Archive: Energy Storage

‘GREEN Act of 2019’ Extends Tax Credits for Renewables

The Ways and Means Committee of the U.S. House of Representatives on Nov. 19 released a draft tax package for clean energy projects that includes a five-year extension of the 30% solar Investment Tax Credit (ITC), along with new incentives for energy storage. The legislation also supports incentives for electric vehicles (EVs), offshore and onshore […]

IEA World Energy Outlook: Solar Capacity Surges Past Coal and Gas by 2040

Solar photovoltaic (PV) could surge ahead of coal and gas and become the largest source of installed power capacity in the world by 2035 if countries pursue stated policies and targets, the International Energy Agency (IEA) said in its newly released World Energy Outlook 2019 (WEO2019).  The agency’s annual publication, which it issued Nov. 13, […]

How the DOE Plans to Modernize the Grid in the Near Term

Twenty-three projects chosen by the Department of Energy (DOE) in response to its 2019 Grid Modernization Lab Call provide a broad look at the critical issues that are roiling the nation’s power sector, as well as the tools and technologies that it has determined will best bolster the grid of the future in the near […]

ExxonMobil Extends Deal for Fuel Cell Carbon Capture Project

ExxonMobil and FuelCell Energy announced a new joint-development agreement to enhance carbon capture fuel cell technology, as the groups work on a process to capture combustion exhaust from power plants and other industrial facilities. The two-year deal, announced Nov. 6 and an extension of an earlier agreement, is aimed at optimizing core technology, process integration, […]

Ritter’s Message: Market Forces Drive Growth in Distributed Generation

Market forces are playing as much if not more of a role than regulatory policy in the transition from fossil-fueled power generation to renewables, as utilities in the U.S. and worldwide establish decarbonization goals. That was the message from Bill Ritter Jr., former governor of Colorado, during his keynote address at POWER’s Distributed Energy Conference […]

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Top 5 Energy Storage Trends of the Year

Energy storage has been the hot topic in solar and e-mobility over the last couple years, and it’s only getting hotter. Last year, energy storage installations in the U.S. totaled 311 MW and 777 MWh, up from next to nothing six years prior, and this is just the beginning. Wood Mackenzie and Energy Storage Association […]

FERC Backs First Compliance Filings on Energy Storage Rule

The energy storage market received a boost Oct. 17 when the Federal Energy Regulatory Commission (FERC) approved the first two compliance filings implementing Order 841, a rule the commission said is designed to eliminate market barriers to electricity storage. Order 841 was enacted in February 2018. The measure directs regional power grid operators to establish […]

EV-Based Virtual Power Plants Shift Peak Load and Save Money

A recent study found that electric vehicle (EV) batteries used as a utility virtual power plant (VPP) could shift the entire residential peak load to nighttime hours with only 10% EV market saturation. The research was conducted by Jackson Associates, an Orlando, Florida-based firm that does energy forecasting, data development, and energy-related analysis. The study […]

Four Projects Picked to Speed Up Pumped Storage Hydro Construction 

Four projects have won a competition launched by the Department of Energy (DOE) in April 2019 to help shorten the commissioning time for pumped storage hydropower projects and revitalize the hydropower industry.  The grand prize winners or the Furthering Advancements to Shorten Time (FAST) Prize competition were selected by the National Renewable Energy Laboratory (NREL) […]