1. Articles from Bloomberg

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    1. Canada Firm Uses Salt, Tesla, Flywheels in Clean Energy Race

      Canada Firm Uses Salt, Tesla, Flywheels in Clean Energy Race

      A Canadian firm is hoping to cash in on the burgeoning market for electricity storage -- no matter which technology breaks out first. NRStor Inc. is positioning itself to be the go-to distributor, developer and operator of lithium-ion batteries, magnetically-levitated flywheels and other technologies seeking to solve the age-old question of how to save electricity for later use. The Toronto-based company is the only distributor of Tesla’s Powerwall residential battery in Canada and is working to turn a giant salt cavern into a compressed air energy storage system.

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      Mentions: CA U.S. Europe
    2. Big Battery Installations Surge After Gas Leak in California

      Big Battery Installations Surge After Gas Leak in California

      The biggest natural gas leak in U.S. history led to a boom in large-scale energy-storage systems, the technology that’s long considered the elusive link to integrating solar and wind power into electric grids. U.S. homes and businesses -- primarily utilities -- installed storage systems with 336 megawatt-hours of capacity in 2016, double the amount from the previous year, according to a study released Tuesday by GTM Research and the Energy Storage Association. That’s about enough batteries to power a city the size of San Diego for an hour.

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    3. The Age of the Giant Battery Is Almost Upon Us

      The Age of the Giant Battery Is Almost Upon Us

      The idea that giant batteries may someday revolutionize electrical grids has long enthralled clean-power advocates and environmentalists. Now it’s attracting bankers with the money to make it happen. Lenders including Investec Plc, Mitsubishi UFJ Financial Group Inc. and Prudential Financial Inc. are looking to finance large-scale energy-storage projects from California to Germany, marking a coming-of-age moment for the fledgling industry. The systems help utilities solve a longstanding clean-power conundrum: managing the unpredictable output from wind and solar farms, and retaining electricity until it’s needed.

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    4. Tesla Flips the Switch on the Gigafactory

      Tesla Flips the Switch on the Gigafactory

      The Gigafactory has been activated. Hidden in the scrubland east of Reno, Nev., where cowboys gamble and wild horses still roam—a diamond-shaped factory of outlandish proportions is emerging from the sweat and promises of Tesla CEO Elon Musk. It’s known as the Gigafactory, and today its first battery cells are rolling off production lines to power the company’s energy storage products and, before long, the Model 3 electric car.

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    5. Batteries May Trip ‘Death Spiral’ in $3.4 Trillion Credit Market

      Batteries May Trip ‘Death Spiral’ in $3.4 Trillion Credit Market

      Battery technologies starting to disrupt the electricity and automobile industries may also emerge as a trillion-dollar threat to credit markets, according to Fitch Ratings. A quarter of outstanding global corporate debt, or as much as $3.4 trillion, is linked to the utility- and auto-industry bonds that rely on fossil fuel activities, the ratings agency wrote in a report published Tuesday. Batteries have the potential to “tip the oil market from growth to contraction earlier than anticipated,” according to Fitch. “The narrative of oil’s decline is well rehearsed -- and if it starts to play out there is a risk that capital will act long before” and in the worst case result in an “investor death spiral.”

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    6. Batteries Win Biggest Energy Storage Competition of the Year

      Batteries Win Biggest Energy Storage Competition of the Year

      Batteries won big in the U.K.’s contest to provide power that can be dispatched quickly to help keep the electricity grid stable, a step that will help the nation expand the amount of renewable energy it’s using. The companies that won National Grid Plc’s enhanced frequency-response tender include EDF Energy Renewables Ltd., Vattenfall AB, EON SE, Low Carbon, Element Power Ltd., RES and Belectric Solar Ltd. Of the 64 sites with storage units that bid, 61 were batteries, marking the first time National Grid will used the technology at that scale. They will supply electricity at 1 second’s notice.

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      Mentions: UK
    7. Biggest Battery Contracts Move U.K. Closer to Grid-Scale Storage

      Biggest Battery Contracts Move U.K. Closer to Grid-Scale Storage

      Grid-scale electricity storage will move closer to commercial reality on Friday when the U.K.’s grid operator offers contracts to companies to help balance the network, a key measure needed to help balance increasing supply from renewables. National Grid Plc will announce the winners of a bidding round for as much as 200 megawatts of storage capacity, which is about the size of a small power plant. It’s likely to be the storage industry’s biggest award this year in global market expected to install $5.1 billion of equipment in 2020, according to Bloomberg New Energy Finance. Storage plays a key role in the greening of utilities’ networks by allowing grid managers to handle higher volumes of intermittent power from the wind and sun.

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      Mentions: UK
    8. Batteries Storing Power Seen as Big as Rooftop Solar in 12 Years

      Batteries Storing Power Seen as Big as Rooftop Solar in 12 Years

      Batteries capable of storing power at utility scale will be as widespread in 12 years as rooftop solar panels are now, revolutionizing the way consumers use energy. That’s the the conclusion of Bloomberg New Energy Finance, which forecasts the battery market may be valued at $250 billion or more by 2040. It expects 25 gigawatts of the devices to be deployed by 2028, about the size of the small-scale photovoltaic industry now.

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    9. Total to Buy Battery Maker Saft in Push to Expand Clean Energy

      Total to Buy Battery Maker Saft in Push to Expand Clean Energy

      Total SA agreed to buy French battery maker Saft Groupe SA in a 950 million-euro ($1.1 billion) deal, ratcheting up investments in clean energy by one of the world’s largest oil companies. Saft will become Total’s “spearhead in electricity storage,” Patrick Pouyanne, chief executive officer of the Courbevoie, France-based oil producer, said Monday. The purchase allows Total to speed up its expansion in renewables, which began in 2011 with its purchase of solar-panel maker SunPower Corp.

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      Mentions: France Norway Saft
    10. Tesla Powerwalls for Home Energy Storage Are Hitting U.S. Market

      Tesla Powerwalls for Home Energy Storage Are Hitting U.S. Market

      To Steve Yates, the best thing about his new Tesla Powerwall is that he doesn’t have to worry anymore about the lights going out during a storm. Or maybe it’s how cool an addition it is to the entryway of his house in Monkton, Vermont. “I’ve always wanted to have a backup power source,” said Yates, who was without electricity for 36 hours during Hurricane Irene in 2011. He also admires the Powerwall’s sleek white contours. “It’s kind of art-deco looking.”

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      Mentions: CA Australia NV
    11. Banks Embrace Energy Storage When It Has Long-Term Contracts

      Banks Embrace Energy Storage When It Has Long-Term Contracts

      Energy storage may be an emerging technology, but that doesn’t necessarily mean banks and investors are scared of it. “When you go to the banks, they say, ‘We can get comfortable with the technology,’” John Zahurancik, president of Arlington, Virginia-based AES Energy Storage LLC, said in an interview Tuesday at the Bloomberg New Energy Finance summit in New York. “Nobody wants to be at the back of the bus.” Banks are looking for long-term assurance that the systems will bring in money, especially long-term contracts. “The revenue certainty is the question,” Zahurancik said. “When there’s more to do, you’ll see financing coming.”

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    12. Big Batteries, the Elusive Key to Clean Energy, Boomed in 2015

      Big Batteries, the Elusive Key to Clean Energy, Boomed in 2015

      Large-scale energy-storage systems, long considered the elusive link to integrating solar and wind power into electric grids, are slowly becoming a reality. U.S. homes and businesses -- mainly utilities -- installed storage systems with 221 megawatts of capacity in 2015, according to a study released Thursday by Boston-based GTM Research and the Energy Storage Association. That’s about enough to power a city the size of Cincinnati, Ohio, for an hour and is more than triple the 2014 total. The U.S. has about 580 megawatts of energy storage installed now, up from 80 megawatts in 2008. The increase comes as power companies struggle to incorporate energy from wind and solar farms, where production ebbs and flows based on breezes and sunshine.

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    13. SolarCity to Use Tesla's Batteries to Enable Solar at Night

      SolarCity to Use Tesla's Batteries to Enable Solar at Night

      SolarCity Corp., the solar energy company whose largest shareholder is Tesla Motors Inc.Chief Executive Elon Musk, has picked batteries made by his electric-car maker to provide 13 megawatts of electric storage for an array of solar panels to be built on the Hawaiian island of Kauai. The combined solar and energy storage system is designed to give KIUC, the Kaua‘i Island Utility Cooperative, dispatch-able electricity in the evening, and after the sun goes down. KIUC has a 20-year contract with SolarCity to buy the solar-generated electricity at a competitive price of 14.5 cents per kilowatt hour. SolarCity has chosen Tesla as its battery provider. The project now needs approval by the Hawaii Public Utilities Commission.

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    14. Mitsubishi and Eaton to Sell AES Storage in Asia and Europe

      Mitsubishi and Eaton to Sell AES Storage in Asia and Europe

      AES’s battery-storage technology is intended to balance a grid, either absorbing electricity or releasing it, and can complement the intermittent energy supplies from wind and solar farms. The company has 384 megawatts of systems in operation, construction or development in six countries. Mitsubishi will offer AES’s Advancion lithium ion storage technology in Asia and Oceania, and Eaton will do the same in Europe, the Middle East and Africa, according to statements Tuesday.

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      Mentions: Asia Africa Europe
    15. Canadian Grid Operator Signs $50 Million Deal for Energy Storage

      Canadian Grid Operator Signs $50 Million Deal for Energy Storage

      The Independent Electricity System Operator in the Canadian province of Ontario plans to install six energy storage systems to stabilize its grid. Leclanche SA, the Swiss company providing the technology, signed a deal with the grid operator valued at $50 million to $75 million, Chief Executive Officer Anil Srivastava said Thursday in a phone interview. The combined capacity of the six systems will be 53 megawatts.

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    16. Lower-Cost Wind and Solar Will Drive Energy Storage Technology

      Lower-Cost Wind and Solar Will Drive Energy Storage Technology

      Large wind and solar farms can compete in the power market even with low natural gas prices and will drive the adoption of technology to store renewable energy, according to an analysis by financial advisers Lazard Ltd. The cost to build a utility-scale solar photovoltaic plant has fallen by about 80 percent since 2009 while wind projects have dropped by 60 percent, the financial advisory and asset management company said in a report. Lower costs make large renewable power projects competitive with conventional generators without subsidies.

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      Mentions: U.S. NY
    17. US Offering Another $1 Billion for Advanced Energy Technology

      US Offering Another $1 Billion for Advanced Energy Technology

      The U.S. Energy Department is offering another $1 billion to companies developing innovative energy systems, Secretary Ernest Moniz will announce Wednesday. The department’s loan programs office now has $4.5 billion available for loan guarantees for renewable energy, up from $4 billion. Funding for the advanced fossil energy projects initiative has been boosted to $8.5 billion from $8 billion. The programs also support energy storage, smart grid technology and methane capture for oil and natural gas wells.

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      Mentions: DoE U.S.
    18. Brooklyn to Avoid Blackouts With Utility-Disrupting Microgrids

      Brooklyn to Avoid Blackouts With Utility-Disrupting Microgrids

      Red Hook is planning to use a mix of solar panels, battery storage and small wind turbines to create a “microgrid” that can power local apartment buildings, businesses and a community center, as well as ensure the neighborhood can successfully endure another big storm. New York state has approved preliminary plans for 83 such microgrids. While most, including Red Hook’s, remain in the planning stages, some have drawn support from companies that include General Electric Co., NRG Energy Inc., Siemens AG and Hitachi Ltd.

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      Mentions: CA U.S. GE
    19. Greensmith Gets $12.3 Million to Expand in Storage, Led by AEP

      Greensmith Gets $12.3 Million to Expand in Storage, Led by AEP

      Greensmith Energy Management Systems LLC, a U.S.-based developer of power storage systems and software, raised $12.3 million to expand its operations as demand for the technology swells. The Series C funding round was led by a $5 million strategic investment from American Electric Power Co., Reston, Virginia-based Greensmith said in a statement Monday. The backing from a major utility company is an endorsement of Greensmith’s technology, as well as a sign of power companies’ growing interest in storage systems, Chief Executive Officer John Jung said in an interview.

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    20. Advanced Microgrid to Buy Tesla Batteries for Storage Projects

      Advanced Microgrid to Buy Tesla Batteries for Storage Projects

      Advanced Microgrid Solutions, a provider of energy-storage systems, agreed to buy as much as 500 megawatt-hours of battery capacity from Tesla Motors Inc. About 40 percent of that order will be used in developing 50 megawatts of storage for Edison International’s Southern California Edison unit, an agreement reached in November, Advanced Microgrid Chief Executive Officer Susan Kennedy said Thursday in a telephone interview. The deal shows that Tesla’s battery technology, initially designed for its electric vehicles, is also gaining traction for other applications. Advanced Microgrid evaluated numerous suppliers and “it was very clear from the beginning that Tesla’s was just a standout technology,” Kennedy said.

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    1-24 of 80 1 2 3 4 »
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