Elon Musk committed to ramping up Tesla’s efforts to expand its Energy businesses on both the energy storage and the solar side of the equation on the company’s first quarter 2019 investor call earlier this week. The vision all along for Tesla was that it would build up a robust lineup of electric vehicles supported […]
Energy Storage
Cryogenic Energy Storage: An interview with Javier Cavada of Highview Power
Highview Power recently announced the formation of a joint-venture with TSK, a global leading EPC company for the expansion of its giga-scale cryogenic energy storage systems across Spain, the Middle East and South Africa. The joint-venture is expected to enable the immediate shift from thermal and nuclear power to renewables and is expected to result in ~1 […]
Cuomo Adds $280 Million for New York Energy Storage Projects
New York Governor Andrew Cuomo offered up $280 million this week for energy storage projects in the state that grow the industry and drive down deployment costs. The funding is part of a $400 million investment that supports reaching 3,000 megawatts of energy storage by 2030. “Energy storage enhances the efficiency of the electric grid […]
India looking at $500 bn investment in renewable energy generation by 2028
The global think-tank said in a special report the long-term outlook is favourable for renewable energy in India New Delhi: India is looking at a mammoth $500 billion worth of investment in creating renewable energy generation capacity with tendering of 500 Gigawatt (Gw) by 2028 in addition to $250 billion investment in grid expansion and […]
Duke to sell stake in solar, wind and storage portfolio to John Hancock
North Carolina-headquartered utility Duke Energy has agreed to sell a minority stake in a roughly 1.2GW portion of its renewable energy portfolio to the John Hancock Infrastructure Fund (JHIF) and John Hancock Life Insurance Company (U.S.A), for US$1.25 billion. The portfolio, that includes solar, wind and energy storage assets, is owned and operated by company […]
New York allocates $280 million in incentives for energy storage projects
New York Governor Andrew M. Cuomo today announced that $280 million of support is available for energy storage projects to accelerate growth within the industry and drive down energy storage deployment costs to build a sustainable and affordable market. This funding is part of a $400 million investment to achieve New York’s nation-leading energy storage […]
Southern California Edison Picks 195MW Battery Portfolio in Place of Puente Gas Plant
How a California community succeeded in pushing for a reliability fix that will see the installation of storage projects rather than a natural-gas peaker plant. What started as a routine gas plant procurement ended as a testament to the changing electrical grid. This week, utility Southern California Edison selected a roster of energy storage projects […]
Molten Salt Thermal Energy Storage (TES) Demand to Shoot Up in APAC and MEA, reports TMR
Pratt and Whitney Rocktdyne, Inc., Siemens AG, SCHOTT AG, BrightSource Energy, Inc., AREVA, Acciona S.A., and Abengoa Solar S.A. – the key players in the global molten salt thermal energy storage (TES) market, have established a market presence significant enough to make their products highly valued among end users globally. Besides the above key players, the […]
Batteries & Energy Storage: Safety, ecology, markets and technology
More than 450 suppliers of energy storage technology and energy storage systems will be represented at Europe’s largest and most international exhibition for batteries and energy storage systems and the parallel exhibitions held under the umbrella of The smarter E Europe. With over 50,000 visitors, ees Europe also offers a comprehensive accompanying program – from the ees Europe […]
Energy storage is key for the future of the concentrated solar power market
Concentrated solar power (CSP) with energy storage is an upcoming renewable technology that promises to provide cost-effective power generation with improved efficiency. CSP energy storage Although the technology has been in existence since the 1980s, growth of CSP was hindered by a number of factors such as high cost of capital, global economic slowdown resulting […]