Energy storage

Energy storage is becoming increasingly important to the power industry. Lithium-ion battery technology has been implemented in many locations, but flow batteries offer significant benefits in long-duration

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), […]

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 next decade could belong to energy storage. Project development costs are dropping. Enhanced state and corporate focus on climate-related issues is producing more opportunities for renewable generation and

The smart grid is transforming the way utilities communicate with their customers. Smart grid technology, including control systems and automation that help new technologies work together, supports a power grid that can respond digitally to quickly changing electricity demand. The smart grid enables electricity producers to enhance reliability, availability, and efficiency. It can provide cost […]

January 29, 2020 — The technology group Wärtsilä has been contracted to add a 10 MW/26 MWh energy storage solution to a power plant owned by Roatan Electric Company (RECO) on the Caribbean island of Roatan in Honduras. Wärtsilä’s proprietary GEMS energy management software solution will control the utility’s energy system, including earlier delivered Wärtsilä engines, and solar PV. […]

WASHINGTON D.C. – Today, U.S. Energy Secretary Dan Brouillette announced the launch of the Energy Storage Grand Challenge, a comprehensive program to accelerate the development, commercialization, and utilization of next-generation energy storage technologies and sustain American global leadership in energy storage. The Grand Challenge builds on the $158 million Advanced Energy Storage Initiative announced in […]

This last year of the decade proved to be a pivotal year for energy storage technology, as major developments underscored why it is so vital for energy markets. Events such as widespread power outages and transmission issues on a global scale have led to the precipitous rise in energy storage deployments. The energy industry has […]