Ballard Power Systems (NASDAQ: BLDP; TSX: BLD) today announced that it has signed a definitive agreement to acquire Protonex Technology Corporation ("Protonex"; www.protonex.com), a leading designer and manufacturer of advanced power management products and portable fuel cell solutions. As consideration for the transaction, valued at $30 million, Ballard is assuming and paying Protonex's debt obligations at closing, currently estimated at approximately $4.4 million, and paying the balance of approximately $25.6 million through the issuance of 11.2 million Ballard shares. The number of Ballard shares to be issued is subject to adjustment based on the final debt obligations at closing.
By implementing the IMERGY storage solution in the premises, GAT is able to store the energy produced by the PV panels during the day and use it during the non-solar time, thus eliminating the diesel generator run to provide clean power when needed.
Seeking to help states better address the value proposition of solar+storage systems, the Interstate Renewable Energy Council, Inc. (IREC) engaged Clean Power Research (CPR) to develop a methodology that could be used to value solar energy coupled with battery storage. The methodology described in the report can be applied in any location. It focuses on Hawaii as an example, as it is likely to be an early adopter of storage regulations. "The concept of adding batteries alongside a utility customer's solar array intrigues utility customers, solar developers, and utility planners on several levels, but the underlying question for everyone is whether adding batteries is 'worth it,'" says Jason Keyes, Partner at Keyes, Fox & Wiedman LLP, attorney for IREC and report collaborator. Though still at a nascent stage, the recent rapid growth in the distributed energy storage market suggests that now is an opportune time to take a closer look at distributed energy storage, especially in combination with distributed solar, and the values it has to offer. The new IREC study lays out the methodology to do just that and sets forth a pathway for more robust analysis and dialogue. Cont'd...
Landmark Methodology Report Helps Unlock Value of Solar PV + Energy Storage A Framework to help states quantify benefits, understand opportunities
SunEdison and Green Charge Networks Team Up To Deliver Additional Electricity Savings With Solar Plus Energy Storage Offering
Silicon Valley Power is the First Joint Customer of the New Strategic Partnership ----California Commercial and Municipal Customers Can Save Even More with Zero Upfront Costs
Ultracapacitors have other significant advantages compared to batteries such as high power density, high efficiency, long service life, predictable aging, wide operating temperature range and light weight.
Future Transport Systems (FTS) is celebrating after winning its first national award on Thursday 18th June. FTS won the Innovation Category of the British Renewable Energy Awards 2015 with its E-STOR product. E-STOR re-purposes used electric car battery packs to store and distribute power generated by renewables - and optimise its use.
Alstom and Saft's innovative energy storage goes live at EDF's Concept Grid
BNEF's forecast to 2040 sees $2.2 trillion boom in small-scale solar as consumers seize control of their power, and weaker growth in electricity demand, but prospects for the climate are bleak
Company Emerges from Stealth with $50M in Private Capital and a Revolutionary New Technology That Will Slash Today's Lithium-Ion Battery Costs by 50%
A German company has ordered two fuel cell stacks of the S2 platform of 25 kW each.
CalCom Solar Recognized by Governor's Office of Business and Economic Development with California Competes Award
Cal Competes Spurs Additional Solar Deployment and Job Creation in Central Valley by Providing Tax Credits to Fast-growing Companies like CalCom Solar
Today, 24M emerged from stealth mode to introduce the semisolid lithium-ion cell, a revolutionary technology that solves the grand challenge of energy storage by enabling a new, cost-effective class of the lithium-ion battery. 24M’s semisolid lithium-ion is the most significant advancement in lithium-ion technology in more than two decades and combines an overhaul in battery cell design with a series of manufacturing innovations that, when fully implemented, will slash today’s lithium-ion costs by 50% and improve the performance of lithium-ion batteries. The technology will accelerate the global adoption of affordable energy storage. Until now, the energy storage field has had two options to try to drive down costs – build massive and complex factories to produce lithium-ion batteries in high volumes or pursue entirely new chemistries that may never move from the lab to the commercial floor. With the invention of the semisolid lithium-ion battery, 24M presents a third option – work with the world’s preferred energy storage chemistry and unlock new opportunities for cost reductions through new cell design and manufacturing innovations. 24M’s platform is the most significant advancement in lithium-ion technology since its debut more than 20 years ago.
UniEnergy Technologies Announces Commissioning of Largest Capacity Flow Battery in North America and Europe
The largest capacity flow battery operating in North America and Europe.
The conference and exhibition gave the energy industry the chance to celebrate achievement, tackle challenges and highlight future opportunities
Records 1771 to 1785 of 1981
Energy Storage & Distribution - Featured Product
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