Student-run event spans energy policy, carbon pricing, storage technologies, and the rise of renewables. The 14th annual student-run MIT Energy Conference, the nation’s largest such event, reflected an increasing maturity in the low-carbon and zero-carbon energy field. A global push toward carbon-free energy, many speakers made clear at the event, held April 4 and 5 […]
House Introduces Energy Storage Tax Credit Bill
Another attempt to earn federal tax credits for stand-alone storage, and a proposal to extend an even broader set of clean energy tax incentives. Amidst a flurry of energy and climate change legislation being introduced in the Democratic-controlled U.S. House of Representatives, this week saw lawmakers reintroduce a perennial attempt to add stand-alone energy storage […]
Florida Power & Light’s Huge Solar-Plus-Storage System the ‘New Norm’ for Utilities
The NextEra-owned utility’s 409-megawatt Manatee Energy Storage Center will be powered by utility-scale solar. Florida Power & Light, the utility owned by NextEra Energy, said it plans to build a 409-megawatt energy storage project to be powered by utility-scale solar, among the largest battery systems announced to date in the U.S. Expected to be up […]
Florida Power & Light’s Huge Solar-Plus-Storage System the ‘New Norm’ for Utilities
The NextEra-owned utility’s 409-megawatt Manatee Energy Storage Center will be powered by utility-scale solar. Florida Power & Light, the utility owned by NextEra Energy, said it plans to build a 409-megawatt energy storage project to be powered by utility-scale solar, among the largest battery systems announced to date in the U.S. Expected to be up […]
Repsol Invests in Storage Startup Ampere Amid Shift to Cleaner Energy
The Spanish oil company’s backing of Ampere follows Shell’s recent acquisition of German battery company sonnen. Spain’s largest oil and gas company, Repsol, has invested in Spanish battery startup Ampere Energy, in a move to emulate industry peers taking positions in clean energy technologies. Madrid-based Repsol this month put an unspecified amount into Ampere, a […]
Report: Levelized Cost of Energy for Lithium-Ion Batteries Is Plummeting
Bloomberg New Energy Finance finds the long-term costs of multi-hour energy storage can compete with natural gas and coal in an increasing number of markets today. The long-term cost of supplying grid electricity from today’s lithium-ion batteries is falling even faster than expected, making them an increasingly cost-competitive alternative to natural-gas-fired power plants across a […]
24M Unveils ‘Dual Electrolyte’ Battery Tech to Unlock Higher Energy Density
If commercialized, this design could produce lithium metal batteries that pack twice as much energy as what’s on the market today. Battery materials startup 24M revealed Wednesday that it has developed a “dual electrolyte” architecture that could unlock significant gains in battery performance for electric vehicles. The ongoing effort to improve lithium-ion batteries triggers a […]
24M Unveils ‘Dual Electrolyte’ Battery Tech to Unlock Higher Energy Density
If commercialized, this design could produce lithium metal batteries that pack twice as much energy as what’s on the market today. Battery materials startup 24M revealed Wednesday that it has developed a “dual electrolyte” architecture that could unlock significant gains in battery performance for electric vehicles. The ongoing effort to improve lithium-ion batteries triggers a […]
India’s Energy Storage Market Is Finally Starting to Grow
Seven tenders for a total of 84 megawatt-hours have now been issued. India is finally seeing the emergence of a grid-scale energy storage market after years of anticipation. This month the Solar Energy Corporation of India (SECI) invited bids for 3.6 gigawatt-hours of storage connected to 1.2 gigawatts of solar on India’s interstate transmission system, […]
Maryland’s Pioneering Energy Storage Income Tax Credit Turns 2
As Maryland’s first-in-the-nation energy storage income tax credit marks its second year, GTM checks in on the program’s results thus far. Can an income tax credit boost the market for behind-the-meter energy storage systems? Yes, but in Maryland’s experience that measure alone is not enough to unlock the market’s full potential. In 2017, Maryland became […]