A push to establish an Investment Tax Credit (ITC) for energy storage has not only been welcomed by clean energy advocates and the industry, but might also meet the some stated aims of the Trump administration’s energy policies, an analyst has said. Michael Doyle, a Democrat, has proposed in the US House of Representatives the […]
Energy Storage
NEC ‘beating cheaper competitors’ to China projects
NEC has now executed five grid-scale battery energy storage projects in China and been awarded another, winning deals in spite of what a company representative described as “aggressive” price competition from domestic vendors. The Massachusetts-headquartered distributed energy division of the Japanese NEC Corporation, NEC Energy Solutions, has commissioned two 9MW projects in Ordos City, Inner […]
Polycab IPO witnesses 52 times subscription on last day of share sale
While institutional portion of the Polycab IPO was subscribed 93 times, HNI and retail portions saw subscription of 110.7 and 4.4 times, respectively Shares in the Polycab IPO were issued in a price band of ₹533-538 apiece, valuing the wires maker at close to ₹8,000 crore Mumbai: The initial public offering (IPO) of Polycab India Ltd, the International […]
Cheap Renewables Shave $10 Trillion Off Cost to Curb Warming
The cost of reaching global climate goals is falling rapidly as wind and solar prices plummet and policy makers push electrification as the main tool to cut pollution, the International Renewable Energy Agency said. The group known as Irena revised down its estimates for global investments needed by 2050 in clean energy to meet targets […]
MP govt invites bids for 25 MW rooftop solar projects
Madhya Pradesh government Tuesday said it has invited bids for 25 MegaWatt (MW) rooftop solar projects for industrial units in the state. The tenders have been invited by state-owned Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) and the last day to submit financial bids is May 10, 2019. “Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) […]
Powin Energy to Deliver 10MWh Battery Storage System for GlidePath Power Solutions
GlidePath deal expands Powin’s list of IPP Customers in U.S. TUALATIN, Ore.: Powin Energy Corporation, a US-based energy storage technology provider, will deliver 10 megawatts (MW)/10 megawatt hours (MWh) of energy storage system to GlidePath Power Solutions for a U.S.-distributed energy storage project to be constructed in 2019, in Electric Reliability Council of Texas (ERCOT) territory. GlidePath is […]
BioSolar Begins Production and Testing of Lithium-ion Battery Prototype Incorporating Its Performance Boosting Technology
Company will use the new high density 21700 battery format for its prototypes Santa Clarita, CA: BioSolar, Inc. (OTCQB:BSRC) (“BioSolar” or the “Company”), a developer of breakthrough energy storage technology and materials, today announced that its technology partner has commenced production and testing of the first batch of commercial grade prototype lithium-ion cells for power […]
Energy storage firm RedT raises £3.2m
RedT the AIM-listed company attempting to scale its vanadium redox flow storage technology has raised £3.2m. The company announced the fundraise last month via placing and share offer with £1.5m the minimum requirement. RedT is restructuring and said it needs working capital to get through the next few months and fulfil orders, which it says […]
New York’s latest Innovation Challenge targets long duration energy storage startups
The development of systems capable of storing over six hours of energy economically is being supported in New York with an Innovation Challenge launched by the New York Power Authority (NYPA) and Urban Future Lab, a cleantech innovation centre. Also aimed at supporting promising new technologies and business models for electric vehicles (EVs) and their […]
There Are More Than 500,000 Potential Wind and Solar Energy Storage Spaces on Earth, Study Finds
Don’t let President Trump’s comments regarding wind energy fool you. Renewable energy is very much on the rise in the U.S. — in fact, it actually about doubled over the past decade across the country. And according to a new report, there are approximately 530,000 potential pumped hydro energy storage (PHES) sites around the world, […]