Green Charge Networks, the largest provider of commercial energy storage in the US today announced $20 million in non-recourse project finance debt plus a $30 million accordion from Ares Capital Corp.
Oregon enacts energy storage legislation
An electric company may recover in rates all costs prudently incurred in the procurement of the energy storage system(s), including any above-market costs associated with procurement.
Battery energy storage reaches highest levels in 2015
This article, from law firm Bricker & Eckler, is authored by Dylan Borchers. According to a recent report released by GTM Research and the Energy Storage Association, 2015 is shaping up to be the biggest year yet in the energy storage sector, with a projected deployment of 220 MW. This amount is expected to more than double…
Sonnenbatterie’s residential and commercial energy storage systems are approved for the HERO program
Sonnenbatterie says its residential and commercial intuitive energy storage management batteries are approved products for the Home Energy Renovation Opportunity (HERO) financing program. Sonnenbatterie manufactures lithium-ion energy storage systems for residential customers wanting a reliable system for self-consumption. Sonnenbatterie also offers applications for backup power, enabling energy independence with alternative energy sources to reduce electricity…
20 MW storage plant nears operation
A provider of fast-response energy storage systems and services says it has made substantial progress toward completing and partial start-up of a 20-MW flywheel frequency-regulation plant the company is building in Stephentown, NY. More than 10 MW of storage capacity (more than 100 flywheels) has been installed and tested by Beacon Power Corp., and is…
Energy storage crucial to increasing renewable electricity on the grid
U.S. policymakers must focus more closely on developing new energy storage technologies as they consider a national renewable electricity standard, according to one of the principal recommendations in a newly released report, Integrating Renewable Electricity on the Grid, by the American Physical Society’s Panel on Public Affairs (POPA). Establishing a national renewable electricity standard will…
Chemical capacitor to store wind power
Xtreme Power Inc says it has power storage technology that can beat lithium ion batteries in terms of energy efficiency, cycle life, and cost. The Texas-based company won a contract to install a 10-MW battery to back up a 30-MW wind farm planned for Oahu, Hawaii. Project developer First Wind received a $117 million DOE…