Boston startup Form Energy has secured $200 million Series D funding for the development of what is being called a breakthrough in energy storage.
The report pegged the cost of adding storage to PV on the order of $700-1,300/kWh of storage capacity and the present-value benefit to the host customer of roughly $500-1,000/kWh.
Made up of distributed residential energy storage, these “plants” stabilize the grid and often end the need for new fossil generation. Tesla customers in California are the latest to join the movement.
Also on the rise: Sandia develops a grid-scale battery storage technology, NREL researchers write code to make legacy inverters smarter, and take a moment to admire these solar panels.
The battery operates at 230 degrees Fahrenheit, opening what researchers said could be “a whole cascading cost savings” including everything from less expensive materials to less insulation.
In court filings, the Ohio utility admitted it conspired with public officials to pay millions of dollars for legislation favorable to its nuclear power plants.
Data suggest that renewable penetration might reach only one-half of U.S. electricity supply by 2030, but the goal of 80% by 2030 remains possible.
The deal marks American Clean Power Association’s second major merger since founding in early 2021, and will bring in close relationships with more than 200 companies across all aspects of energy storage.
The national laboratory developed the baseline products to develop and document transparent, normalized technology cost and performance assumptions.