Yesterday, Senators Heinrich (D-NM) and Gardner (R-CO) introduced bipartisan legislation to create an energy storage investment tax credit (ITC). It currently has 10 cosponsors representing a diverse collection of states. The legislation, labeled the Energy Storage Tax Incentive and Development Act, is a companion bill to legislation introduced by Rep. Doyle in the House last […]
Energy Storage
The Addressable Market For Utility Energy Storage Could Scale To $800 Billion
Summary: Last July, California utility PG&E proposed four energy storage projects to replace natural gas plants in the South Bay. Economically, battery solutions already are competitive with new natural gas plants. In the future, underutilized electricity generation probably will be replaced by batteries. By Sam Korus, ARK Analyst, Industrial Elon Musk has stated that Tesla’s […]
SES Will Pioneer Mass Production of Lithium Battery in 2019
Lithium battery will become mainstream technology on the global battery market in 2020, prevailing over lithium-ion battery, according to Hu Qichao, founder and CEO of SES. Hu reported that SES will start production of lithium battery in Q3 2019, at output of 5,000 batteries a month initially before doubling the amount later on and tapping […]
ACORE Statement on Today’s Introduction of a Bipartisan Senate Energy Storage Tax Credit Bill
Statement from Gregory Wetstone, President and CEO of the American Council on Renewable Energy (ACORE) “A federal tax credit for energy storage would have a transformative impact on America’s economy, promoting private sector investment and helping monetize the value of energy storage technology. Energy storage improves grid flexibility and provides a wide range of services […]
Exide’s Portuguese lead acid battery factory to be powered by its own PV-plus-storage
Portugal’s EDP has inked a deal for its largest PV project to date, a 3.8MWp solar-plus-storage duo it will develop for lead acid battery and storage system maker Exide Technologies. The agreement signed this week will see EDP deploy and run two PV installations powering Exide’s industrial units in Castanheira do Ribatejo and Azambuja, some […]
Researchers charge ahead on battery storage
The Future Battery Industries CRC will involve 58 industry, government and research partners, and has the backing of a $25 million grant from the Federal Government and more than $110 million in support from the research centre’s partners. The CRC, which will help tackle industry-identified gaps in the battery industries value chain, will focus on three research programs: […]
INNOVATION: Vattenfall to test salt-based power storage technology
Efficient energy storage is vital in increasing the appeal of renewable power and Vattenfall’s pilot programme will use a technique developed by another Swedish firm, SaltX Technology OSLO: Swedish power producer Vattenfall has commissioned a plant to test the storage in salt of electricity from solar plants and wind turbines, hoping to overcome the stop-start […]
NOHMs Technologies to Develop Energy Storage Battery for Indoor Use
Researching More Efficient Battery Technology to Stabilize Electrical Grid, Address Climate and Energy Stress, and Deliver Value to New Yorkers ROCHESTER, N.Y.: NOHMs Technologies, Inc. (NOHMs) today announced it will develop batteries that are optimized for indoor use and conform to New York State building and fire codes. Funded by the New York State Energy […]
ACORE Statement on Today’s Introduction of a Bipartisan Senate Energy Storage Tax Credit Bill
Statement from Gregory Wetstone, President and CEO of the American Council on Renewable Energy (ACORE) Washington, D.C.: “A federal tax credit for energy storage would have a transformative impact on America’s economy, promoting private sector investment and helping monetize the value of energy storage technology. Energy storage improves grid flexibility and provides a wide range of […]
MGX Minerals Announces Conditional Exchange Approval for Listing of Zinc-Air Flow Battery Subsidiary
VANCOUVER: MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / OTCQB: MGXMF / FSE: 1MG) reports that its wholly owned subsidiary MGX Renewables Inc. (“MGXR”), a leader in the development of zinc-air flow batteries for applications requiring long duration, high capacity storage, has received conditional approval to list its shares on the Canadian Securities Exchange (“CSE”). MGXR expects the listing to be […]