Energy Storage in the News

July 23, 2019

Northeastern States Primed to Be the Next Major Energy Storage Market

Northeastern states have enacted a dizzying array of policies to promote energy storage development alongside the growth of renewables over the past few years. This region is united in its muscular state policy stances on combating climate change with a pivot to cleaner electricity. Aggressive clean energy policy alone benefits from greater capacity to store intermittent production, but the Northeast also has a geographic interest in resilience in the face of hurricanes, Nor’easters, ice storms and blizzards.

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Energy Storage in the News

July 23, 2019

Taking Aim at PJM’s 10-Hour Duration Capacity Rule for Energy Storage

The U.S. energy storage industry has been getting into arguments with grid operators over their plans to implement FERC Order 841, the mandate to integrate energy storage assets into the country’s wholesale energy markets. The biggest argument to date has been over PJM’s insistence on a 10-hour duration requirement for its capacity market. Last week, ESA and NRDC unveiled an analysis by Astrapé Consulting, using PJM data and industry-standard modeling, that indicates gigawatts’ worth of energy storage in 2-hour, 4-hour and 6-hour durations could provide the same capacity value as power plants that run 24 hours a day.

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Energy Storage in the News

July 18, 2019

Energy Stored in Underground Caverns Joins Megabatteries in South Australia

Canadian company Hydrostor has just received approval to build the first grid-scale compressed air energy storage system in Australia. Hydrostor will deploy a 5MW / 10MWh system at a former zinc mine near Strathalbyn, South Australia. The advanced compressed air energy storage (A-CAES) project, expected to cost AU$30 million (US$21.09 million) in total, received development approval and has been welcomed in statements by local politicians

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Energy Storage in the News

July 18, 2019

Report Offers Ways to Expand Mass. Battery Storage Innovation

A new report from UMass Amherst’s Clean Energy Extension, released on July 5, 2019, sees significant potential to accelerate Massachusetts’s emerging energy and battery energy storage (BES) innovation ecosystem. The report, Creating Opportunity: Building a Massachusetts Battery Energy Storage Innovation Ecosystem” attributes much of the potential to the connections between the Commonwealth’s academic and private sectors.

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Energy Storage in the News

July 18, 2019

Capacity Value of Energy Storage in PJM

Astrapé Consulting performed a capacity valuation of energy-limited resources (ELRs) using the Strategic Energy and Risk Valuation Model (SERVM) for the PJM Interconnection, L.L.C. The intent of this analysis was to determine the duration requirements for ELRs based on their ability to provide the same reliability benefits as conventional fully-dispatchable resources.

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Energy Storage in the News

July 18, 2019

New study By Astrapé, Energy Storage Association, and National Resources Defense Council refutes PJM arguments in FERC 841 Order

A new study released by Astrapé Consulting, funded by the U.S. Energy Storage Association (ESA) and National Resources Defense Council (NRDC), concludes that Federal Energy Regulatory Commission (FERC) efforts to encourage more energy storage deployment is supported by sound data. The findings, which are specific to the PJM market, show that PJM’s proposal requiring a storage asset to run for 10 continuous hours in order to qualify its full output for the capacity market is unnecessary and unduly restrictive. The Astrapé study concludes that a shorter storage duration requirement correctly reflects its capacity value for the foreseeable future.

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Energy Storage in the News

July 18, 2019

CEO Kelly Speakes-Backman's Statement on Georgia Public Service Commission's Long-Term Energy Plan

“We commend the Georgia Public Service Commission for its approval this week of an ambitious, long-term energy plan that includes includes 80 MW of battery storage for the state,” said Kelly Speakes-Backman, CEO of the U.S. Energy Storage Association. The commission’s strategy also calls for pilot programs to re-purpose used batteries to enable fast-charging of electric vehicles.

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Energy Storage in the News

July 18, 2019

Canada Launches New Challenge to Accelerate Battery Innovation

Canada is building a clean energy future that creates jobs, reduces costs for families and ensures that we remain a destination of choice for international investment. Central to this goal is the growing global battery market that has the potential to change the way we use and store power, providing a major economic opportunity for Canada while directly supporting efforts to mitigate climate change.

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Energy Storage in the News

July 17, 2019

GE and BlackRock Launch Distributed Solar and Storage Business

GE has announced it’s taking its distributed solar and solar-plus-storage business to a new stage, via a partnership and majority investment by asset management firm and heavyweight renewables investor BlackRock Real Assets. The new company, named Distributed Solar Development, will be 20 percent owned by GE Renewable Energy and 80 percent owned by a fund managed by BlackRock. The business, which has been incubated within GE since 2012, will focus on commercial, industrial and public-sector customers.

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Energy Storage in the News

July 09, 2019

NantEnergy Shows how Solar + Storage Is a No-Brainer for Businesses in California, New Mexico Right Now

The solar + storage value proposition is increasingly a no-brainer for commercial buildings in states out West. Demand charges in California have increased by as much as 64% since 2014, and these charges can represent more than 50% of a company’s monthly energy bill. What’s more, California experienced more outages in 2017 than any other state (430+), with outages lasting an average of 117 minutes.

As these charges have increased, however, so too have grid outages, in both frequency and duration; these downtimes cost U.S. businesses billions each year. Much of the increase is due to the higher frequency of damaging severe weather events driven by climate change, making backup power vital for business customers.

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