The Empire State has charted a path that would transform it into a top-tier global storage market by 2025. Energy storage companies now can apply for $280 million in incentives allocated by New York’s state government. Gov. Andrew Cuomo made energy storage a key pillar of his strategy to secure 100 percent carbon-free electricity by […]
How Power Market Structures are Driving Demand for Energy Storage Investment
On March 19, ACORE hosted an invite-only, executive meeting in Washington, D.C. to discuss evolving business models for energy storage and hybrid projects. Participants in the event, Aligning Market Incentives to Facilitate Financing and Deployment of Energy Storage, ranged from senior-level financiers to corporate offtakers, utilities, developers and wholesale markets. MISO, ERCOT, PJM and Grid Strategies kicked off the meeting with a […]
Arizona firefighters’ injuries keep safety top of storage agenda
A fire at a large-scale battery energy storage project late last week left four firefighters injured in Arizona, with two reported to be seriously injured, in an incident now under investigation. On Friday 19 April, firefighters were called to a fire at utility Arizona Public Service’s (APS) energy storage facility in Surprise, West Valley, Arizona. […]
New DoE framework puts energy storage at heart of Philippines’ energy reforms
Questions around who should own, operate and ultimately benefit from the deployment of energy storage systems could soon be resolved in the Philippines after the government Department of Energy (DoE) issued a set of draft guidelines. In order to accommodate energy storage as an enabler for the modernisation of its electricity networks, the Philippines’ Department […]
New Illinois Bill Targets 100% Renewable—Not Just Clean—Electricity by 2050
Getting to 100 percent renewables is “not just a pie in the sky idea,” according to supporters. The concept of creating a 100 percent clean electricity system only recently went from being fringe to mainstream. Now, the State of Illinois wants to up the ante. California passed legislation to achieve 100 percent clean electricity by […]
Spain’s Renewables Industry Applauds New Payment Scheme
Renewable energy investors could finally get the policy certainty they have been begging for—if the proposal passes. Spain’s renewables industry is celebrating proposed legislation that could provide plant owners with guaranteed income for up to 12 years. The regulatory framework would give renewable energy plant owners the option to stick with their current level of […]
French Environment Minister Shakeup Dampens Renewable Energy Prospects
New environment minister François de Rugy is expected to maintain France’s focus on nuclear. Observers are expecting France to stay true to nuclear power at the expense of renewables following a change in environment minister this month. François de Rugy, a former Ecologist Party member, took up the post of Minister of Ecological and Solidary […]