Join us or a discussion on energy storage including microgrids and storage as a service. In this podcast, Karim Wazni shares his insight on the storage market and the integration of renewables, such as wind and solar energy. Karim is the Managing Director of the Microgrids and Storage Solutions unit for Aggreko, a global provider…
Is energy storage the future of renewable energy?
Essential Energy Everyday (EEE) recently released a video called, “Future Powered by Lead Batteries”, which describes how lead batteries are an indispensable part of our everyday lives and our green energy future. Lead batteries have a 150-year proven track record and are poised to provide the energy storage demand for a growing global economy — supporting renewable…
Nearly half of institutional investors to increase interest in renewables & energy storage
By 2021, almost half (49%) of institutional investors expect to increase their exposure to assets supporting and participating in the energy transition, according a new study by Aquila Capital. This transition involves the progressive replacement of fossil fuels by renewable sources of energy production. The new research reveals the fast-growing popularity of the energy transition…
AEP to acquire 724-MW of Sempra’s wind & battery assets
American Electric Power (AEP) announced that its competitive renewable energy subsidiary has signed an agreement to acquire Sempra Renewables and its 724 MW of operating wind generation and battery assets for close to $1.056 billion (including $551 million in cash, assumption of $343 million in existing project debt and $162 million in tax equity obligation). The final acquisition cost will be subject to…
New ABB software offers unified view for efficient microgrid management
ABB recently announced the global launch of its new ABB Ability e-mesh solution. This innovative software solution provides power grid operators an integrated single and unified view of their distributed energy resources (DERs) such as microgrids, battery energy storage systems (BESS), and renewable power generation. The widespread adoption of renewable energy is driven by global commitments…
U.S. energy storage market size will exceed $4 billion by 2024
The U.S. energy storage market share has been surging year-on-year as renewable energy deployment comes to the forefront, replacing fossil fuel energy sources and supporting renewable energy projects. According to experts, energy storage can become a market disruptor as it is fast emerging as a new technology with enhanced capabilities and cost saving that no…
Invenergy begins operation of battery storage system for MidAmerican Energy
Invenergy, a privately held global developer and operator of sustainable energy solutions, announced the start of commercial operations of a utility-scale battery storage system located in Knoxville, Iowa that Invenergy developed for MidAmerican Energy. The lithium-iron phosphate battery project will enable MidAmerican Energy to store electricity for later use. The storage project aims to enhance…
The world’s first wind turbines with built-in hydroelectric capability
Wind turbines are designed to generate energy, not store it. When winds are sufficient, the power goes straight to the transmission grid. But if the grid gets more energy than it can handle, electricity prices drop and turbines are shut down. The reverse is also an issue. When winds are low, turbines earn little to…
North America among regions accounting for 90% of new long-duration storage capacity installed through 2027
A new report from Navigant Research explores the global market for long-duration energy storage, including forecasts, segmented by region, technology, application, and duration, through 2027. The report, Long-Duration Energy Storage, explores the market drivers, barriers, and overall trends for long-duration energy storage to highlight varying regional activities and programs. Interest in long-duration energy storage is rising as the rapid…
Maxwell launches new 3-volt ultracapacitor platform for wind turbines
Maxwell Technologies, Inc., a developer and manufacturer of energy storage and power delivery solutions, announced the launch of a new full-featured 3.0-volt (3.0V) product platform. With the introduction of these next-generation ultracapacitors, users have the ability to increase energy and power in the same form factor as the 2.7-volt product line and can significantly cost-optimize their…
AI-driven energy storage provider, Stem, to expand business operations
Stem, Inc., a provider in Artificial Intelligence (AI)-driven energy storage services, announced the expansion of its business operations and the achievement of new industry milestones as it celebrates its 10-year anniversary. Stem was the first to create AI-driven storage products designed to provide demand charge management and energy arbitrage for commercial and public customers, with the…
New advances in wind-turbine components
A wind turbine is only as good as the sum of its parts. However, choosing components that operate with minimal maintenance or repair needs is a challenge at wind farms. Almost without exception, turbines operate under extreme conditions that put these powerful machines under considerable stress and wear. Over time, operations and maintenance costs can…
Ørsted completes its first stand-alone battery storage project
Ørsted says its first stand-alone battery project, Carnegie Road, is now operational. The 20-MW battery, located in Liverpool, consists of three battery containers and the associated power-conversion system, all supplied by NEC. The project supports a 90-MW wind farm and provides some services to the electric grid. “Climate change is a real and pressing threat…
Navigant’s microgrid tracker identifies over 2,000 projects, representing nearly 20 GW of capacity
A new report from Navigant Research presents data on known grid-tied and remote microgrid projects in the planned, developing, and deployed stages across six geographies and seven microgrid segments. Since 2Q 2018, Navigant Research has identified more than 240 additional microgrid projects, representing over 1,239 MW. “The 15th edition of the Microgrid Deployment Tracker shows North America is…
New York announces increased energy efficiency & energy storage targets
New York Governor Andrew M. Cuomo announced that the New York State Public Service Commission approved two initiatives to dramatically increase New York’s energy efficiency and energy storage targets to combat climate change. The new energy efficiency target for investor-owned utilities will more than double utility energy efficiency progress by 2025, reducing the state’s energy…
A closer look at DNV GL’s Battery Performance Scorecard
In this WindTalk podcast, we speak with Dr Davion Hill of DNV GL, the world’s largest resource of independent energy experts and certification body. DNV GL recently released its first annual Battery Performance Scorecard, which provides independent ranking and evaluation of battery vendors based on extensive laboratory testing. Battery storage can help with the variability…
AWEA supports stand-alone energy storage tax credit
Making stand-alone energy storage systems eligible for a federal Investment Tax Credit (ITC) would create jobs and help modernize the U.S. electricity grid, according to over 150 companies and industry groups representing storage, wind, solar, hydro, manufacturing and other sectors. Today, these businesses issued a letter to Congressional leadership in support of The Energy Storage Tax Incentive and…
Navigant’s energy storage tracker identifies over 1,900 projects
A new report from Navigant Research tracks global energy storage projects, providing data on the country, region, market segment, capacity, status, technology vendor, systems integrator, applications, funding, investment, and key milestones of each project. Energy storage grants stakeholders flexibility on the generation, transmission, distribution, and end-use sides of the grid. As a result, the energy storage landscape…
Mitsubishi Electric gets order for world’s largest wind & energy storage project
Mitsubishi Electric Corp announced that it has received an order for its BLEnDer RE energy-management system to monitor and control the battery and power conditioners (PCS) of what the company believes will become the world’s largest energy-storage system. It will have a 240-MW output and 720-MWh rated capacity. The wind-power and storage project is at Kita-Toyotomi…
GE Power and PPL Electric Utilities to develop software for renewables & stored energy sources
GE Power Digital and Pennsylvania-based PPL Electric Utilities have announced a new joint initiative to develop and test software to manage and control electricity from renewable and stored energy sources. The initiative will enable both companies to learn more about the impact of this type of power — called Distributed Energy Resources (DER) — on grid management and…