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.
Also on the rise: Bloom Energy will test its hydrogen electrolyzer paired with nuclear power, Sandia offers an open-source energy storage analysis tool (we have a video!), and a PNNL device pops the doors on energy storage cabinets in the event of a thermal emergency.
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: The interconnection logjam for solar is large and growing, says Berkeley Lab in an upcoming study; price quotes for solar saw a big drop in the second half of 2020; and an Illini solar farm lives up to its name by planting a pollinator habitat.
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.
Potomac Edison proposed the two projects in response to Maryland’s Energy Storage Pilot Program, which was established in 2019.
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