Energy Storage

Also on the rise: Burns & Mac completes work on a 50 MW solar project for CenterPoint Energy, Fourth Wave to spin off its GeoSolar Tech unit, and Sunwealth secures financing for its LMI solar expansion.

In reporting first quarter results, the company said it would use some of its $1.5 billion in cash to stockpile materials as a hedge against rapid price rises.

Funded by a Department of Energy grant, the project will evaluate Malta Inc.’s thermal energy storage system as a viable, scalable solution.

Separating generation from storage usually delivers higher value, but it may also deliver higher costs, the report said.

We’re on the cusp of what could be a rebirth of American manufacturing and innovation in energy resilience, says the CEO of Eos Energy, as corporations race to reduce emissions and meet climate change goals.

Also on the rise: Goodyear to add solar at an Innovation Center, NextEra Energy Partners expands a finance arrangement, Solar FlexRack supports a Bahamas project, and California’s annual budget aims to boost support for long-duration storage and ZEVs.

Fifteen utility-scale solar projects and two energy storage projects became operational during the first quarter, alongside a 40% increase in wind capacity. Even more is on the horizon, according to a new report.

Also on the rise: DOE funds university hydrogen research, Canadian Solar backs an AI-based energy storage tech provider, Mitsubishi partners to develop hydrogen storage for U.S. markets, and two Canadian companies float a ‘blue’ hydrogen plan.

Around 2 GW of new resources are on their way, but a repeat of last year’s hot summer weather could stress a grid that remains susceptible to high demand for energy.

We’re running out of time to transition our electric grid to clean energy sources at the pace needed to meet climate goals; it’s time to rethink the way states approach interconnection or it will kill our prospects.