Energy Storage News

Updated: 1 hour 22 min ago
  • February 1, 2018 - 08:26

    Arizona's 3GW Energy Storage Target, 'Clean Peak Plan' Part of a 'Wake Up Call' to Other States

    A 3,000MW energy storage target, proposed in Arizona as part of a grid modernisation policy, recognises the role of the technology in reducing the need for fossil fuels to stabilise the grid, a consultant has said. Yesterday, Andy Tobin of the state’s regulator, the Corporation Commission, presented a plan that includes a goal to generate 80% of Arizona’s power from renewable sources by 2050, a commitment to review the existing Renewable Energy Standard and Tariff (REST) policy, to use renewables to mitigate peaks establishing a ‘Clean Peak’ standard and to deploy 3,000MW of energy storage to “leverage low priced energy during the day”.

  • February 1, 2018 - 00:00

    Energy Storage Association Chief Responds to Former US Energy Secretary Comments

    Kelly Speakes-Backman, CEO of ESA told Power Engineering International, that commentators should note the continuing decline in the price of the technology, and also the need to invest more in research and development to bolster its capabilities. Professor Chu, who served during the Obama administration, was reported in the Australian as saying that the huge lithium-ion battery built in South Australia by Tesla boss Elon Musk had cost about 40 times as much as an equivalent power plant using an existing hydro-electric dam. He said while the costs of building battery plants were likely to halve over the next decade, the approach would never be cheap enough to accommodate the big seasonal shifts in renewable power production.

  • January 30, 2018 - 17:49

    Arizona Regulator Proposes Major Clean Energy Goals

    An Arizona utility regulator has made a sweeping energy policy reform proposal, which includes a call for 80% of the state’s electricity generation to come from clean energy by 2050 along with the goal of having 3 GW of energy storage deployed by 2030. Introduced by Arizona Corporation Commissioner Andy Tobin, the plan would build on the state’s current 15% by 2025 renewable energy standard established by the Arizona Corporation Commission (ACC) in 2006 and make Arizona home to some of the most aggressive clean energy and storage targets in the U.S.

  • January 30, 2018 - 13:58

    Ormat acquires US Geothermal for $110m

    Israeli geothermal energy producer Ormat Technologies Inc. announced today that it had entered into a definitive agreement to acquire US Geothermal, Inc., a renewable energy company focused on the development, production and sale of electricity from geothermal energy. Under terms of the agreement, US Geothermal shareholders will receive $5.45 per share in cash. On fully diluted basis, including payment to US Geothermal’s option holders, Ormat will pay $109.9 million. The closing of the deal is subject to customary conditions, including receipt of regulatory approvals and approval by persons holding a majority of the outstanding shares of US Geothermal common stock. The transaction is expected to close in the second quarter of 2018.

  • January 30, 2018 - 11:12

    New Batteries for Hawaiian Wind Farm: Younicos Upgrades 10 MW Energy Storage System

    AUSTIN, Texas and BERLIN, Jan. 30, 2018 - Younicos has signed an agreement with TerraForm Power to install and commission a 10 MW battery-based energy storage system upgrade at the site of the Kaheawa wind farm on the island of Maui, Hawaii. The batteries will be primarily used to provide ramping services to smooth out wind variability. The project is expected to be completed in the second half of 2018. The agreement calls for Younicos to replace existing lead-acid batteries with advanced Samsung SDI lithium-ion batteries, which will be managed by Y.Q, Younicos’s proprietary control software. Lithium-ion technology will provide a significantly higher usable energy capacity potential, as well as increase the operational lifetime of the system. It will also enable fully automated operation – with no manual battery balancing or state-of-charge management needed.

  • January 29, 2018 - 16:08

    California Pushes The Envelope on Energy Storage with Pumped Hydro

    If the blowup over President Trump’s new solar tariff proves anything, it proves that the renewable energy transition is inevitable. A new hydroelectricity project for the City of San Diego, California is a case in point. The city recently raised the level of an existing hydropower dam to hold more water, and now it is considering a massive new energy storage element that would help the grid support more wind and solar power. The project provides support for the view that the new solar tariff is little more than a “speed bump” on the road to more sustainable future. Trump’s tariff is all but certain to disrupt the lives of individual solar workers, business owners and investors to some degree, but the overall impact is beginning to look like more smoke than fire.

  • January 26, 2018 - 21:38

    Progress on Energy Storage can Expedite the Shift to Clean Energy

    People have known for decades that energy resources such as wind and solar are cleaner and healthier than energy produced by dirty fuels. But, utilities and consumers occasionally express concern about the variability and dependability of those renewable sources. Those concerns are fading with the emergence of game-changing energy storage technologies. According to a new white paper released today by Environment New York, the rapid growth of less expensive wind and solar energy and the plummeting costs of energy storage have led to a six-fold increase in energy storage capacity (excluding pumped hydropower) over the past decade.

  • January 26, 2018 - 11:30

    S&C Electric Leaves the Energy Storage Production Business

    Chicago grid equipment company S&C Electric built its first large-scale battery storage system in 2006, before almost anyone else was doing it. Now, it's winding down that line of business. Storage will still feature in its microgrid offerings, but the employee-owned company will procure it rather than producing it in-house, said Senior Director for Business Development David Chiesa. Meanwhile, S&C is refocusing on what it sees as its core competency: medium-voltage switching and protection, with a special focus on microgrids.

  • January 26, 2018 - 11:17

    E.ON's Texas Waves Energy Storage Projects Online, Capable of Fast Response

    CHICAGO, Jan. 25, 2018- E.ON today announced its Texas Waves energy storage projects, co-located at the existing E.ON Pyron and Inadale wind farms in West Texas, have started operations. Texas Waves consists of two 9.9 megawatt (MW) short duration energy storage projects using lithium-ion battery technology and are an integral part of the wind farm facilities near Roscoe, Texas. Texas Waves are designed to provide ancillary services to the Electric Reliability Council of Texas (ERCOT) market and can respond to shifts in power demand more quickly, improving system reliability and efficiency.

  • January 26, 2018 - 09:05

    Engie to Buy Majority Stake in Energy Storage Provider EPS

    Engie has agreed to buy a controlling stake of a little over 50% in Electro Power Systems (EPS), a France-based provider of hybrid energy storage systems and microgrids. The stake will be bought from the main shareholders of EPS which includes 360° Capital Management, Ersel Asset Management SGR and Prima Industrie at a price of €9.5 per share.