sonnen secures $85 million in growth capital and gains new partners in creating the future of energy
Michael McDonald for OilPrice.com: In the future, when investors look back at the year that represented the turning point for clean energy, 2016 may be it. The industry overall is growing at a breath-taking pace, but perhaps not for the reason that some investors think. Energy storage rather than solar power and wind power are the real factors that are driving a revolution across the electrical power industry.
Energy storage changes the equation, not only in the renewables space, but in the conventional utility space as well. The concepts of spin/non-spin reserve costs, peaker prices, and a variety of other conventional concerns for utilities, lose meaning in the context of efficient and cost-effective energy storage. While energy storage was available previously, it’s only today that costs are coming down substantially. Tesla’s economies of scale on battery storage are well-known, but small start-ups like Orison are finding ways to lower costs in innovative ways as well. The graphic below from a recent EPRI presentation highlights the role that multiple layers of costs savings can play in creating economical battery storage. Cont'd...
SUNCNIM has Raised €60 Million to Finance the World's First Fresnel Renewable Energy Thermodynamic Power Plant with Energy-Storage Capacity
Lorraine Chow for EcoWatch: The race to build the world's largest solar power plant is heating up. California-based energy company SolarReserve announced plans for a massive concentrated solar power (CSP) plant in Nevada that claims to be the largest of its kind once built.
SolarReserve CEO Kevin Smith told the Las Vegas Review-Journal that the $5 billion endeavor would generate between 1,500 and 2,000 megawatts of power, enough to power about 1 million homes. That amount of power is as much as a nuclear power plant, or the 2,000-megawatt Hoover Dam and far bigger than any other existing solar facility on Earth, the Review-Journal pointed out.
"It's a big project," Smith told the publication. "It's an ambitious project." Cont'd...
Powerstorm Energy Storage Solutions (ESS) Provides Update on Company Progress and the Development of Their zeroXess Technology
Records 121 to 135 of 2352