1. Articles from Bloomberg

    bloomberg.com

  2. 1-24 of 41 1 2 »
    1. Clean Energy Investment Rises 9%, Led by Solar Power

      Clean Energy Investment Rises 9%, Led by Solar Power

      Clean energy investment rose by 9 percent in the first quarter from a year earlier on surging demand for rooftop solar panels from the U.S. to Japan. New investment in renewable power and energy efficiency rose to $47.7 billion in the first three months of the year from $43.6 billion, Bloomberg New Energy Finance said today in an e-mailed statement. The increase may mark a turnaround. Investment in low-carbon power and energy-efficiency equipment has fallen for two years as industrialized nations pared back subsidies. After peaking at $318 billion in 2011, new spending on clean energy subsided to $254 billion last year, according to BNEF figures.

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      Mentions: Japan U.S. Africa
    2. Aquion to Begin Commercial Battery Shipments This Year, CEO Says

      Aquion to Begin Commercial Battery Shipments This Year, CEO Says

      Aquion Energy Inc., the energy-storage developer backed by Bill Gates and Kleiner Perkins Caufield & Byers, expects to begin commercial shipments of batteries in mid-2014. “We’re looking to start scaling the business,” Chief Executive Officer Scott Pearson said today in a telephone interview. “We’re going to be shipping megawatt-hours per quarter this year and tens of megawatt-hours next year.” The closely held company, based in Pittsburgh, makes aqueous hybrid ion batteries that use saltwater to conduct electricity. The stackable units each hold 1.7 kilowatt-hours of energy. They’re designed to hold charges for several hours and may be drained and recharged daily. The technology is based on research conducted at Carnegie Mellon University.

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    3. Toshiba Supplies Renewable Energy Storage for Kyushu Electric

      Toshiba Supplies Renewable Energy Storage for Kyushu Electric

      Toshiba Corp. supplied batteries to a Kyushu Electric Power Co. project on two remote islands south of the Japanese mainland that seeks to demonstrate technology to store energy generated from wind and solar power plants. Two- and three-megawatt systems using lithium-ion batteries were delivered to Tanegashima and Amami Oshima, the Tokyo-based electronics maker said today in a statement. Toshiba has also won an order from Tohoku Electric Power Co.for a 40-megawatt storage system, according to the statement.

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      Mentions: Toshiba
    4. MIT's Liquid Metal Stores Solar Power Until After Sundown

      MIT's Liquid Metal Stores Solar Power Until After Sundown

      A 40-foot trailer loaded with 25 tons of liquid metals may be the solution to the renewable-energy industry’s biggest challenge: making sure power is available whenever it’s needed. A Boston-area startup founded by MIT researchers is working to turn this new concept into a commercial product, liquid-metal batteries that will store electricity for less than $500 a kilowatt-hour. That’s less than a third the cost of some current battery technologies.

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      Mentions: DoE HI U.S.
    5. Batteries May Vie With U.S. Oil Boom as Biggest Energy Changer

      Batteries May Vie With U.S. Oil Boom as Biggest Energy Changer

      The rapid development of rooftop solar and battery storage technology could be as transformative to the economy and modern life as the U.S. oil and gas boom, Energy Secretary Ernest Moniz said. “It’s pretty dramatic,” Moniz said yesterday in an interview with Bloomberg News at the IHS CERAWeek conference in Houston. “They are growing very, very fast.” Batteries allow customers with solar panels to store energy during the day and then tap the excess overnight when the sun goes down. The widespread use of electric vehicles could reshape the development of cities, and applying the same battery storage technology to transform the U.S. energy system has “huge potential,” Moniz said.

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      Mentions: CA DoE U.S.
    6. Green Charge Receives Financing to Offer Energy-Storage Systems

      Green Charge Receives Financing to Offer Energy-Storage Systems

      Green Charge Networks, a provider of power-storage systems, is receiving a $10 million loan commitment from TIP Capital to offer its products to customers with no upfront costs. Green Charge’s systems let users reduce their utility bills by drawing power from batteries instead of the grid during periods of peak demand, Brian Asparro, chief financial officer of the Santa Clara, California-based company, said in a telephone interview. 

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    7. SolarCity Offering Storage to Reduce Users’ Utility Bills

      SolarCity Offering Storage to Reduce Users’ Utility Bills

      SolarCity Corp. the second largest U.S. solar company by market value, is offering power-storage systems to commercial customers that will reduce utility bills and provide electricity during blackouts.The systems will let retailers, schools and offices in parts of California and New England lower their peak power consumption from the grid and reduce demand charges from utilities, said Chief Executive Officer Lyndon Rive.

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      Mentions: CA U.S. First Solar
    8. Okinawa Electric Plans Storage System for Solar Power

      Okinawa Electric Plans Storage System for Solar Power

      Okinawa Electric Power Co. will set up a battery storage system on Japan’s southernmost island to handle extra capacity generated by solar power projects. The device is needed because the electricity grid on the island of Okinawa is expected to reach its maximum ability to accept solar energy, the Ministry of Economy, Trade and Industry said today in a statement. Applications to build solar farms with 300 kilowatts of capacity or bigger could reach 57 megawatts as early as this month, METI said.

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      Mentions: Japan CO
    9. Hitachi Announces Storage Technology for Renewable Energy

      Hitachi Announces Storage Technology for Renewable Energy

      Hitachi Ltd. unveiled an energy-storage system that the company said will support wind and solar power and allow users to sell electricity into deregulated markets such as California.  The units can be installed on high-voltage power lines, and will be able to capture excess energy produced by wind and solar sources so it can be sold back into the network when the demand for power exceeds the supply. The systems, which include telecommunications and lithium-ion battery technologies developed by Tokyo-based Hitachi, will also minimize volatility on the power grid, company officials said today at a press conference in Washington.

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      Mentions: CA U.S. MA
    10. Toshiba to Supply Energy Storage System for Tohoku Electric

      Toshiba to Supply Energy Storage System for Tohoku Electric

      Toshiba Corp.  will supply an energy storage system for a pilot project by Tohoku Electric Power Co.(to stabilize the flow of electricity generated by wind and solar power. The battery system, which will have 20-megawatt hours of storage capacity, will be set up at a substation in the northern city of Sendai in Miyagi prefecture north of Tokyo, Toshiba said in a statement today. The lithium-ion battery system is expected to be installed by February 2015, Tohoku Electric said in a statement yesterday.

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      Mentions: CO Toshiba
    11. S&C Electric and Samsung to Develop U.K. Energy Storage Project

      S&C Electric and Samsung to Develop U.K. Energy Storage Project

      Samsung SDI and S&C Electric will develop an energy storage project in the U.K.  Samsung SDI will supply lithium-ion batteries at a substation in Bedfordshire, England, said Andrew Jones, the managing director of S&C Electric Company Europe Ltd. The 18.7 million-pound ($28.6 million) project will store as much as 10MWh of power.

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    1-24 of 41 1 2 »
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