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Fluence, a Siemens and AES company, today announced it has acquired the digital intelligence platform of AMS, the leading provider of AI-enabled optimized bidding software for utility-scale storage and generation assets. The combination of the two companies’ technologies will help utilities, developers, and commercial and industrial customers optimize energy storage and flexible assets to deliver additional revenue, improve grid reliability and efficiency, and support the global transition to more sustainable and resilient power systems.
Wärtsilä, the massive marine and power plant specialist, is introducing its new modular energy storage product in a deployment that allows the city of Martinsville, Virginia to lower its power costs and stabilize the surrounding grid. An independent power producer, AEP OnSite Partners, will be the first to deploy Wärtsilä’s new storage product. The 9 MW/15.6 MWh battery energy storage system will respond to PJM market signals and reduce the city’s peak demand by about 9 MW, while saving $1 million per year in transmission and capacity costs, according to the company. The project is scheduled to be operational in the second half of 2021.
The industry is growing increasingly comfortable with lithium-ion, but its limitations open up a space for other technologies to compete in the storage mix. This deep-dive article describes the growth of energy storage over the past decade, and what the future might look like.
The debate over how to replace the generation capacity that will be lost following the closing of the 847-MW coal-fired San Juan Generating Station in June of 2022 is officially over, with Public Service Company of New Mexico (PNM) opting to move forward with four solar-plus-storage projects in San Juan’s stead. The announcement is not altogether surprising, as state regulators ordered PNM to procure San Juan replacement power from utility-scale renewables earlier this summer.
Utilities operating fossil-fueled power plants, and the low-income and disadvantaged communities that face the brunt of their pollution, may have a new model for resolving their differences. On Tuesday, the New York Power Authority signed a landmark agreement with the Peak Coalition, a group of five environmental justice and clean energy groups, to study ways to replace or reduce emissions from NYPA’s six gas-fired peaker plant sites in New York City and Long Island.
North America is currently leading the world for utility-scale energy storage deployments, but could be overtaken by the second-largest market, the Asia-Pacific region, as early as 2023, according to forecasting and analysis by Guidehouse Insights. The Asia-Pacific region by 2029 is expected to achieve a compound annual growth rate in energy storage installations of 39.4%, with a cumulative 60,747.4MW of new utility-scale capacity expected to be added between this year and then. In 2020, the region will add around 554MW of new large-scale storage.
Energy storage system integrator and manufacturer Powin Energy has signed a deal to supply its new DC-coupled solutions to developer Amp for projects in the Northeast US. Company senior director of product KJ Plank told Energy-Storage.news that “Powin is ready” for an expected exponential growth in the grid-scale DC-coupled solar-plus-storage segment of the energy industry “in the next few years”.
Eos Energy Storage LLC (“Eos”), the leading manufacturer of safe, low-cost and long-duration zinc battery storage systems, today announced an expansion of its partnership with Nayo Tropical Technology Ltd. (“Nayo”), a leading West African mini-grid engineering, procurement, and construction (“EPC”) company. Eos will deploy additional units of its signature Znyth™ systems, rated at 125kW/500kWh, to four rural microgrid projects in Nigeria in the first quarter of 2021.
The California Energy Commission (CEC) selected UK-based Invinity Energy Systems for funding as part of an initiative for long-duration, non-lithium energy storage with the use of its vanadium flow batteries (VFBs) technology. CEC also awarded modular microgrid energy solution company, BoxPower, a $1.2 million dollar grant to further develop its software and hardware solution at 15 microgrid sites in California.
Global energy storage capacity could amount to 741 GWh by the end of the decade, representing a 31% compound annual growth rate, analysis from Wood Mackenzie has found — and the U.S. could make up nearly half of that. The average cost of lithium-ion battery cells is expected to drop during that timeframe, according to IHS Markit, falling below $100 per kWh in the next three years and potentially dipping to as low as $73 per kWh by the end of the decade.
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