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Georgia Power Ups Plan for Renewables and Storage After Local Stakeholder Push

July 17, 2019 Anand Gupta

Southern Company-owned utility’s larger-than-expected storage rollout points toward a big new market in the Southeast. Georgia’s utility regulators approved a long-term plan that will see Georgia Power drastically expand renewable generation and develop, own and operate up to 80 megawatts of energy storage. The final 2019 Integrated Resource Plan calls for 2,260 megawatts of new […]

Energy Storage

Why Long Island Could Become New York’s First Energy Storage Hot Spot

July 12, 2019 Anand Gupta

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 […]

Energy Storage

Energy Capital Partners buys energy storage expert Convergent

July 11, 2019 Anand Gupta

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 […]

Energy Storage

AP govt cancels energy storage proposal

July 11, 2019 Anand Gupta

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 […]

Energy Storage

Massachusetts policy leads Stem towards 28.2MWh of solar co-located energy storage

July 11, 2019 Anand Gupta

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 […]

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Analysts: China’s Energy Storage Market to “Skyrocket” by 2024

July 11, 2019 Anand Gupta

Wood Mackenzie forecasts a 25-fold increase in the total installed base. China is set to become the leading energy storage market in the Asia-Pacific region by 2024. That’s according to new research from Wood Mackenzie Power & Renewables. China is set to become the leading energy storage market in the Asia-Pacific region by 2024. That’s […]

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Energy Storage

Energy storage is key to the future of power

July 10, 2019 Anand Gupta

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 […]

Energy Storage

New York Offers $55M for Long Island Energy Storage Projects

July 8, 2019 Anand Gupta

New York state is offering up to $55 million in incentives for commercial and residential energy storage projects on Long Island. The funding, announced Wednesday, is intended to reduce the costs of storage systems for renewable energy. Gov. Andrew Cuomo says the idea is to use the state’s resources to make it easier to expand […]

Energy Storage

Energy storage is key to reaching renewable energy goals

July 6, 2019 Anand Gupta

Lower storage costs and battery innovations needed to reduce carbon emissions WASHINGTON: As Colorado pushes toward its goal of 100% reliance on renewable energy by 2040, deploying grid-scale energy storage should play a crucial role, experts say. Energy storage experts and utility company executives urged the U.S. Senate Energy and Natural Resources Committee last month […]

Energy Storage

Energy storage on a large scale is needed for a renewable grid

July 4, 2019 Anand Gupta

The way the world gets its electricity is undergoing a great transition today, driven by the need to reduce our dependence on fossil fuels and by the plummeting costs of wind and solar technologies. The next big advance will have to be in energy storage. In the last ten years, the amount of electricity generated […]

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