Utility dive energy storage

US energy storage deployments jumped 86% year over year to

Dive Brief: The U.S. saw more than 3 GW/10.5 GWh of energy storage deployments in the second quarter of 2024, up 74% and 86%, respectively, from Q2 2023 and the most for any second quarter to date

NYC removes zoning restrictions for rooftop solar, energy storage

Dive Insight: The City of Yes for Carbon Neutrality initiative and the 17 policies approved within it took effect on Dec. 11. These include opening up over 8,500 acres of parking lots across the

Up to $300M more required for 2030 energy storage goal

Dive Brief: It will cost New York up to $2 billion to add 6 GW of energy storage by 2030, up from the previous high-end estimate of $1.7 billion, according to updated cost estimates released March

Alliant Energy and Energy Dome sign deal to advance nation''s

Dive Insight: The Columbia Energy Storage Project would be jointly owned by Madison Gas and Electric, Wisconsin Public Service and Alliant subsidiary Wisconsin Power and Light, according to an Aug

Fire safety outreach is critical to energy storage development

''s national technical committee has worked diligently to require large-scale fire testing, explosions controls and safety features for energy storage systems to operate in an autonomous

IRA sets the stage for US energy storage to thrive

The ITC for energy storage created by the IRA will be similar to current law with a five-year period for modified accelerated cost recovery system (MACRS), which is a more beneficial approach that

Trump win is ''setback'' for climate protection, but clean energy

· Trump''s victory means a Republican will be selected to lead FERC, which will likely work to reign in transmission incentives, said Tyson Slocum, director of Public Citizen''s Energy Program.

Offshore wind, long-duration liquid air energy storage

Dive Insight: Highview Power''s liquid air energy storage provides storage capabilities that start at six hours and can go up to several weeks, according to the company. it uses renewable energy

Torus Unveils Integrated Energy Storage and AI-Driven

About Torus: Founded in 2021, Torus is a Utah-based energy solutions company dedicated to making energy storage and management more efficient, affordable, and sustainable.With a focus on American

Energy storage industry sees 117% increase in corporate

Dive Brief: Total global corporate funding for energy storage companies grew by 117% year-over-year in the first half of 2024 to reach $15.4 billion across 64 deals, Mercom Capital Group said

Energy storage underused as transmission asset amid

Dive Brief: Projects in Wisconsin and California show that bulk energy storage is a potentially valuable transmission grid asset, panelists said Sept. 17 on a Heatmap Labs webinar.. The projects

Eos'' energy storage pipeline grows by $1.3B amid shift

Eos'' energy storage pipeline grows by $1.3B amid shift to larger, longer-duration projects More than half of Eos Energy''s $12.9 billion project pipeline comes from proposals delivered in 2023

Redoxblox raises $40.7M to commercialize long-duration

· Dive Insight: Redoxblox''s thermochemical battery design is one of several non-lithium energy storage technologies that could enable cost-effective long-duration grid storage at scale.. Its 20

DTE Energy to deploy 220 MW of battery storage at former

DTE Energy''s retired Trenton Channel coal-fired power plant. The Detroit-based utility company plans to build a 220-MW, four-hour battery storage project at the plant''s site, DTE Energy said Monday.

DOE awards Moment Energy $20.3M to repurpose

· Dive Brief: Moment Energy will build its first gigawatt-scale factory in the United States with $20.3 million in grant funding from the U.S. Department of Energy, the energy storage manufacturer

Pennsylvania issues guidelines on using energy storage

Dive Insight: On August 24, 2023, the PUC agreed to develop a policy statement that includes a definition of energy storage assets and resources and clarifies when such resources can be deployed

Lithium battery oversupply, low prices seen through 2028

Dive Insight: Section 301 tariffs and the Inflation Reduction Act''s 45X tax credit could make U.S.-made lithium-ion battery energy storage systems cost-competitive with Chinese-made systems as

Utility and Energy Transmission & Distribution News | Utility Dive

Utility Dive provides news and analysis for energy and utility executives. We cover topics like smart grid tech, clean energy, regulation, generation, demand response, solar, storage, transmission

New York PSC adopts energy storage road map detailing

The PSC order targets 3 GW of new utility-scale storage, 1.5 GW of new retail storage and 200 MW of new residential storage in addition to the 1.3 GW of storage assets already deployed in the state.

Apex Clean Energy enters joint venture to own US energy storage

The energy storage industry has seen massive growth in the U.S. in recent years, breaking records by installing 7,322 MW of storage on the grid during the third quarter of 2023, according to the

US energy storage installations rise 62% in Q2, to 2.9 GW: ACP

Dive Brief: The U.S. energy storage sector marked its second strongest quarter on record in Q2 2024 with 2.9 GW of newly installed capacity, a 62% jump from Q2 2023, the American Clean Power

How energy storage insulates utilities against rising

But utility-scale energy storage capacity (battery storage) in the U.S. is expected to nearly double in 2024 to 30 GW and continue a steep climb through the end of the decade, when total power

New York energy storage additions since 2018 approach 1

Dive Brief: Developers have deployed 396 MW of energy storage capacity and awarded or contracted another 581 MW in New York since the state first set energy storage goals in 2018, the New York

Utility dive energy storage [PDF]

6 FAQs about [Utility dive energy storage]

How many MWh did the energy storage industry add?

The U.S. energy storage industry added a record 5,597 MWh in the second quarter of this year, reversing two quarters of declining growth. A rendering of a battery energy storage power plant system. Wood Mackenzie projects that between 2023 and 2027, the U.S. energy storage market will install close to 66 GW of capacity. Petmal via Getty Images

Should utilities go 'all in' on storage?

In fact, the time is ripe for utilities to go “all in” on storage or potentially risk missing some of their decarbonization goals. The power sector stands at a crossroads, potentially facing unprecedented challenges as the need for decarbonization intensifies.

How to improve energy storage industry competitiveness?

Efficient manufacturing and robust supply chain management are important for industry competitiveness of energy storage: Establishing domestic manufacturing facilities and supply chains, along with diversification through free trade agreement countries, can enhance the resilience of the energy storage industry.

How does energy storage work?

Energy storage also converts energy from one medium to another—whether it be mechanical energy in a pumped hydro facility or chemical energy in a battery—so that energy can be provided when it is needed by the grid.

How many energy storage projects are there in 2023?

As of July 2023, around 111 GW of energy storage projects are in various stages of development. 6 Moreover, corporate documents show an upward trend of positive mentions of energy storage by a growing number of chief executive officers and chief financial officers of utility companies. 7

Why is energy storage important?

Energy storage is critical for mitigating the variability of wind and solar resources and positioning them to serve as baseload generation. In fact, the time is ripe for utilities to go “all in” on storage or potentially risk missing some of their decarbonization goals.

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