1. Articles from Bloomberg

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    1. The Race to Build the World's Largest Solar-Storage Plant Is On

      The Race to Build the World's Largest Solar-Storage Plant Is On

      The race to build the biggest solar-battery plant is officially on. And the latest to join the competition is renewable energy giant NextEra Energy Inc., which said Thursday that it’ll build a project in Florida that will claim the title of the largest solar-powered battery in the world. The 409-megawatt battery will be added to an existing 74.5-megawatt solar plant on the west coast of the state near Tampa, a company statement shows.

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      Mentions: Florida Nextera
    2. World's Biggest Battery to Boost Solar in Texas Oil Country

      World's Biggest Battery to Boost Solar in Texas Oil Country

      The world’s largest battery could soon be storing solar energy deep in the heart of Texas oil country. The 495-megawatt storage system would be built in tandem with a solar farm of the same size in Borden County, Texas. The Electric Reliability Council of Texas Inc., which operates most of the state’s grid, posted the details in a chart that shows the state’s battery storage will surge more than sixfold to 584 megawatts when the projects are completed in 2021.

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      Mentions: Texas
    3. Battery-Backed Solar Breaks Into Grid Long Seen Off Limits

      Battery-Backed Solar Breaks Into Grid Long Seen Off Limits

      Solar is breaking into a power market that’s long been the domain of big, conventional generators. A key reason: batteries. New England just approved 145 megawatts of solar systems to provide capacity to the local grid that are paired with batteries that store electricity to use after sundown. It’s the first time sunshine has been a significant participant in ISO New England Inc.’s annual forward capacity auction.

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      Mentions: ISO-NE
    4. Canada Battery Maker Says Flow Storage Costs to Tumble by Half

      Canada Battery Maker Says Flow Storage Costs to Tumble by Half

      CellCube Energy Storage Systems Inc., a Canada-listed maker of batteries that can last for as long as two decades, said the cost of its technology may halve within four years, potentially boosting its uptake over lithium-ion units. Costs of its vanadium redox flow battery units, which can discharge power for four hours, will decline to $150 per kilowatt hour from $300, President Stefan Schauss said in a phone interview from Toronto this month. Batteries with eight hours of duration will slump to $100 from $200, he said.

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      Mentions: Canada
    5. Battery Boosters Pushing Congress to Give Industry a Tax Credit

      Battery Boosters Pushing Congress to Give Industry a Tax Credit

      Renewable-energy advocates are pushing Congress to create a tax credit for power-storage systems, a move that may help unlock new opportunities for wind and solar nationwide. A storage tax credit would boost the grid’s resiliency and reliability, they say, key buzzwords in the Trump administration’s campaign to save struggling nuclear and coal-fired power plants. But so far, congressional Republicans aren’t biting.

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      Mentions: Congress
    6. Trump's Steel Tariffs May Take a Swipe at Battery-Storage Market

      Trump's Steel Tariffs May Take a Swipe at Battery-Storage Market

      “The tariffs could slow down some of the aggressive cost declines,” Ray Hohenstein, market applications director at energy storage firm Fluence Energy LLC, said in an interview Wednesday at Infocast’s Solar Power Finance & Investment Summit in San Diego, California. To be sure, that shouldn’t have much lasting impact on the industry as other manufacturing costs decrease, Kelly Speakes-Backman, chief executive officer of the Energy Storage Association, said in a phone interview Wednesday. And there may be a workaround: Concrete, which features in the shipping-container-like structures that protect batteries in larger projects, could be used for smaller battery packs.

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      Mentions: California ESA
    7. Biggest U.S. Nuclear Owner Exelon Invests in Storage Startup

      Biggest U.S. Nuclear Owner Exelon Invests in Storage Startup

      Exelon Corp., the biggest U.S. nuclear operator, is investing in the batteries of the future. The company is a lead backer of Volta Energy Technologies, a startup that plans to evaluate and test new energy-storage technologies. Albemarle Corp., the Charlotte-based lithium supplier, is also a lead investor in Volta.

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      Mentions: DoE U.S. Argonne
    8. Seeking a Hockey Stick Growth Curve? EU Looks to Batteries

      Seeking a Hockey Stick Growth Curve? EU Looks to Batteries

      Investors seeking exponential growth may want to take a look at batteries, according to the European Union’s top energy official. The European Commission expects demand for batteries in Europe “to look like a hockey stick as of 2020 to 2030 and beyond,” EU energy union chief Maros Sefcovic said Monday at an e-mobility conference in Stuttgart, Germany. “Time has come for a step change in this field.”

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      Mentions: France Europe Germany
    9. NorthVolt Starts Biggest Fundraising for $4 Billion Battery Plan - Bloomberg

      NorthVolt Starts Biggest Fundraising for $4 Billion Battery Plan - Bloomberg

      NorthVolt AB, the Swedish battery factory developer founded by a former Tesla Inc. executive, is planning to close its first major fundraising round this autumn, potentially drawing in 100 million euros ($118 million). It’s a “partnership round” where the company is tapping its potential customers, such as carmakers, energy storage firms and industrial concerns, according to Chief Executive Officer Peter Carlsson. NorthVolt has previously raised about $14 million. Its investors include Sweden’s largest utility Vattenfall AB, which contributed 5 million kronor ($610,000). 

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      Mentions: Sweden Tesla
    10. Renewable Energy Not a Threat to Grid, Draft of U.S. Study Finds

      Renewable Energy Not a Threat to Grid, Draft of U.S. Study Finds

      Wind and solar power don’t pose a significant threat to the reliability of the U.S. power grid, Energy Department staff members said in a draft report, contradicting statements by their leader Rick Perry. "The power system is more reliable today due to better planning, market discipline, and better operating rules and standards," according to a July draft of the study obtained by Bloomberg. The findings -- which are still under review by the department’s leadership -- contrast with Perry’s arguments that "baseload" sources such as coal and nuclear power that provide constant power are jeopardized by Obama-era incentives for renewable energy, making the grid unreliable.

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      Mentions: DoE U.S. Texas
    11. Elon Musk Exposes Deep Coal Divide in Australia

      Elon Musk Exposes Deep Coal Divide in Australia

      Elon Musk’s intervention in Australia’s energy crisis is widening a divide over the future of coal. The billionaire Tesla Inc. founder, who has promised to help solve an Australian state’s clean energy obstacles, sees no place for the fossil fuel. That conflicts with the national government’s push for it remaining a mainstay source of electricity generation, as well as the “clean, beautiful coal” technologies that U.S. President Donald Trump sees helping to save American mining jobs.

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    12. The Great Nevada Lithium Rush to Fuel the New Economy

      The Great Nevada Lithium Rush to Fuel the New Economy

      John Rud has been riding the peaks and valleys of the commodities markets around North America since he left the University of Oregon 55 years ago with a master’s degree in geology. “The valleys are real broad, and the peaks are real narrow,” he likes to say. Copper in Canada. Silver in Texas. Gold in Mexico. Iron in Arizona. Uranium in Utah. In one 18-year stretch, Rud and his wife moved 27 times. “I got to where I could load up a house in a U-Haul truck starting at 4 p.m., be done by midnight, and be on the next job by morning,” he says. “I considered that quite a talent.” (His wife was rather less impressed and eventually left him.)

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    13. More U.S. States Embracing Batteries to Store Renewable Power

      More U.S. States Embracing Batteries to Store Renewable Power

      Energy-storage systems are spreading across the U.S. as states encourage deployments to help integrate an increasing amount of solar and wind power into electric grids. There are now 21 states with at least 20 megawatts each of storage projects in service, under construction or proposed, according to a report Tuesday from GTM Research. Ten of those states have development pipelines exceeding 100 megawatts.

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      Mentions: U.S.
    14. 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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    15. 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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    16. 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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    17. 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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    18. 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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    19. 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
    20. 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
    21. 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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    1-24 of 96 1 2 3 4 »
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