Thermal energy systems could boost global long-duration storage capacity to 8 TW by 2040: McKinsey

Thermal energy storage would draw cumulative investment in long-duration storage of between $1.6 trillion and $2.5 trillion by 2040, per a report by the Long Duration Energy Storage Council and McKinsey.

By Stephen Singer • Nov. 15, 2022

US can reach 100% clean power by 2035, DOE finds, but tough reliability and land use questions lie ahead

New aggressive planning is needed to identify the long-duration storage technologies and find the land to grow enough resources to reach the Biden administration’s net zero emissions goals, a DOE national lab reports.

By Herman K. Trabish • Nov. 15, 2022

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

DOE offers nearly $350M for pilot projects advancing long-duration energy storage

Up to 11 demonstration projects would enable energy storage over long durations as more renewable sources become available.

By Stephen Singer • Nov. 15, 2022

US renewables, storage sectors set to avoid tougher building standards that industry said could kill projects

Solar Energy Industries Association-proposed code changes that are less stringent than those a FEMA advisory panel proposed for solar and storage projects won initial International Code Council approval.

By Ethan Howland • Nov. 14, 2022

How the Inflation Reduction Act unlocks the benefits of mobile energy storage

The IRA ensures that energy storage can benefit from the ITC for 10 years, providing long-term certainty that is so important to investors and energy storage owners.  

Nov. 14, 2022

California funds 60 MWh tribal long-duration storage project with nation’s largest vanadium redox flow battery

The project will provide backup power to the Viejas Tribe of Kumeyaay Indians and bolster the reliability of the energy system statewide.

By Kavya Balaraman • Nov. 9, 2022

Battery development to slow for 3 years, despite massive boost from Inflation Reduction Act, analyst says

Shortages in materials are hampering battery manufacturing as the IRA jumpstarts storage investment.

By Stephen Singer • Nov. 8, 2022

IRA sets the stage for US energy storage to thrive

The Inflation Reduction Act (IRA) signed into law in August significantly improves the economics for large-scale battery storage projects in the U.S. For the first time, standalone storage systems will be eligible for a 30 percent investment tax credit (ITC) — and up to 70 percent with additional incentives.

Nov. 7, 2022

Texas moves ahead with expanded 80 MW distributed energy resource pilot designed to boost grid reliability

Initial discussions had considered a 10 MW limit on the pilot. “What it shows to me is that we're conservative in the way we think about how we ensure reliability,” said Commissioner Jimmy Glotfelty.

By Robert Walton • Nov. 4, 2022

DTE Electric proposes $9B spend on 5.4 GW renewables, 760 MW storage, coal-to-gas power plant switch

The Detroit-based utility aims to exit coal in 2035, with carbon capture and small nuclear reactors as replacement options.

By Ethan Howland • Nov. 4, 2022

AES Indiana says converting 1,052 MW of coal to gas will be $381M cheaper than renewables and storage

The utility’s resource plan includes little near-term solar and fails to take advantage of Inflation Reduction Act tax credits for “energy communities,” said Ben Inskeep, Citizens Action Coalition program director.

By Ethan Howland • Nov. 2, 2022

Sunrun to develop 17-MW virtual power plant for Puerto Rico’s electric utility, connecting 7,000 homes

Sunrun says the virtual power plant will be the first large-scale distributed solar resource on the island and is expected to be operational in 2024.

By Robert Walton • Nov. 2, 2022

Zinc-based storage manufacturer Eos delays some production to 2023 to capitalize on federal tax credits

Eos Energy Enterprises CEO Joe Mastrangelo said the company has reshaped its strategy to take advantage of various benefits for energy storage in the Inflation Reduction Act.

By Stephen Singer • Nov. 1, 2022

How the US plans to transform its lithium supply chain

With just 3.6% of global reserves, U.S. access to the critical mineral is vital to the country’s sustainable energy plans.

By Deborah Abrams Kaplan • Nov. 1, 2022

Electric utilities aren’t doing enough to address inequities in today’s power system, advocates say

How are companies, regulators, NGOs and others ensuring that the energy transition is equitable?

By Robert Walton • Oct. 28, 2022

Engie buys 6-GW solar and storage development portfolio from Belltown Power

The deal for projects in PJM, ERCOT and other markets comes as Consolidated Edison, American Electric Power and Duke Energy move to sell their unregulated renewable energy businesses.

By Ethan Howland • Oct. 28, 2022

The energy system is ‘inherently racist,’ advocates say. How are utilities responding to calls for greater equity?

Utility commitments to customer equity, energy affordability and equitable access to clean energy resources are becoming more common, but energy justice advocates say companies need to do more. 

By Robert Walton • Oct. 26, 2022

Sunnova urges California PUC to dismiss PG&E, SCE ‘sky is falling’ concerns, review microgrid proposal

“This is a real opportunity to examine what's going to be a fairly prevalent use case,” said Robert Perry, a consultant for World Business Academy, one of 16 organizations supporting a commission review of the plan.

By Ethan Howland • Oct. 25, 2022

Battery capacity in the US more than tripled since the start of 2021: report

More battery projects are coming online, spurring a significant rise in storage capacity and drawing in growing levels of corporate funding.

By Stephen Singer • Oct. 21, 2022

DOE taps 20 companies to receive $2.8B for battery manufacturing, minerals processing build-out

The funding is the first phase of a total $7 billion investment by the federal government to advance domestic supply chains for electric vehicle battery production.

By Robert Walton • Oct. 20, 2022

Inflation Reduction Act will drive development of 111 GWh of energy storage: BloombergNEF

But supply chain constraints "cloud deployment expectations until 2024,” the firm cautioned.

By Robert Walton • Oct. 18, 2022

New Jersey BPU storage incentive proposal targets 1 GW of 4-hour batteries by 2030

New Jersey is targeting 2 GW of installed storage by 2030 but currently has less than 500 MW.

By Robert Walton • Oct. 11, 2022

CAISO calls for near-term power procurement, even with possible Diablo Canyon extension

The California Public Utilities Commission is considering requiring utilities and others to line up near-term power supplies to make up for project delays in earlier procurements.

By Ethan Howland • Oct. 11, 2022

GM takes on Tesla, others; launches unit focused on energy storage, solar and vehicle-to-grid charging

General Motors hopes the new services will spur EV adoption while improving grid resiliency, it said as part of a broader business announcement Tuesday.

By Dan Zukowski • Oct. 11, 2022

The Inflation Reduction Act will turbocharge energy storage

The Inflation Reduction Act of 2022 will serve as a key driver for energy storage deployment in the U.S. and foster the nation’s transition to a clean energy economy.

By Andy Tang, Vice President, Energy Storage & Optimization, Wärtsilä • Oct. 10, 2022