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The New York Power Authority (NYPA) is moving ahead with its first large-scale energy storage project. NYPA announced it is establishing a 20-MW demonstration facility adjacent to one of its substations in Franklin County. The estimated project cost is almost $30 million, all of which has been approved by the NYPA board of trustees. The Franklin County demonstration site will include a one-hour lithium-ion battery system which can absorb excess power generation for later delivery. NYPA officials say its supports New York Gov. Andrew Cuomo’s renewable and energy storage mandates, including a goal of 3,000 MW in energy storage capacity by 2030.
Energy storage projects would qualify for financing from the Department of Energy’s loan guarantee program under bipartisan legislation introduced in the Senate last week. The bill, S. 2277, offered by Sens. Maggie Hassan (D-N.H.) and Susan Collins (R-Maine), is the latest addition to a smorgasbord of energy storage bills that have been put forward in recent months. DOE’s loan guarantee program continues to enjoy bipartisan support, and boosting storage technologies has seen growing interest among members in both parties.
ENGIE Storage will supply and operate a 19-MW/38-MWh portfolio of six energy storage sites that will contribute to the Solar Massachusetts Renewable Target (SMART) Program and participate in ISO-New England wholesale markets. The combined solar-plus-storage portfolio, developed and operated by Syncarpha Capital, a New York-based private equity firm, is the first utility-scale solar-plus-storage projects offering to benefit from ENGIE’s new integrated development, supply and services offering for wholesale market participation.
At times renewable energy sources can produce more power than is needed, leaving some solar or wind energy to go to waste. This oversupply condition is a lost opportunity for these clean energy resources to displace pollution from fossil fuel-powered plants. But by creating complex models analyzing power systems in California and Texas, University of Michigan scientists show in a study that investing in batteries and other energy storage technologies can be economically viable with proper policy support. That, in turn, could radically reduce the emissions of greenhouse gases and increase the use of solar and wind energy.
LG Chem and its project partners have officially opened Atlanta’s first Smart Neighborhood. Each of the 46 technology-enhanced townhomes in the Georgia Power Smart Neighborhood will be served by Georgia Power with power supplemented by individual rooftop solar installations and in-home battery energy storage. LG Chem is supplying two home battery systems to each of the townhomes in Atlanta. The latest residential energy technologies will deliver innovative and creative solutions to Georgia Power’s customers to more efficiently manage their energy needs.
Wholesale power provider Southern Power is to develop up to four utility-scale energy storage projects totalling 86MW / 345MWh. Of the four projects, all in California, one has already closed financing. Southern Power is working with developer esVolta on the portfolio.
The City of Glendale, California has released a plan to replace all but one of the plant’s existing generation facilities with a mix of battery storage, distributed solar and geothermal energy. Broken down by capacity, the plan calls for a 75 MW, 300 MWh battery energy storage system, up to 50 MW of distributed solar projects, energy efficiency and demand response programs. The plan also calls to keep the “peaker” portion of the former plant, which totals 93 MW of gas generation from up to five combustion turbines.
A low-cost, high-performance battery chemistry developed by CU Boulder researchers could one day lead to scalable grid-level storage for wind and solar energy that could help electrical utilities reduce their dependency on fossil fuels. The new innovation, described today in the journal Joule, outlines two aqueous flow batteries, also known as redox flow batteries, which use chromium and organic binding agents to achieve exceptional voltage and high efficiencies. The components are abundant in nature, offering future promise for cost-effective manufacturing.
A major disruption to the global economy is coming in the form of a seismic shift in energy markets. Largely driven by energy storage, this disruption will create exciting opportunities for the renewable energy market and will, in our view, drastically change the time of day electricity price curve (that is, the ‘duck curve’). The increased availability and adoption of battery storage will enable solar energy generators to match for the first time the supply of electricity to the time of customer use, which has historically been the major impediment to the growth of direct renewable electricity supply.
Energy storage system manufacturer Dynapower has announced its involvement with a new energy storage financing program. Partnering with Lease Corporation of America, Dynapower will offer financing to system integrators and energy storage system buyers. The new energy storage financing covers the equipment purchase, installation, commissioning and training costs in one lease.
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