NorthWestern Energy announces goal to reduce carbon intensity of Montana generation portfolio by 90% by 2045 BUTTE, Mont.: NorthWestern Energy will file an application for pre-approval with the Montana Public Service Commission to acquire Puget Sound Energy’s 25% interest, 185 megawatts of generation, in Colstrip Unit 4 for one dollar. In addition, NorthWestern Energy is committing to […]
Energy Storage
Enel Builds New York City’s Biggest Battery, With a Twist
The city is a tough nut for storage developers, but Enel proved it has the cracker. Enel X has completed the largest battery storage project in New York City, using an unusual business model to break through in a tough market. New York City consumes a tremendous amount of electricity in a congested part of […]
Lithium Australia enters energy storage market with DLG partnership
Soluna Australia has been established to sell lithium-ion batteries and Soluna energy storage products into the Australian renewables energy market. Lithium Australia NL (ASX:LIT) has entered the energy storage market after completing formalities for joint battery marketing operations with China-based battery and energy storage specialists DLG Group. The partners have established a 50:50 incorporated joint […]
Swedish firm to launch thermal energy storage
A Swedish firm is set to a new thermal energy storage solution this month in Morocco. Gothenburg-headquartered Azelio claim the new energy storage system produces electricity without emissions at less than half the cost of diesel generation. The thermal energy storage consists of recycled aluminium and can be charged with thermal energy from solar power […]
BlackRock aims $2.5 billion at solar, wind, battery storage
The good news is that the world’s largest fund manager, BlackRock, just closed $1 billion of a record $2.5 billion fund dedicated to solar, wind, and energy storage projects. The bad news is that the $2.5 billion fund is a tiny fraction of BlackRock’s $6.96 trillion balance sheet and small change compared to BlackRock’s $17.5 […]
Mercedes-Benz Cars starts production of plug-in hybrid-batteries in Thailand
The company invested more than €100 million in the battery production and a plant expansion Mercedes-Benz Cars production network has put the third production facility into operation: A factory for plug-in hybrid batteries has been opened in the Bangkok region in Thailand. Together with the local partners Thonburi Automotive Assembly Plant (TAAP) and Thonburi Energy […]
GM, LG Chem to build $2.3 billion electric vehicle battery plant in Ohio
WARREN, Mich. : General Motors Co (GM.N) and South Korea’s LG Chem (051910.KS) said on Thursday they will invest $2.3 billion to build an electric vehicle battery cell joint venture plant in Ohio, creating one of the world’s largest battery facilities. The plant, to be built near GM’s closed assembly plant in Lordstown in northeast […]
The U.S. just had its strongest ever third quarter for energy storage
California power shutoffs to spur 2020 growth while utility-scale takes off Q3 2019 was the strongest third quarter on record for the U.S. energy storage market, with 100.7 megawatts and 264.6 megawatt-hours of storage deployed. The residential storage market slightly outpaced Q2 deployment levels to deliver a new record for quarterly residential deployments — nearly […]
Battery prices falling sharply, says report
Cheaper batteries mean more sectors will get electrified with renewable energy, the analysis notes Battery prices are falling sharply and will continue to fall, according to a new study by Bloomberg NEF (BNEF) published on December 3, 2019. Prices declined sharply between 2010 and 2019, the paper said. In 2010, battery prices were above $1,100 […]
Blackstone Minerals partners with S. Korean firm for lithium ion battery production
Australia’s Blackstone Minerals Ltd on Monday said it signed a non-binding joint venture agreement with South Korea’s Ecopro BM Co to develop nickel, cobalt or other minerals for battery manufacturing. The Western Australia-based firm said Ecopro BM, South Korea’s largest electric vehicle battery cathode producer, will develop a downstream processing facility with Blackstone’s Ta Khoa […]