Energy Storage

The science of renewable energy is remarkable—the ability to harness nature to magically power our modern world is a seductive vision. And yet, the actual business of renewable energy is late to establish itself as a viable competitor to the petrochemical industry. The problem is rooted in cost parity and the challenges of production, storage, […]

A new report from a global research, data, and analytics firm says the total market for energy storage will reach $546 billion in annual revenue over the next 15 years, led by the continued electrification of the transportation sector. Lux Research, a Boston, Massachusetts-headquartered group, in its “Global Energy Storage Market 2019” report, estimates the […]

ALISO VIEJO, Calif. (February 24, 2020) — esVolta, LP today announced that it has closed an approximately $140 million senior secured credit facility to finance a portfolio of its utility-scale battery energy storage projects. The credit facility was provided by CIT’s Power and Energy business as the Mandated Lead Arranger, and Siemens Financial Services (SFS), […]

PLEASANTON, California (Feb. 20, 2020) — State Compensation Insurance Fund (State Fund) and ENGIE North America today announced an agreement to build solar photovoltaic (PV) panels, energy storage systems, and electric vehicle (EV) charging stations across seven different State Fund locations throughout California. ENGIE and JLL jointly designed this comprehensive program to help State Fund […]

Researchers at a few prominent universities have published findings on recent power-related projects. At Cranfield University in the UK, hydrogen production technology is advancing with an eye on cost and carbon reductions; researchers at the University of Michigan released best practices for extending lithium-ion battery life; and a Massachusetts Institute of Technology (MIT) study found […]

Yucca Mountain, the 1987 Congressionally appointed deep geologic repository for spent nuclear fuel (SNF), may be officially dead; transmission assets held by the Tennessee Valley Authority (TVA) and three Power Marketing Administrations (PMAs) will be put up for sale; and hundreds of millions of dollars in unobligated balances for flagship programs like the Advanced Research […]

Energy Storage startup SPARKZ Inc. has exclusively licensed five technologies from the Department of Energy’s (DOE’s) Oak Ridge National Laboratory (ORNL) designed to eliminate cobalt in lithium-ion batteries. The development portends a significant new direction for battery storage technology, which has been hindered by costs and availability of the rare metal. ORNL, which announced the […]

Deep decarbonization of the U.S. Northwest can be achieved at “manageable” costs by 2045, but only if utility agency Energy Northwest secures zero-emitting firm capacity, such as by relicensing Columbia Generating Station—the sole nuclear plant in the region—and building small modular reactors (SMRs), a new study suggests. The study by San Francisco-based consulting group Energy […]

The technology behind solar power is changing rapidly. Researchers at the University of California, Davis have said so-called “anti-solar” panels could even generate power at night. But even as solar deployments grow worldwide, more innovative solar products are launched, and more governments enact clean energy mandates, political headwinds threaten to slow the progress of the […]

Community solar refers to local solar facilities shared by multiple subscribers who receive credit on their electricity bills for their share of the power produced. Community solar allows homeowners, renters