San Antonio-based CPS Energy is asking for public input into its new “Power BundleFlex” plan to incorporate solar, energy storage and natural gas into the future generation mix. CPS CEO Paula Gold-Williams announced the details Thursday as another step in the utility’s Flexible Path strategy aimed at implementing new power generation sources over the next […]
Energy Storage
Giant batteries and cheap solar power are shoving fossil fuels off the grid
This month, officials in Los Angeles, California, are expected to approve a deal that would make solar power cheaper than ever while also addressing its chief flaw: It works only when the sun shines. The deal calls for a huge solar farm backed up by one of the world’s largest batteries. It would provide 7% […]
Why Long Island Could Become New York’s First Energy Storage Hot Spot
The region stands to benefit from storing renewable power, and $55 million of new incentives could get the market going. It can be hard to keep up with the steady drumbeat of energy storage policy updates emanating from the Northeast, and New York in particular, but last week’s announcement of $55 million allocated for Long […]
Liquid-air storage offers cheapest route to 24-hour wind and solar
IN DEPTH | A wind-powered LAES system would already be a cheaper back-up for variable renewables than a gas peaker plant, and could be the game-changer the energy industry needs To wean the world off fossil fuels, we need to ensure that variable renewable energy can be stored and used to meet electricity demand at […]
Energy Capital Partners buys energy storage expert Convergent
US private equity and credit investment firm Energy Capital Partners (ECP) has taken over energy storage solutions developer Convergent Energy + Power. ECP said in a statement today that the acquisition includes financing for Convergent’s future pipeline of projects. It gave no financial details about the deal that was signed in April 2019. Founded in […]
India Leads New Energy Surge
In the past five years, India has nearly doubled its cumulative renewable energy generating capacity from 35,500 MW in 2013-14 to 7,000 MW in 2017-18. This growth has come on the back of a focused policy push from the government, making the country 4th globally in terms of total wind power installed and 6th in […]
AP govt cancels energy storage proposal
The new YS Jagan Mohan Reddy government in the state took the decision to examine and reverse existing power purchase agreements signed under the previous TDP rule It also decided to scrap the 960MW Polavaram Hydroelectric Power plant Mumbai: The new Andhra Pradesh government has decided to cancel the energy storage proposal for which its […]
Massachusetts policy leads Stem towards 28.2MWh of solar co-located energy storage
Policy in the Commonwealth of Massachusetts favouring the use of clean energy during peak times has brought behind-the-meter energy storage company Stem Inc into the state’s utility-scale solar-plus-storage market. The commercial and industrial (C&I) system provider has partnered with private equity firm Syncarpha Capital Partnership to develop 28.2MWh of large-scale energy storage projects, co-located with […]
Governor Cuomo Announces $55 Million for Energy Storage Projects on Long Island
The collaboration between NYSERDA and PSEG-LI advances progress toward achieving New York’s target of 3,000 mW of energy storage by 2030. Governor Andrew M. Cuomo announced $55 million for energy storage including commercial and residential storage projects on Long Island. This program will be launched with an initial rollout of nearly $15 million in incentives […]
Energy storage is key to the future of power
Renewable energy is an important component of Africa’s economic future and is destined to replace polluting power generation sources such as coal and oil. This transition will be greatly helped by efficient energy storage, which is also quickly dropping in cost. Seydou Kane, Managing Director at Eaton South Africa discusses the importance of storage in […]