Energy Storage in the News

December 19, 2019

Highview Power and Encore Renewable Energy to Co-Develop the First Long Duration, Liquid Air Energy Storage System in the United States | Highview Power

Highview Power Storage, Inc. and Encore Renewable Energy today jointly announced plans to develop the United States’ first long duration, liquid air energy storage system. This facility will be a minimum of 50MW, provide in excess of eight hours of storage (400MWh) and will be located in northern Vermont. The project is the first of many utility-scale, liquid air energy storage projects that Highview Power plans to develop across the United States to help scale up renewable energy deployment. The Vermont facility will contribute to resolving the longstanding energy transmission challenges surrounding the state’s Sheffield-Highgate Export Interface (SHEI) and enable the efficient transport of excess power from renewable energy sources, such as solar and wind power to help integrate them on the power grid.

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Energy Storage in the News

December 16, 2019

BlackRock Aims a $2.5 Billion Fund at Commercial and Industrial Solar, Wind, and Battery Storage

The world’s largest fund manager, BlackRock, just closed $1 billion of a record $2.5 billion fund dedicated to solar, wind, and energy storage projects. BlackRock’s Global Renewable Power III fund has commitments from over 35 institutional investors in North America, Europe and Asia and “reflects strong investor demand for renewable power assets,” according to a release.

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Energy Storage in the News

December 16, 2019

Lockheed Martin Announces Teaming Agreement with TC Energy on Innovative Flow Battery Technology

Lockheed Martin announced today a teaming agreement with TC Energy in which the two companies will identify and develop large-scale, long-duration energy storage projects using GridStar® Flow, Lockheed Martin’s innovative flow battery technology. This cutting-edge energy storage system is capable of storing six to 12 hours or more of energy and dispatching it as needed.

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Energy Storage in the News

December 12, 2019

Why Energy Storage is an Essential Ingredient in Grid Modernization

If the energy industry was a solar system, energy storage might very well be the sun. At least, that’s the perspective of Kelly Speakes-Backman, CEO of the Energy Storage Association (ESA) and featured luminary speaker at DISTRIBUTECH International next month in San Antonio, Texas. Speakes-Backman recently talked with POWERGRID about her work at the ESA and where she sees the future of energy storage.

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Energy Storage in the News

December 12, 2019

Congress Has a Chance to Pass Meaningful Energy Legislation

At a time of nearly unprecedented legislative gridlock on Capitol Hill, there are too few policies that have the bipartisan support and national importance necessary to move through Congress. But one of those policies has received the backing of key congressional constituencies and could revolutionize the energy grid as we know it. This Op/Ed from Kelly Speakes-Backman and Heather Reams describes the need for a stand-alone storage investment tax credit. 

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Energy Storage in the News

December 12, 2019

Nevada Regulators Approve NV Energy Plan for 1,190 MW Solar, 590 MW Storage

The Nevada Public Utilities Commission on Dec. 4 approved NV Energy’s Integrated Resource Plan, including three solar projects totaling 1,190 MW and 590 MW of energy storage capacity. All of the new projects will be located in southern Nevada and are planned to be online by 2024. The utility last year committed to doubling its renewable energy resources by 2023 and says it is on track to meet that goal. The largest of the projects is Quinbrook Infrastructure Partners’ Gemini solar+storage project. The company says it is believed to be one of the largest projects of its kind globally, with capital expenditures expected to top $1 billion.

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Energy Storage in the News

December 09, 2019

Sunnova SunSafe Now Available in Florida Markets

Sunnova Energy International Inc. has expanded its Sunnova SunSafe 1 solar+battery storage system offering into Florida, making the state the 13th market where Sunnova now offers SunSafe. Sunnova also announced the addition of a 15-year financing plan for add-on solar battery storage. This offering is immediately available in all existing Sunnova SunSafe markets.

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Energy Storage in the News

December 09, 2019

Oak Ridge National Lab Is Deep Into Second Use Battery Control System Development

Oak Ridge researcher Michael Starke has been leading a project supported by the Office of Electricity’s Energy Storage Program to create and enhance controls for second-use battery energy storage, including testing of a 15 kilowatt system at a Habitat for Humanity home site in North Carolina. Testing is also taking place at an Oak Ridge research house in a neighborhood near the lab.

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Energy Storage in the News

December 09, 2019

Orsted Brings 460MW Solar-Plus-Storage Project to Texas Oil Country

Ørsted on Wednesday announced plans to build a 460-megawatt solar-plus-storage project in West Texas, near existing oil and gas infrastructure in the Permian Basin. The storage facility will be relatively modest in size by the standards of the latest projects, at 40 megawatts with one hour of capacity, running alongside a 420 MW AC solar array.

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Energy Storage in the News

December 06, 2019

GM, LG Chem to Announce EV Battery Joint Venture in Ohio

South Korea’s LG Chem said it would invest $916 million in its U.S. subsidiary by 2023 to set up an electric vehicle battery joint venture with General Motors. The facility, expected to be located in the Lordstown area of Ohio, would see an investment of more than $2 billion, with GM and LG Chem expected to invest more than $1 billion each. A GM-LG plant could be the first unionized battery factory in the U.S. Teslas factory and LG Chems battery factory in Michigan do not have unions.

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