Tesla posts strong Q1 increase in storage deployment as EV price cuts, uncertain economy hit profit

“As we've expected, the stationary storage growth actually will significantly exceed the vehicle growth,” Tesla CEO Elon Musk said.

By Stephen Singer • April 20, 2023

Private equity to play growing role in renewable energy, storage and other cleantech: S&P Global

“This phase of acceleration in the energy transition may be the first major industrial and technology investment cycle that occurs primarily in opaque private markets,” S&P analysts said in a report released Wednesday.

By Ethan Howland • April 19, 2023

Explore the Trendline➔

Virtual Power Plants

Virtual power plants and their ability to balance energy supply and demand are increasingly sought by utilities as electricity demand increases, but their lack of standardization remains a barrier.

By Utility Dive staff

NYSEG, RG&E outline revised energy storage bidding process as New York works toward 6 GW goal

The companies will start taking bids on July 10 and award contracts in the spring and summer of 2024. Projects must be online by Dec. 31, 2028.

By Patrick Cooley • April 18, 2023

Utilities, independent power producers clash over best path to New York’s 6 GW of storage by 2030 goal

An industry group warned that customers will pay for cost overruns on storage projects if utility-owned storage “is given free range.”

By Stephen Singer • April 18, 2023

US energy storage needs national standards and regulations to thrive amid clean energy transition: GAO

Industry insiders and other experts largely praised the agency’s recommendations but noted that its recent report omitted some key hurdles to adopting energy storage.

By Patrick Cooley • April 11, 2023

Clean Power Alliance, NextEra Energy OK 75-MW long-duration energy storage PPA in Southern California

Julian Gold, CPA’s board chair, said last summer’s extended heat wave in California was a “powerful reminder as to why long-duration storage projects such as this are critical in building resilient communities.”

By Stephen Singer • April 11, 2023

Maryland can build more than 3,500 MW of energy storage by 2033: report

Storage is critical to meeting emissions and energy goals “and now we’ve got the data to show it’s a cost-effective investment, too,” said ACP Director for Eastern State Affairs Moira Cyphers.

By Stephen Singer • April 4, 2023

Solar panels and energy storage are worth the cost to integrate into US grid, executives say

“We have to figure out how people can pay for these resources, and to pay for them we have to value them correctly,” said Jon Wellinghoff, a former Federal Energy Regulatory Commission chairman.

By Patrick Cooley • April 4, 2023

Freyr explores coalition with Caterpillar, Siemens, two others to scale up green battery production

Development of robust, sustainable and circular supply chains for battery materials and technology is one of the coalition’s four potential guiding principles, Freyr said.

By Patrick Cooley • March 29, 2023

LG Energy Solution to invest $5.5B in Arizona battery complex

This is the company’s second investment in the state as it looks to capitalize on the U.S.’s burgeoning EV market.

By Sara Samora • March 28, 2023

Wärtsilä, Eolian complete 200-MW Texas storage facility, world’s largest merchant battery system

Risto Paldanius, vice president Americas, Wärtsilä Energy, said the project will help Texas “as it faces the natural replacement cycle of older inflexible generators and adapts to more frequent extreme weather events.”

By Stephen Singer • March 28, 2023

NY PSC gives Con Edison, Central Hudson, other utilities more time to procure 350 MW energy storage

It’s important to “continually assess” the state of the storage market and make changes as necessary, the New York Public Service Commission said.

By Stephen Singer • March 23, 2023

Spearmint Energy acquires 900 MW/2,000 MWh battery storage portfolio in Texas

The acquisition makes Spearmint one of the largest battery energy storage developers in Texas, the company said.

By Stephen Singer • March 22, 2023

DOE charts commercialization paths for long-duration storage, advanced nuclear, clean hydrogen

With about $260 billion in spending needed this decade, the reports released Tuesday highlight possible solutions to the challenges facing the technologies and routes to commercializing them.

By Ethan Howland • March 22, 2023

Eversource, United Illuminating, Connecticut Green Bank launch next phase of energy storage program

Commercial and industrial customers are eligible for upfront incentives to help reduce the cost of purchasing a battery system with a maximum incentive of 50% of the project cost.

By Stephen Singer • March 21, 2023

Treasury Department guidance urgently needed to tap IRA’s clean energy ‘gold mine,’ analysts say

Clarifications defining Inflation Reduction Act provisions on labor, domestic content, energy community, and clean hydrogen are urgently needed to put the “boldest action” by Congress to work, they say.

By Herman K. Trabish • March 16, 2023

Construction begins on Idaho Power’s first energy storage projects as it faces growing capacity shortfall

State regulators said “public convenience and necessity” require Idaho Power to acquire 120 MW of dispatchable energy storage.

By Stephen Singer • March 14, 2023

Energy Vault scales back 2023 revenue guidance on shift in 1-GWh customer contract

An analyst said the reduced guidance is due partly to supply chain problems and a “more thorough look” at the company’s initial two-year guidance, issued in November.

By Stephen Singer • March 9, 2023

DOE, partners announce agreement to speed commercialization of long-duration energy storage

The parties will back the DOE’s Long Duration Storage Shot that aims to reduce the cost of grid-scale energy storage by 90%.

By Stephen Singer • March 9, 2023

Energy storage made record gains in the US in 2022: Sustainable Energy in America Factbook

Despite supply-chain-related delays in project development, the U.S. remains the largest market for energy storage, said the report from BloombergNEF and the Business Council for Sustainable Energy.

By Stephen Singer • March 7, 2023

Energy storage can be a lifesaver for people with disabilities, but policymakers can do more

During climate disasters and extreme weather events, people with underlying health conditions and disabilities face global mortality rates that are four times higher than those without disabilities.

By Maria Chavez • March 6, 2023

Inside a federally-funded strategy to strengthen US lithium supply chains

The U.S. is behind in its goal to capture domestic production of battery materials. Here’s what one Energy Department-backed group says needs to happen to catch up.

By Kate Magill • March 2, 2023

DOE picks 10 winners of grid-scale storage innovation prize

Emerging technologies that disrupt or advance state-of-the-art storage research are the focus of the 10 winners of the American-Made Energy Storage Innovations Prize, which totals $300,000.

By Stephen Singer • Feb. 28, 2023

Synchronous condensers and battery energy storage form a powerful combination for grid support

Together they can stabilize the grid through increased short-circuit current, increased frequency support and system inertia, decreasing ROCOF, reactive power control and black-start capability.

Feb. 27, 2023

Federal incentives help drive $52B of investments in 17 EV battery production facilities: BofA

EV battery production capacity is expected to continue growing, according to BofA Global Research. “The orders from the new facilities are expected to be significant,” the firm said.

By Robert Walton • Feb. 23, 2023