UGE Works with Export Development Canada to Arrange Construction Finance Facility for International Commercial Solar Projects
By 2025, 84 Percent of Projects in the Grid-Tied Stationary Battery Energy Storage Market Are Expected to Be Financed by Third Parties or Utilities, According to Navigant Research
Michael Kanellos for Forbes: The optimism in the energy storage industry is based on soaring demand, rapid technological advances, expanding capacity and, for some, what will likely be a scary competitive environment.
First, the good news. Lithium ion battery packs over the last ten years have declined faster than the cost of solar, said John Carrington, CEO of Stem, which makes behind-the-meter storage systems for hotels and other commercial customers looking to shave peak power costs, during a hallway meeting at Finance West sponsored by the American Council of Renewable Energy this week.
Solar panels have declined by 50% or more in the last five years. Batteries have declined by 80% in three years, he said. Battery packs hit the under $300 per kilowatt hour mark last December, Carrington added. By 2020, battery pack prices could drop to $190 per kilowatt hour. (In 2007, lithium ion battery packs in the wholesale markets sold for around $1,000 per kilowatt hour.) Cont'd...
NEC Energy Solutions to Supply Major California Utility With First "Plug-And-Play" Battery Grid Energy Storage Solution
Daniel J. Graeber fro UPI: Areas off the New York coast will be open for offshore wind energy bidders, but some area is reserved because of ecological concerns, the U.S. government said.
The U.S. Interior Department, in coordination with its Bureau of Ocean Energy Management, said it would open 79,350 acres off the coast of New York up for a commercial wind energy lease sale. About 1,780 acres was removed because of environmental concerns associated with a subsea feature known as the Cholera Bank.
"In a comment letter, the National Marine Fisheries Service identified the Cholera Bank feature as a sensitive habitat to be avoided for the placement of structures," an Interior Department stated read. "As a result of this removal, the revised lease area will be approximately two percent smaller than the lease area considered in the proposed sale notice." Cont'd...
Records 241 to 255 of 2524