Energy Storage News

Updated: 54 min 38 sec ago
  • March 8, 2018 - 12:18

    ESA Applauds the IRS Private Letter Ruling on Residential Storage-plus-Solar

    The IRS’ recent private letter ruling marks a milestone for the residential storage-plus-solar industry. The determination that an energy storage retrofit of a residential solar PV project is eligible for a 30 percent investment tax credit (“ITC”) under Section 25D is a step in the right direction toward a common-sense tax approach to storage. Reducing barriers for taxpayers is an important action this Administration can take to continue growing this industry and to create thousands of new jobs.

  • March 7, 2018 - 17:13

    Community Energy Storage: What is it? Where is it? How does it work?

    The sharing economy is growing feverishly worldwide. Whether ride-sharing, tool-sharing or home-sharing, there are new value streams and new benefits to participants never before envisioned. Energy markets are no exception and are experiencing similar community-oriented revolutions. Over a decade ago, the first community renewable energy (aka shared renewable energy) programs emerged, enabling multiple energy customers to participate in and share the economic benefits of a wind or solar energy system. Today, more than 14 states have enabled shared renewable energy programs, and hundreds of utilities offer some form of community or shared renewable energy program to their customers. More recently, “community choice aggregation” has sprung to life as a compelling alternative for communities looking to drive more renewable and clean energy development.

  • March 7, 2018 - 11:48

    GE Power, in Need of a Lift, Chases Tesla and Siemens in Batteries

    HOUSTON—General Electric Co. unveiled a battery platform Wednesday as it seeks to become a leader in the emerging market of storing electricity. The giant platform called GE Reservoir will be able to store power generated by wind turbines and solar panels for later use. It will also be able to be used to add jolts of power when needed to stabilize voltage and frequency on the electric grid.

  • March 7, 2018 - 11:47

    MISO Energy Storage Task Force Talks FERC Order 841

    MISO’s Energy Storage Task Force has been left wondering if it will help shape the RTO’s response to FERC’s sweeping storage participation order issued last month. The task force has yet to learn its role in working with MISO staff to craft market rules to comply with Order 841, which directs RTOs and ISOs to remove barriers preventing storage from participating in energy, capacity and ancillary service markets. RTOs will be given 270 days from publication in the Federal Register to file revised tariff language with FERC outlining a participation model and another year to implement the changes.

  • March 6, 2018 - 13:59

    SDG&E Seeks 166 MW Energy Storage for Emergency Response Sites

    San Diego Gas & Electric wants to add 166 MW of storage to its system disbursed between seven projects focused on emergency response services. Within the next 12 years, the utility says it will develop or interconnect more than 330 MW of energy storage to help keep the system reliable and integrate additional renewable energy. The utility's plan also includes an incentive program for nonprofit care facilities to install energy storage, called the Energy Storage Customer Program Pilot.

  • March 6, 2018 - 10:00

    US Energy Storage Market Tops the GWh Milestone in 2017

    The U.S. energy storage market is no longer in its infancy. According to GTM Research and the Energy Storage Association’s (ESA) newly released U.S. Energy Storage Monitor 2017 Year-in-Review, 100 megawatt-hours of grid-connected energy storage were deployed in the fourth quarter of the year, marking 1,080 cumulative megawatt-hours deployed between 2013 and 2017. Even more impressive, GTM Research expects that the U.S. market will almost double this total in 2018 alone, with more than 1,000 megawatt-hours of energy storage forecast to be deployed this year.

  • March 6, 2018 - 09:28

    GFG Style and Envision Unveil Concept Car at Geneva Motor Show

    GENEVA, March 6, 2018 /PRNewswire/ -- Today, at the 2018 Geneva Motor Show, GFG Style and Envision unveil a new concept electric vehicle that brings together beautiful design with beautiful energy, to signpost the future of mobility. The GFG Sibylla is a smart electric sedan...

  • March 6, 2018 - 00:00

    First US liquified natural gas cargo leaves for India

    Business Standard First US liquified natural gas cargo leaves for India Houston-based Cheniere signed a 20-year deal with GAIL India Ltd., to supply the subcontinent's largest natural gas transmission Last Updated at March 6, 2018 10:00 IST email this article ALSO READ Petronet is well placed for more gains Petronet LNG: Play on steady volumes & profit growth Mulling a truck loading unit at Hazira LNG Terminal: MD Rahul Deep Singh Indian Energy Exchange to launch spot gas exchange for marginal fields Domestic natural gas production to reach 36 bcm by 2020: Report Cheniere Energy ...

  • March 6, 2018 - 00:00

    The U.S. Just Hit a Major Milestone for Energy Storage — Which is Also Great News for Solar

    The United States has now added the capacity to store a billion watts of power for one hour and may double that total in 2018 alone, says a heady new forecast that highlights the rapid growth of the battery business. The finding, by the research firm GTM Research and the industry trade group the Energy Storage Association, predicts sharp growth in an industry that was barely on the radar a few years ago. Much of the subsequent growth has been inside homes but also at the scale of the electric grid, where batteries can help power companies decide when to deploy their growing store of electricity generated from renewable sources such as solar.

  • March 5, 2018 - 13:20

    IRS Rules Energy Storage Upgrade to Solar ITC Eligible

    The IRS published a Private Letter Ruling last Friday, responding to a request to determine whether, the cost of installing energy storage to be integrated into a residential PV system would qualify as a “qualified solar electric property expenditure” eligible for the Investment Tax Credit (ITC).