1. Articles from Bloomberg

    bloomberg.com

  2. 1-24 of 75 1 2 3 4 »
    1. 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.

      Read Full Article
      Mentions: UK
    2. 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.

      Read Full Article
      Mentions: UK
    3. 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.

      Read Full Article
    4. 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.

      Read Full Article
      Mentions: France Norway Saft
    5. 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.”

      Read Full Article
      Mentions: CA Australia NV
    6. 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.”

      Read Full Article
    7. 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.

      Read Full Article
    8. 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.

      Read Full Article
    9. 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.

      Read Full Article
      Mentions: Asia Africa Europe
    10. 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.

      Read Full Article
    11. 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.

      Read Full Article
      Mentions: U.S. NY
    12. 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.

      Read Full Article
      Mentions: DoE U.S.
    13. 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.

      Read Full Article
      Mentions: CA U.S. GE
    14. 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.

      Read Full Article
    15. 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.

      Read Full Article
    16. Compressed Air to Challenge Batteries in Energy Storage Race

      Compressed Air to Challenge Batteries in Energy Storage Race

      A technology used in ancient Greece to power clocks and fire a cannon is undergoing a revival as the world searches for better ways to store energy from wind turbines and solar panels. Compressed air, already used to power carnival rides, jackhammers and medical equipment, joins the crowded field of innovations chasing what may be a $21.5 billion market in 2024. 

      Read Full Article
      Mentions: New Mexico U.S. TX
    17. FERC Gets U.S. High Court Hearing on Energy-Conservation Rule

      FERC Gets U.S. High Court Hearing on Energy-Conservation Rule

      The Obama administration will get a U.S. Supreme Court hearing as it tries to save a rule that rewards industrial consumers for cutting electricity use. A federal appeals court said the Federal Energy Regulatory Commission lacked authority to issue the rule. It requires wholesale-market operators to pay electricity users that cut consumption during high-demand periods at the same rate as generators that produce power. The practice, known as “demand response,” means stiffer competition for generators.

      Read Full Article
      Mentions: PA U.S. Georgia
    18. Tesla Motors to Unveil Home and Utility Batteries April 30

      Tesla Motors to Unveil Home and Utility Batteries April 30

      Tesla Motors Inc. will announce a home battery and a “very large” utility-scale battery on April 30, according to an e-mail sent to investors and analysts. The maker of luxury electric cars is using its lithium-ion battery technology to position itself as a front-runner in the emerging market for energy storage that supplements, and may ultimately threaten, the traditional electric grid.

      Read Full Article
      Mentions: CA Tesla
    19. Solar and Storage Top Requests for Renewable Projects, BNEF Says

      Solar and Storage Top Requests for Renewable Projects, BNEF Says

      North American utilities and organizations seeking to add clean energy last year overwhelmingly preferred solar and power-storage projects, according to Bloomberg New Energy Finance. Of 52 requests for proposals, or RFPs, that totaled 3.3 gigawatts of capacity, 27 were for solar and 12 were for energy-smart technologies including storage, according to a report from the London-based research firm. These requests are typically a strong indicator of industry trends, said Will Nelson, BNEF’s head of analysis.

      Read Full Article
      Mentions: CA WI Duke Energy
    20. Tesla Among Winners as Energy Storage Triples, GTM Research Says

      Tesla Among Winners as Energy Storage Triples, GTM Research Says

      Energy storage in the U.S. will more than triple this year as regulators allow use of the technology by utilities and homeowners, according to a study by GTM Research and the Energy Storage Association. Changes in regulatory policy, particularly in California, and the growth of renewable energy are driving demand, said Ravi Manghani, an analyst with Boston-based GTM and lead author of the report. Tesla Motors Inc., which is proposing to build a battery factory, will be among the beneficiaries of increased storage sales.

      Read Full Article
      Mentions: CA U.S. ESA
    1-24 of 75 1 2 3 4 »
  1. Categories

    1. Electricity Source:

      Solar Photovoltaic, Wave, Tidal, Hydro, Wind
    2. Storage Market:

      Commercial & Industrial, Military, Residential & Community & Microgrid, Smart Grid, Utility Grid, Vehicle-to-Grid/Home
    3. Storage Technology:

      Compressed Air/Gas, Flow Battery, Flywheel, Hydrogen, Lead, Liquid Metal, Lithium, Magnesium, Mechanical Storage, Nickel, Sodium, Supercapacitors, Vanadium, Zinc
    4. Article Types:

      Null, Reports and Conferences