With the days of solar net metering “numbered” and more utilities looking to deploy virtual power plants that compensate owners of distributed storage, industry veteran Jigar Shah sees virtual power plants as a route to industry success.
As the energy storage trend unfolds, stories litter the media landscape about lithium-ion batteries catching fire, and even exploding. It’s a valid concern, and the time for consumers to understand a basic truth about lithium-ion batteries is long past due.
Also on the rise: Honeywell invests in ESS to advance adoption of iron flow battery energy storage. Panasonic introduces half-cut HJT residential solar module, and more.
The intrinsic efficiency of renewables will lower the overall cost of energy from 4% of GDP today to about 2.5% by 2050, said a report from DNV.
The project team is led by the State of California through the California Energy Commission, and joined by Faraday Microgrids, and Redflow with zinc bromine flow batteries.
The company released new modules, a home battery system and energy management device.
Honeywell purchased $27.5 million in ESS common stock and intends to purchase $300 million in ESS product, with $15 million prepaid. The collaboration enables Honeywell to integrate ESS technology into its global offering, and ESS gains license to Honeywell’s flow battery intellectual property.
A dozen U.S. utilities have targeted at least 80% carbon-free generation by 2030. The Smart Electric Power Alliance hopes that their strategies to get there will influence other utilities to accelerate their own clean energy commitments.
Also on the rise: Nextracker opens steel manufacturing facility in Las Vegas. Briggs & Stratton launches new lithium iron phosphate battery packages. And more.
The Canadian Climate Institute released a report that details how to unlock lower-cost heating and cooling in Canada, outlines barriers to adoption, and makes recommendations for streamlining the loan and grant application process.
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