Advanced Energy Storage Systems Market To Be Driven By Rising Demand For Utility Scale Energy Generation Till 2022: Grand View Research, Inc.

As per the estimations of a report published by Grand View Research, Inc.; the global advanced energy storage systems market would reach around USD 6.93 billion by 2022. Rising demand for utility scale energy generation, especially during peak hours is projected to augment the demand for advanced energy storage systems. Such systems efficiently manage power resources, thereby eliminating the need for utility scale energy generation units. This factor significantly reduces fixed costs and thus plays a vital role in boosting the growth of the global market.

U.S. Department of Energy Assistant Secretary Bruce J. Walker to Keynote the Energy Storage Association’s 28th Annual Conference and Expo

BOSTON, March 29, 2018 — Energy Storage Association (ESA), the leading national voice for companies that develop and deploy the energy storage technologies we rely on every day, announced that Assistant Secretary for the Office of Electricity Delivery and Energy Reliability (OE) at the U.S. Department of Energy (DOE) Bruce J. Walker will deliver a keynote address to the attendees of its 28th Annual Energy Storage Conference and Expo.

800 Megawatt Bay State Wind US Offshore Project Partners To Combine Energy Storage

Earlier this month, the 800 megawatt Bay State Wind offshore project being developed jointly by Ørsted and Eversource off the coast of Massachusetts announced a deal which will see it work with local NEC Energy Solutions to develop an energy storage solution for the offshore wind farm. Ørsted, one of the world’s leading offshore wind companies, and Eversource, New England’s premier transmission builder, announced on March 16 that their Bay State Wind partnership had signed a Letter of Intent to work collaboratively with Massachusetts-based NEC Energy Solutions so as to develop an energy storage solution for the 800 megawatt (MW) Bay State Wind. Specifically, they are looking to combine the offshore wind farm with a 55 MW/110 MW-hour (MWh) energy storage option, which upon completion would result in the world’s largest wind-paired energy storage system for commercial-scale energy.

ENGIE Storage Names Energy Executive Christopher Tilley CEO

SANTA CLARA, Calif.–(BUSINESS WIRE)–ENGIE Storage, formerly Green Charge today named Christopher Tilley Chief Executive Officer. Chris comes to ENGIE Storage with 20 years of experience leading early stage high growth companies and deep experience in the energy industry. He succeeds Founder Vic Shao who will remain with the company as chairman and will lead international energy storage business development efforts on behalf of ENGIE.

Lockheed Martin Delivers Energy Storage Systems to Cypress Creek Renewables for Solar-Plus-Storage Projects – Mar 26, 2018

DALLAS, March 26, 2018 /PRNewswire/ — Lockheed Martin (NYSE: LMT) and Cypress Creek Renewables have commissioned 12 MWh of GridStar™ Lithium energy storage systems for 12 solar-plus-storage projects. The solar-plus-storage system will provide clean electricity to communities served by Brunswick Electric Membership Corporation (EMC) in southeastern North Carolina. Lockheed Martin’s GridStar™ technology ensures that this power is rapidly dispatchable — a key benefit that allows Brunswick EMC to avoid peaking costs and pass the savings to its member-owners in Brunswick and Columbus Counties, as well as small areas of Robeson and Bladen Counties. “These projects provide solar energy to our members and compound the value by delivering it exactly when we need it,” said Don Hughes, CEO/general manager of Brunswick EMC. “This collaboration will provide significant value to our members for years to come.”

EDF Signals 10GW Battery Charge

EDF is planning to develop an additional 10GW of energy storage projects around the world by 2035, on top of the 5GW already operated by the company. The French energy giant said the move represents an investment of €8bn over the 2018-2035 period. Projects will be installed globally. EDF said, however, it aims to become the leader in the residential sector in France and Europe. Africa is also a priority market, it added. New facilities that will be delivered over the next 12 month include at least three battery storage facilities and an extension to battery/solar initiatives in Ghana and the Ivory Coast.

General Electric Energy Storage Offering Built on Speed

The energy storage business could be worth $103 billion by 2030, so dozens of companies are jockeying for position to capture market share. Tesla (NASDAQ: TSLA) has made the biggest splash, but AES and Siemens creation Fluence, Stem, Total, and General Electric (NYSE: GE) are trying to stake out their piece of the pie as well. GE recently announced a new energy storage offering called Reservoir that’s intended to reduce construction time, increase battery life, and improve reliability. It’s also building the solution to fit with the way renewable energy projects are being built today, which could make it an attractive offering for developers.

Empowering Utilities to Lead on Energy Efficiency with Rev

As Governor Cuomo prepares to announce a comprehensive energy efficiency framework on Earth Day and continues to move forward with New York’s Reforming the Energy Vision (REV) strategy, it is important to remember the role that utilities can play in advancing energy efficiency. REV, announced four years ago, aims to help New York meet its nation-leading clean energy goals. While New York has a bold program already in place to ensure 50 percent our electricity demand is met with renewable energy like wind and solar by 2030, there is no comparable commitment yet to scale up energy efficiency. To ensure success, New York needs to empower utilities to invest in energy-saving technologies as part of the efficiency framework that the governor plans to announce on, Earth Day, April 22.

Seasonal Storage for Homes? German Firm Sells Residential Batteries Tied to Fuel Cells

A German firm is aiming to help homes obtain year-round self-produced renewable energy with a hybrid storage system combining batteries with hydrogen. Zeyad Abul-Ella, managing director and founder of Berlin-based Home Power Solutions (HPS), said his company’s Picea all-in-one unit, which went on sale this month, “has a hundred times more storage capacity with twice the output” of competing systems.

Trump’s Steel Tariffs May Take a Swipe at Battery-Storage Market

“The tariffs could slow down some of the aggressive cost declines,” Ray Hohenstein, market applications director at energy storage firm Fluence Energy LLC, said in an interview Wednesday at Infocast’s Solar Power Finance & Investment Summit in San Diego, California. To be sure, that shouldn’t have much lasting impact on the industry as other manufacturing costs decrease, Kelly Speakes-Backman, chief executive officer of the Energy Storage Association, said in a phone interview Wednesday. And there may be a workaround: Concrete, which features in the shipping-container-like structures that protect batteries in larger projects, could be used for smaller battery packs.