Advanced Power Alliance national partner American Clean Power has launched EnergyStorage.org to serve as a centralized hub of accurate and up-to-date information on energy storage technologies and the tremendous benefits they bring to electric grids. The site will serve as a “one-stop-shop” for information on the energy storage industry and is designed to be aContinue reading “EnergyStorage.org Launches to Provide Source of Factual Data, Background Information, and Industry Updates”
Category Archives: Energy Storage
Apex Secures Financing for Texas Storage Facilities
First Citizens Bank Arranges Financing of Great Kiskadee and Angelo From Apex Clean Energy: https://www.apexcleanenergy.com/news/apex-secures-financing-texas-storage-facilities/ Apex Clean Energy today announced that First Citizens Bank Energy Finance business served as sole bookrunner and co-lead arranger on financings totaling more than $150 million for two battery energy storage projects in Texas. Great Kiskadee Storage is a 100Continue reading “Apex Secures Financing for Texas Storage Facilities”
ExxonMobil Drilling First Lithium Well in Arkansas, Aims to be a Leading Supplier for Electric Vehicles by 2030
From ExxonMobil: https://corporate.exxonmobil.com/news/news-releases/2023/1113_exxonmobil-drilling-first-lithium-well-in-arkansas SPRING, Texas – Exxon Mobil Corporation (NYSE: XOM) today announced plans to become a leading producer of lithium, a key component of electric vehicle (EV) batteries. Work has begun for the company’s first phase of North America lithium production in southwest Arkansas, an area known to hold significant lithium deposits. The productContinue reading “ExxonMobil Drilling First Lithium Well in Arkansas, Aims to be a Leading Supplier for Electric Vehicles by 2030”
ENGIE accelerates in battery storage through the acquisition of Broad Reach Power in the United States
A major step towards ENGIE’s objective of reaching 10 GW of battery capacity within the Group by 2030 to support the development of renewable energies ENGIE announces it has signed a binding agreement for the acquisition of 100% of Broad Reach Power, a company specialized in battery storage and based in Houston, from private equityContinue reading “ENGIE accelerates in battery storage through the acquisition of Broad Reach Power in the United States “
Form Energy Partners with Xcel Energy on Two Multi-day Energy Storage Projects
Form’s 100-hour iron-air battery system to expand access to reliable, low-cost renewable energy generated for Xcel Energy’s Minnesota and Colorado customers. Form Energy, Inc., an American technology company developing and commercializing a new class of cost-effective, multi-day energy storage systems, announced today that it has entered into definitive agreements with Xcel Energy (NASDAQ: XEL) toContinue reading “Form Energy Partners with Xcel Energy on Two Multi-day Energy Storage Projects”
NEW REPORT: Battery Storage and Renewable Energy Projects Are Boon to Texas Economy
Click here to access an interactive map showing project size, tax, and landowner payment data per legislative district. AUSTIN, TEXAS – Renewable energy and battery storage projects generate tens of billions of dollars in tax revenue and landowner payments, 60 percent of which benefits rural counties, according to a report released by the Advanced PowerContinue reading “NEW REPORT: Battery Storage and Renewable Energy Projects Are Boon to Texas Economy”
How Solar + Storage Boosts Grid Resiliency
Babcock Ranch, “America’s First Solar-Powered Town”, is a prime example of how solar energy and energy storage can strengthen the reliability of power grids, making communities more resilient in the face of extreme weather and volatile energy prices. The town, which derives its power from 700,000 solar panels at a nearby solar farm, managed toContinue reading “How Solar + Storage Boosts Grid Resiliency”
As Texas Energy Demand Increases, Enel Green Power Installs More Renewable and Energy Storage Capacity
Enel Green Power has completed its first large-scale hybrid wind project globally, Azure Sky wind + storage, featuring 350 MW of wind capacity and 136.5 MW/204.6 MWh of storage capacity. In addition, the company will add 57 MW/85.7 MWh of new battery storage capacity at its largest operating projects in Texas, Roadrunner solar and HighContinue reading “As Texas Energy Demand Increases, Enel Green Power Installs More Renewable and Energy Storage Capacity”
Energy Storage Important to Creating Affordable, Reliable, Deeply-Decarbonized Electricity Systems
MIT Energy Initiative report supports energy storage paired with renewable energy to achieve decarbonized electricity systems. From MITEI (https://energy.mit.edu/news/energy-storage-important-to-creating-affordable-reliable-deeply-decarbonized-electricity-systems/) In deeply decarbonized energy systems utilizing high penetrations of variable renewable energy (VRE), energy storage is needed to keep the lights on and the electricity flowing when the sun isn’t shining and the wind isn’t blowing—whenContinue reading “Energy Storage Important to Creating Affordable, Reliable, Deeply-Decarbonized Electricity Systems”