GM, LG Chem to Announce EV Battery Joint Venture in Ohio

South Korea’s LG Chem said it would invest $916 million in its U.S. subsidiary by 2023 to set up an electric vehicle battery joint venture with General Motors. The facility, expected to be located in the Lordstown area of Ohio, would see an investment of more than $2 billion, with GM and LG Chem expected to invest more than $1 billion each. A GM-LG plant could be the first unionized battery factory in the U.S. Teslas factory and LG Chems battery factory in Michigan do not have unions.

FERC Tariff Approvals Create Big Moment for Energy Storage

US regulators gave energy storage a boost with recent approvals of tariffs filed by grid operators that create standardized ways of offering the resource to wholesale markets. Approved for some grid operators in late October and others last week, the tariffs are a response to a previous Federal Energy Regulatory Commission (FERC) order seeking fair treatment of energy storage in wholesale markets.

New York Permits 316 MW Battery Storage Project, Trading Gas Plant for World’s Largest Battery

New York’s utility regulator has approved construction on a 316-megawatt battery storage plant, a facility that, if built, would provide emissions-free power to New York City and the surrounding region while replacing a significant portion of the city’s fossil-fueled energy. Known as the Ravenswood Development, the project aims to provide 2,528 MWh of power and would operate during peak hours, with enough storage capacity to discharge 8 hours of power during the hours of highest demand.

US Storage Market Rebounds as Outage-Scarred California Promises Big 2020 Growth

The U.S. energy storage market bounced back in the third quarter of 2019, both in front of and behind the meter. But the most notable events of the quarter — the massive fire-prevention power outages in California — will have much larger impacts in the year to come. Wood Mackenzie expects one in five residential solar systems installed in California next year to be paired with batteries.

US Storage Industry to Build on Strong Third Quarter with Response to Power Shutoffs

The United States energy storage sector had it strongest third quarter on record this year, deploying 100.7 megawatts (MW) and 264.6 megawatt-hours (MWh) of storage. The front-of-meter (FTM) market rebounded after its slump with 161 MW deployed, and the residential storage market kept up recent momentum, slightly outpacing second quarter deployment levels to deliver a new record for quarterly residential deployments.

Hydrostor and NRStor Announce Completion of World’s First Commercial Advanced-CAES Facility

Hydrostor, the world’s leading developer of Advanced Compressed Air Energy Storage (A-CAES) projects, in partnership with NRStor Incorporated, a diversified Canadian energy storage project developer, announce the completion of the Goderich A-CAES Facility, located in Goderich, Ontario, Canada. The plant represents a pivotal advancement in long-duration energy storage and a world first in the successful commercialization of fuel-free (adiabatic) CAES technology. 

Current and Future Opportunities for Energy Storage in New York

While the MABI program is helping to develop a sustainable energy storage market, wholesale market revenues will strongly impact the pervasiveness of storage deployment in New York. 2019 has been transformational for the energy storage market in New York, which was marked by several milestones that reveal the powerful forces now emerging and exerting their influence across the state’s electricity landscape.

ESA is co-hosting a webinar with NY-BEST on Friday, 11/22 at 2pm ET to discuss the future of energy storage in New York. Register here.

CEO Kelly Speakes-Backman’s Statement on the GREEN Act

“The U.S. Energy Storage Association greatly appreciates the House Ways & Means Committee for prioritizing stand-alone energy storage for ITC eligibility in the GREEN Act discussion draft,” said Kelly Speakes-Backman, CEO of ESA. “Energy storage is already demonstrating early stage capability to transform the way we generate, deliver and use electricity in the United States, and this common-sense policy will accelerate the transformation to a more resilient, efficient, sustainable and affordable electricity grid.

GCL System Integration and Powin Energy Announce Joint Venture to Deliver Energy Storage Solution

GCL System Integration (GCL SI) and Powin Energy (Powin), today announced a joint venture, branded as G-Powin Energy Solution, to expand their energy storage business in the Asia-Pacific region. The modular “Powin Stack” battery system, which with Powin Energy’s patented bp-OSTM-the most advanced battery management system, has been engineered from the cell-level up to multi-container-level to maximize energy for both front-of-the-meter and behind-the-meter applications. 

DNV GL Upgrades Battery Scorecard

DNV GL has released an updated version of its battery performance scorecard, which ranks and evaluates of different types of batteries used for energy storage. DNV GL said the the results of its product qualification program, which tests a range of batteries, is included in the scorecard.