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With energy storage expected to double this year and triple in 2020, researchers are working to boost lead battery performance for its use in renewable energy integration and electric vehicles. energy storage deployment. The Consortium for Battery Innovation (CBI), a global research organization that funds innovation in lead batteries, has developed a roadmap for growth. Advanced lead batteries offer cost and sustainability advantages, said Alistair Davidson, director, CBI. They’re generally less expensive than alternatives and are recycled at a rate of 99%.
Iron flow battery startup ESS raised an additional $30 million to take its technology from pilots to commercial scale. Since 2011, the company has been developing a low-cost, nonflammable long-duration storage technology to compete across domains where the dominant lithium-ion battery chemistries are weaker. The bigger potential for flow batteries is large-scale renewable energy-shifting, and that requires moving into megawatt-scale territory. This marks the second energy storage investment from Japanese investment firm SoftBank. It made its first foray into the sector this summer with a splashy $110 million investment in the block-stacking gravity storage startup Energy Vault.
Whilst energy storage enables grid operators to expand their renewable energy resources, and lower carbon emissions by changing their reliance on conventional energy resources, the technology is also playing a pivotal role in modernizing grid networks and towards the introduction of new business cases. For instance, energy storage is granting stakeholders flexibility in generation, transmission, distribution and end-use. The deployment of utility-scale energy storage systems has allowed Italian multinational energy firm Enel to adopt new sustainability goals in line with standards promoted by the UN Global Compact, the Science Based Targets Initiative and the We Mean Business coalition.
Deputy Secretary of Energy Dan Brouillette toured a home at Reynolds Landing in Hoover, where Alabama Power partnered with Signature Homes, Southern Company, the U.S. Department of Energy’s Oak Ridge National Laboratory, and technology vendors to create the Smart Neighborhood. Reynolds Landing homes feature emerging energy-efficient technologies, materials and appliances. The neighborhood is connected to a nearby community-scale solar energy system with natural gas and battery backup, the first of its kind in the Southeast.
Communities most likely to be affected by both the effects of and the response to devastating wildfires which have wreaked havoc on California will be given extra incentive to install solar-plus-storage at their properties through the state’s Self-Generation Incentive Program (SGIP).
The Vermont Electric Cooperative is celebrating a new battery storage device that’s now online. The co-op and its partners met in Hinesburg where the storage battery is located. It says the battery has already saved $90,000 in power since it was activated this summer.
Since 2014, non-residential storage system prices have declined by more than 15 percent in the U.S. Commercial and industrial customers with predictable, peaky loads are increasingly turning to storage to help manage demand charges. Grid services are also expected to provide a key value stream by the early 2020s. Over the next five years, system costs will decline further, with all-in costs falling by more than 27 percent by 2024, according to a new Wood Mackenzie report that looks at the pricing landscape for the U.S. non-residential storage segment.
8minute Solar Energy has partnered with Doosan GridTech to develop an advanced energy software control solution for dispatching energy from advanced solar photovoltaic plus storage centers. 8minute Solar Energy and Doosan GridTech will develop an advanced control platform with predictive dispatch capability at the Springbok 3 solar plant in the Mojave Desert. This partnership pairs Doosan’s flexible software platform and energy storage expertise with 8minute’s dispatch approach to maximize asset value creation.
The power outages impacting hundreds of thousands of Californians serve as a reminder of how we need to modernize the grid and make it more resilient. With the help of Congress, that modernization could happen even faster. Energy storage is an essential component of a secure, resilient, low-carbon and cost-effective electricity future, and California is at the epicenter of this change. Not only does storage support the deployment of renewables and create jobs, it can also provide key options for flexibility and a smarter way to make households and businesses resilient to grid disruptions.
US company Kore Power is planning to build a lithium-ion battery manufacturing plant in its home country to support global growth efforts for its energy storage system. The 305,000-square-metre plant aims to support up to 2000 jobs by providing batteries for the Mark 1TM storage system. Kore Power said it is reviewing potential sites in a handful of states within the US and has narrowed the search down to places with broad access to labor and logistics hubs.
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