Energy Storage in the News

October 21, 2021

Hawaiian Electric wants all solar in next procurement round to be paired with battery storage

Hawaiian Electric is launching its newest “all-source” renewable energy procurement for capacity and grid services on the eastern side of Hawaii Island.

The US island state’s biggest utility company has just filed a draft of its Request for Proposals (RfP) and intends to launch the RfP by the end of February 2022 after it has drawn comment from the community, interested parties and prospective participants and Hawaii’s regulatory Public Utilities Commission (PUC).

Energy Storage in the News

October 20, 2021

Governor Hochul Announces Agreements for Solar and Energy Storage Systems at 47 New York City Public Schools, Water Treatment Facilities

Governor Kathy Hochul today announced the signing of power purchase agreements (PPAs) that will advance plans to place solar arrays on 47 public schools and several water treatment facilities in New York City and pave the way to a construction start in early 2022. The joint project between the New York Power Authority (NYPA) and the New York City Department of Citywide Administrative Services (DCAS) will generate more than 25 megawatts (MW) of power from rooftop solar arrays and include up to 6.6 MW of energy storage. The portfolio will advance New York State’s clean energy targets as outlined in the 2019 Climate Leadership and Community Protection Act (Climate Act) and help achieve more than 25 percent of New York City’s goal of implementing 100 MW of solar PV systems on City-owned properties by 2025 as part of its commitment to reduce citywide emissions 80 percent by 2050. 

Energy Storage in the News

October 20, 2021

Puerto Rico Electric Power Authority readying renewables and energy storage Request for Proposals

Puerto Rico Electric Power Authority (PREPA) has sought approval for the launch of its next Request for Proposals (RfP) for renewable energy and energy storage resources. 

It’s the second tranche of RfPs that PREPA intends to issue this year, after Tranche 1 was issued in February, seeking 1GW of renewables capacity and 500MW / 2,000MWh of energy storage. Tranche 2 would cover the procurement of at least 500MW of renewable generation capacity and at least 250MW of energy storage capacity with four-hours duration (1,000MWh). 

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Energy Storage in the News

October 19, 2021

Energy Vault asks investors to bet on pre-commercial gravity storage tech ahead of NYSE listing

Special purpose acquisition company (SPAC) Novus Capital Corporation II chose to merge with novel gravity and kinetic energy-based storage company Energy Vault after receiving target proposals from more than 100 different firms. 

Energy Vault has been valued at more than US$1.1 billion and the merger would list the combined business — effectively continuing to trade as Energy Vault — on the New York Stock Exchange, Energy-Storage.news reported in September as the proposed deal was announced

Energy Storage in the News

October 19, 2021

Clean energy storage firm Fluence targets $4 billion valuation in U.S. IPO

Renewable energy storage firm Fluence Energy Inc said on Tuesday it is aiming to fetch a nearly $4 billion valuation in its U.S. initial public offering, as investor interest in such technologies soars alongside growing calls to limit climate change.

The company, a joint venture between Germany’s Siemens AG (SIEGn.DE) and U.S.-based AES Corp (AES.N), says it is looking to offer 31 million shares priced between $21 and $24 apiece. At the top end of that range, the IPO would fetch $744 million in proceeds.

Energy Storage in the News

October 18, 2021

Used EV batteries are storing solar power at grid scale — and making money at it

In a parched corner of the Mojave Desert, car batteries are at the center of a revolution.

Instead of fading into obsolescence when they retire from propelling zero-emission Nissan Leafs, these battery packs now work together to store California solar power and discharge it in the evening when the grid needs it most.

That’s something that energy futurists talk about as a potential breakthrough, something the state of California disburses millions of dollars to research and demonstrate. But B2U Storage Solutions, the developer and owner of the Lancaster project, has been doing it for over a year, and making money at it, too

Energy Storage in the News

October 08, 2021

Georgia Power’s first 65MW / 260MWh build, own, operate battery storage project approved

US utility company Georgia Power has approval from regulator Georgia Public Service Commission (PCS) for the first project in its 80MW portfolio of ‘build, own, operate’ standalone battery energy storage systems (BESS). 

The company said yesterday that approval has been granted for Mossy Branch Battery Facility, a 65MW / 260MWh asset which will be charged with electricity from the grid. Georgia Power has appointed Wärtsilä as engineering, procurement and construction (EPC) partner to the project.

Energy Storage in the News

October 07, 2021

Battery recycling firm Li-Cycle nets $100 million investment from Koch Industries subsidiary

Lithium-ion battery recycling firm Li-Cycle announced a $100 million investment from Koch Investments Group, an investment partner subsidiary of fossil fuel giant Koch Industries. 

The investment, made through a convertible note, will support Toronto-based Li-Cycle’s expansion in North America, Europe and Asia. The investment could also include opportunities to partner on engineering and construction services, optimized process design and new commercial facilities. 

Energy Storage in the News

October 07, 2021

Southern, Duke, PJM, others call for more transmission, coordination to handle renewables surge

Eastern Interconnection grid operators and planners including Southern Co., Duke Energy and the PJM Interconnection called for more transmission and coordination to help meet renewable energy goals in a white paper released Tuesday.

Large amounts of renewables make the grid more complex to operate compared with traditional power plants and complicate the transmission planning process, the Eastern Interconnection Planning Collaborative (EIPC) said in the white paper, Planning the Grid for a Renewable Future.

Energy Storage in the News

October 06, 2021

North Carolina to mandate 70% cut in electricity CO2 emissions by 2030

The bipartisan compromise bill includes bold targets and regional firsts, but critics say it’s too lax on Duke Energy.

North Carolina lawmakers have reached a bipartisan compromise on a sprawling energy bill that would set the state’s first-ever targets for cutting electricity-sector carbon emissions. The goal will be to bring emissions down 70 percent below 2005 levels by 2030. That has been a key demand of Gov. Roy Cooper (D) in his fight with the Republican-dominated state legislature over the state’s energy future. 

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