Crude prices rose as much as 4 percent on Thursday amid optimism over equity markets helped offset a surprise increase in U.S. oil inventory levels. [CNBC] A new report released Wednesday highlights the gains the energy storage industry is making, and predicts its continued growth in the coming year. [The Washington Post] A court in the Netherlands has ruled… Keep reading →
Italian energy group Eni has claimed to have found one of the world’s largest natural gas fields off the Egyptian coast. [BBC News] A spike in oil prices helped energy shares reverse an early decline on Monday. [ABC/AP] An energy storage study claims that prices for battery technologies will plunge up to 60% over the next… Keep reading →
This week we’re celebrating the launch of a new series on Energy.gov: How Energy Works. Join us today on Twitter at 2 p.m. ET for our How Energy Works live Q&A answering everything you want to know about microgrids. Use #HowEnergyWorks to submit questions and follow the live discussion. WHAT IS A MICROGRID? A microgrid… Keep reading →
Duke Energy’s decision to replace 36 MW of Xtreme lead-acid batteries shows the risks of backing emerging storage tech. Utilities are leery of new battery technologies, no matter how groundbreaking they seem. That’s because they sometimes don’t perform as promised, and fixing that problem can turn out to be an expensive proposition. Last week, Duke… Keep reading →
A groundbreaking, just-filed blueprint to bring distributed solar, batteries, EVs and more into billion-dollar grid investment plans. Two years ago, California told its three big investor-owned utilities to do something they’ve never done before — make distributed energy resources (DERs for short) a fundamental part of their billion-dollar distribution grid investment plans. Under state law… Keep reading →
Last week, Haresh Patel, CEO of Mercatus Inc, a software solutions and management services company for energy investors, was in New York to discuss the current state of renewable energy industries at the 12th Annual REFF-Wall Street Conference. Their Energy Investment Management (EIM) software has processed over 50 GW of renewable energy power at the utility, commercial and residential scale. He… Keep reading →
In the absence of global action to curb greenhouse gas emissions, the United States by the end of the century may face up to $180 billion in economic losses because of drought and water shortages, according to a report released Monday by the White House and Environmental Protection Agency (EPA).
FERC found that a storage device using a utility’s distribution system in charging mode should share in the costs of the distribution system.
As can be gleaned from recent reports in the popular and trade press, activity is swirling around energy storage systems, highlighted by Tesla’s April 30 announcement of its “Powerwall” residential energy backup system. “The development of economic, reliable energy storage systems is the missing link in the deployment of renewable energy, and in particular solar… Keep reading →
BioSolar, Inc, a developer of energy storage technology, yesterday announced its plans to develop a breakthrough technology to significantly increase the capacity and extend the life of lithium-ion batteries. “Based on the company’s internal analysis, a super battery built using its technology can double the range of a Tesla automobile, costs 4 times less, has… Keep reading →
