1. Articles from Bloomberg

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    1. 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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    2. 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
    3. 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.
    4. 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
    5. 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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    6. 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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    7. 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. 

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      Mentions: New Mexico U.S. TX
    8. 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.

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      Mentions: PA U.S. Georgia
    9. 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.

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      Mentions: CA Tesla
    10. 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.

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      Mentions: CA WI Duke Energy
    11. 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.

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      Mentions: CA U.S. ESA
    12. Tesla Wants to Build a Battery for Your House

      Tesla Wants to Build a Battery for Your House

      Tesla Motors Inc., best known for making the all-electric Model S sedan, is using its lithium-ion battery technology to position itself as a frontrunner in the emerging energy-storage market that supplements and may ultimately threaten the traditional electric grid. “We are going to unveil the Tesla home battery, the consumer battery that would be for use in people’s houses or businesses fairly soon,” Chief Executive Officer Elon Musk said during an earnings conference call with analysts Wednesday. Combining solar panels with large, efficient batteries could allow some homeowners to avoid buying electricity from utilities. Morgan Stanley said last year that Tesla’s energy-storage product could be “disruptive” in the U.S. and in Europe as customers seek to avoid utility fees by going “off-grid.” Musk said the product unveiling would occur within the next month or two.

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      Mentions: U.S. Europe Tesla
    13. Japan to Support Energy Saving, Storage-Battery Installations

      Japan to Support Energy Saving, Storage-Battery Installations

      Japan’s Ministry of Economy, Trade and Industry plans to set aside about 93 billion yen ($779 million) to help factories and small-sized businesses install devices to improve energy efficiency. The ministry is asking for the budget to set up devices such as light-emitting diode lamps and boilers with better efficiency, according to a summary of requests included as part of a supplementary budget for the year ending March 31. It will be considered by cabinet today. METI also plans to spend about 81 billion yen in response to grid issues the country is facing in order to accommodate more renewable energy.

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      Mentions: Japan
    14. Musk Battery Works Fill Utilities With Fear and Promise

      Musk Battery Works Fill Utilities With Fear and Promise

      Here’s why something as basic as a battery both thrills and terrifies the U.S. utility industry. At a sagebrush-strewn industrial park outside of Reno, Nevada, bulldozers are clearing dirt for Tesla Motors Inc. (TSLA)’s battery factory, projected to be the world’s largest. Tesla’s founder, Elon Musk, sees the $5 billion facility as a key step toward making electric cars more affordable, while ending reliance on oil and reducing greenhouse gas emissions. 

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      Mentions: CA NV HI
    15. Beacon Sees Alaska Storage Flywheels Portending Wider Use

      Beacon Sees Alaska Storage Flywheels Portending Wider Use

      Beacon Power LLC predicts an Alaskan island’s use of its flywheels to store energy from a power plant will pave the way for more widespread application of the technology to help cut the use of fossil fuels. Storing energy from intermittent renewable sources to let power plants run more evenly could be used in large projects as well as small, closed electricity systems known as microgrids, Chief Executive Officer Barry Brits said yesterday in an interview. The 165-kilowatt flywheels project to store energy from TDX Power Inc.’s hybrid wind and diesel plant on Saint Paul Island in the Bering Sea will cut fuel use by 30 percent, Beacon, a Tyngsboro, Massachusetts-based company that was sold in bankruptcy in 2012, said today in a statement. It said the implementation of the project has already started.

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      Mentions: PA MA Beacon Power
    16. Imergy Talking to Mining Companies on Vanadium and Power Storage

      Imergy Talking to Mining Companies on Vanadium and Power Storage

      Imergy is in discussions with five mining companies that may supply it with the Vanadium it uses in its technology, Bill Watkins, chief executive officer of the company based in Fremont, California, said in an e-mail. It’s also working with a number of mining companies as potential customers for its systems, he said, declining to name them.

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      Mentions: CA U.S. South America
    17. ViZn Seeks $25 Million for Battery-Storage Production

      ViZn Seeks $25 Million for Battery-Storage Production

      ViZn Energy Systems Inc., the Montana-based producer of battery-storage systems, is seeking as much as $25 million during the next six months to expand manufacturing. ViZn expects to increase production of its zinc-iron flow batteries, which store and send power to a grid, late in the fourth quarter or early in the first, Chief Executive Officer Ron Van Dell said in a phone interview today. He declined to specify the amount of the increase or name potential customers. A $25 million investment would be enough to get the five-year-old closely held company “fully funded, with some headroom,” said Van Dell, who previously worked for Dell Inc. and General Electric Co. “We’ll be on our way to just pure execution until we’re cash-flow positive.”

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      Mentions: U.S. Europe GE
    18. SunPower Offers Batteries to Hold Solar Power Until Night

      SunPower Offers Batteries to Hold Solar Power Until Night

      SunPower Corp., the second-largest U.S. solar manufacturer, is offering energy-storage systems to California homeowners that will power houses at night with electricity generated from sunlight during the day. The company is testing systems that combine rooftop solar panels with battery storage in new homes built by KB Home (KBH), San Jose, California-based SunPower said in a statement today.

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      Mentions: CA Australia U.S.
    19. Gigaboom: Obama Adds One More Reason to Like Musk's Battery Factories

      Gigaboom: Obama Adds One More Reason to Like Musk's Battery Factories

      The world is on the brink of a serious surge in batteries -- and not just the kind that powers mobile phones, laptops and sports cars. Batteries of the near future will power homes and hospitals and even provide relief for the grid, with in an industry that may be worth $200 billion in 2020. The battery boom got an extra boost from the Environmental Protection Agency, with new regulations proposed this month to limit power-plant pollution. In a departure from previous rules, the EPA leaves it to individual states to determine how they will cut emissions. Some states will build more efficient buildings, others will shift from coal to cleaner-burning natural gas. An often-overlooked beneficiary is battery makers.

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      Mentions: U.S. VA WV
    1-24 of 66 1 2 3 »
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