Energy storage

  GE commits to a five-year, $7.5 million membership with MIT Energy Initiative (MITEI) GE will become a Sustaining Member of the MITEI and participate in MITEI’s Low-Carbon Energy Centers Furthers GE’s commitment to the Boston area and expertise focused on solutions to carbon reduction   CAMBRIDGE, Mass., August 30, 2016–GE (NYSE:GE) announced it will […]

Reliability and cybersecurity ranked as the two most important issues currently confronting the electric industry, according to surveys completed by 672 qualified utility, municipal, commercial, and community stakeholders for Black & Veatch’s “2016 Strategic Directions: Electric Industry Report.” It’s not particularly surprising to see reliability rank at the top of the list. “Reliability has always […]

Massachusetts’ lawmakers approved an omnibus energy bill that sets down an energy storage mandate and requires utilities to solicit contracts for 1.6 GW of offshore wind. The bill also outlines clean energy procurement targets, including for 1.2 GW from hydro, onshore wind, and other renewables from within the state, from neighboring states, or from Canada. […]

Wärtsilä Corporation, Trade press release, 19 July 2016 at 14.00 EET Wärtsilä today announced that it has entered into a cooperation agreement with U.S. -based Greensmith Energy, the aim of which is to further strengthen its energy system integration capabilities. Greensmith Energy, a leading provider of energy storage software and integration services, will provide the […]

Diablo Canyon, the two-reactor nuclear power plant on the central California coastline, will be permanently shuttered by 2025 under a renewables-boosting initiative announced today by its owner, Pacific Gas and Electric (PG&E). The company on June 21 unveiled a “joint proposal” with labor and environmental groups that seeks to increase investment in energy efficiency, energy […]

Hands down, 2015 was a record year for global investment in renewable energy. Excluding large hydroelectric projects, the amount of money committed to renewables rose 5%, to $285.9 billion, exceeding the previous record of $278.5 billion reached in 2011.

NEC Corporation (NEC; TSE: 6701) and NEC Energy Solutions (NEC Energy) today announced that they have supplied and completed the installation of a GSS® large-scale energy storage system, with a capacity of 1.2MWh and output of 500kW, to operate in conjunction with a large PV solar power plant established by COLON Company Limited (Kagoshima Prefecture, […]

Desert sand from the United Arab Emirates could be used in concentrating solar power (CSP) facilities to store thermal energy up to 1,000C. And replacing the typical heat storage materials used in thermal

We live in a world of “slow growth and volatility,” said Jeffrey Immelt, chairman and CEO of General Electric, but there’s an opportunity to “make a lot of money” if you have courage in such times.