Energy Storage in the News

June 22, 2020

$50 Million Prime Impact Fund Launches to Invest in Early-Stage Cleantech

The fund screens startups for gigaton-level carbon-reduction potential. A new fund is channeling philanthropic dollars into early-stage clean technology investments in the hopes of catalyzing major climate-change impacts. The Prime Impact Fund closed a $50 million raise in recent weeks and has already made eight investments. The fund uses an unusual structure: It screens prospective investments for their carbon-reduction potential in order to direct investment to high-impact technology companies that might struggle to find funding through conventional means.

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Energy Storage in the News

June 17, 2020

U.S. Energy Storage Association Announces #ESACon20 Event Partners

The U.S. Energy Storage Association (ESA), the national trade association for the American energy storage industry, is partnering with the Edison Electric Institute (EEI) and the Electric Power Research Institute (EPRI) for this year’s virtual Energy Storage Annual Conference and Expo (#ESACon20) that is taking place August 24-27. The collaboration brings together the implementers, manufacturers, utility, research and development and services segments of the energy storage industry through an innovative and unique conference platform.

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Energy Storage in the News

June 17, 2020

ABB partners with Vigor for Washington State Ferries newbuilds

ABB has been selected by American shipbuilding company Vigor to provide a hybrid-electric propulsion and energy storage system for the newest additions to the Washington State Ferries fleet. The new Olympic-class ferries will have the capacity to carry 144 cars and 1,500 passengers each. The initial vessel of the series is scheduled for delivery in 2024 and will the first newbuild in Washington State Ferries’ fleet to feature hybrid-electric propulsion and a high-capacity energy storage system. The ships will be able to fully operate on battery power, with the capability to revert to hybrid mode.

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Energy Storage in the News

June 17, 2020

Used EV batteries for large scale solar energy storage

MIT scientists have suggested used electric vehicle batteries could offer a more viable business case than purpose-built systems for the storage of grid scale solar power in California. Such ‘second life’ EV batteries, may cost only 60% of their original purchase price to deploy and can be effectively aggregated for industrial scale storage even if they have declined to 80% of their original capacity.

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Energy Storage in the News

June 17, 2020

Lithium-ion Batteries For Under Water Use: Battery Technology Trends

Li-ion battery technology is maturing, but is a relatively new technology compared with lead-acid batteries and is a significant improvement as it offers high energy density, high efficiency, long-cycle life, and lower maintenance. These batteries work on an electrolysis model with lithium metal oxide cathode and graphitic carbon anode placed in an electrolyte made up of lithium salts dissolved in organic carbonates.

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Energy Storage in the News

June 17, 2020

8minute Solar Energy Signs Contract with MBCP and SVCE to Develop 250 MW Solar-Plus-Storage Project

8minute Solar Energy (8minute) announced that the company has executed a power purchase agreement (PPA) with Monterey Bay Community Power Authority (MBCP) and Silicon Valley Clean Energy (SVCE), marking 8minute’s first contract with Community Choice Energy (CCE) providers. The 250-megawatt (250 MWdc / 200 MWac) Aratina Solar Center includes 150 megawatt-hours (MWh) of energy storage and will provide enough power for 93,000 homes.

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Energy Storage in the News

June 17, 2020

Fluence Lines Up 2,300 Megawatt-hours of Orders for Sixth-Generation Energy Storage Technology from Customers Including Enel, LS Power, sPower and Siemens

Fluence, a Siemens and AES company, today unveiled its sixth-generation energy storage technology stack combining factory-built hardware, advanced software and data-driven intelligence. Drawing on more than 12 years of industry leadership and innovation, the new technology is changing the way energy storage systems are built and operated — making them simpler, safer, faster and more cost-effective to deploy at scale.

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Energy Storage in the News

June 17, 2020

PG&E Keeps Adding Electrons To Energy Storage Plans

California utilities are ahead of much of the world in the transition to clean technology. They have a lot more rooftop solar power on the grid than many places, and they’re led by progressive voters and politicians. There is no waffling on battery energy storage for these big dogs at this point. They’re all in.

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Energy Storage in the News

June 17, 2020

Strata Blazes Ahead With California Gas Peaker Replacement Battery, Taps Tesla - Greentech Media News

Another of the world’s largest battery projects is moving forward with construction in Southern California amid the coronavirus slowdown. Strata Solar will begin construction in July on its 100-megawatt/400-megawatt-hour battery plant in Ventura County, north of Los Angeles along the coast. County authorities signed off on the final approvals over Zoom, allowing the project to keep on schedule, Strata SVP of Energy Storage Joshua Rogol told Greentech Media. It should be operational by early 2021.

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