgasbord of energy storage bills that have been put forward in recent months. DOE's loan guarantee program continues to enjoy bipartisan support, and boosting storage technologies has seen growing interest among members in both parties.