Kilowatt-hour

Envision Energy Successfully Hosts the 9th Energy Storage Summit in London

Retrieved on: 
Friday, February 23, 2024

LONDON, Feb. 23, 2024 /PRNewswire/ -- Envision Energy, a leading global green tech company, is proud to announce its successful sponsorship of the 9th Edition of the Energy Storage Summit, held in Hammersmith, London.

Key Points: 
  • LONDON, Feb. 23, 2024 /PRNewswire/ -- Envision Energy, a leading global green tech company, is proud to announce its successful sponsorship of the 9th Edition of the Energy Storage Summit, held in Hammersmith, London.
  • This premier event, one of Europe's largest networking events for the energy storage sector, hosted over a thousand delegates from across the globe.
  • During the summit, Envision Energy's Global Vice President, Mr. Kane Xu, delivered the opening keynote, highlighting the growing potential and importance of the Energy Storage Sector globally.
  • To date, Envision Energy has installed over 200 energy storage projects, with an impressive 10 GWh shipped and over 15 GWh ordered.

Arevon Secures $1.1 Billion Financial Close for Eland 2 Solar-plus-Storage Project

Retrieved on: 
Thursday, February 22, 2024

NEW YORK and SCOTTSDALE, Ariz., Feb. 22, 2024 /PRNewswire/ -- Arevon Energy, Inc., a leading renewable energy developer, owner, and operator, today announced it has secured more than $1 billion in aggregate financing commitments for its Eland 2 Solar-plus-Storage Project in Kern County, California. The 374 megawatt (MWdc) solar project coupled with 150 MW/600 megawatt hours (MWh) of energy storage is under early-stage construction and is anticipated to come online in Q1 2025.

Key Points: 
  • Arevon obtained $654 million of debt financing including a construction-to-term loan, a tax equity bridge loan, and letter of credit facilities.
  • Daniel Murphy, Director of Project Finance at Arevon, remarked: "The Eland 2 financing is an amazing accomplishment after Eland 1 which achieved financial close in 2022.
  • Eland 2 , combined with the project's first phase, Eland 1 , collectively represent one of the largest power plants in Arevon's portfolio.
  • "The Eland projects highlight our team's financial strength, industry expertise, and thoughtful approach to fostering a sustainable energy infrastructure.

Redefining ESS to Help Restore Our Planet | EVE Attends Energy Storage Summit 2024 in London and Delivers a Speech

Retrieved on: 
Thursday, February 22, 2024

LONDON, Feb. 22, 2024 /PRNewswire/ -- On February 20-21, the 9th Energy Storage Summit 2024 was convened in London, the United Kingdom.

Key Points: 
  • LONDON, Feb. 22, 2024 /PRNewswire/ -- On February 20-21, the 9th Energy Storage Summit 2024 was convened in London, the United Kingdom.
  • At the summit, Wendy Ye, CMO of EVE Energy Storage Co., Ltd., made a keynote speech titled "Redefining ESS with the Next-Generation Mr. Big & Mr.
  • Giant", in which she reviewed the evolution of energy and looked ahead to the future of energy storage.
  • She also elaborated on the Mr Flagship Series products, providing reliable and innovative insights for the development of energy storage.

Report: Solar Power is Cheaper Than Ever--but Overreliance Risks Destabilizing US Electricity Markets and Undermining Energy Investments

Retrieved on: 
Wednesday, February 21, 2024

Heavy Focus on Solar Might Create Volatile US Electricity Markets , allowing solar to become the dominant source of energy without adequate storage capacity might fuel greater volatility in US electricity wholesale markets—and potentially even negative prices during daytime hours.

Key Points: 
  • Heavy Focus on Solar Might Create Volatile US Electricity Markets , allowing solar to become the dominant source of energy without adequate storage capacity might fuel greater volatility in US electricity wholesale markets—and potentially even negative prices during daytime hours.
  • "Cheap solar power will be key to meeting renewable energy goals, but the intermittent nature of the technology poses serious challenges," said Alex Heil, Senior Economist at The Conference Board.
  • Crucially, concomitant investment in baseload power sources, grid upgrades, and energy storage solutions must keep up with the solar buildout."
  • Despite the variability of solar energy and resulting low or negative wholesale electricity prices, tax credits and incentives continue to encourage solar installation in California and elsewhere.

Global Transportation Battery Industry Research Report 2024-2028 Featuring BYD Co, Samsung SDI, GS Yuasa Corp, Johnsons Controls, and Exide Technologies - ResearchAndMarkets.com

Retrieved on: 
Thursday, February 15, 2024

The "Transportation Battery Market, Size, Global Forecast 2024-2028, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Transportation Battery Market, Size, Global Forecast 2024-2028, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis" report has been added to ResearchAndMarkets.com's offering.
  • Additionally, high initial costs, limited range, and volatile oil prices pose potential constraints on the overall growth of the global Transportation Battery Market.
  • Furthermore, the increasing integration of electronics and growing transportation needs contribute to the growth of the transportation battery market.
  • By Battery Type, the Transportation battery market is segmented into Lithium Ion Battery, Lead Acid Battery and Other Battery Types.

IDACORP, Inc. Announces Fourth Quarter and Year-End 2023 Results, Initiates 2024 Earnings Guidance

Retrieved on: 
Thursday, February 15, 2024

IDACORP's net income decreased $10.8 million for the fourth quarter of 2023 compared with the fourth quarter of 2022, due primarily to lower net income at Idaho Power.

Key Points: 
  • IDACORP's net income decreased $10.8 million for the fourth quarter of 2023 compared with the fourth quarter of 2022, due primarily to lower net income at Idaho Power.
  • Milder weather in the fourth quarter of 2023, when compared with the fourth quarter of 2022, caused customers to use less energy on a per-customer basis for heating.
  • Depreciation expense increased $7.2 million in the fourth quarter of 2023 compared with the fourth quarter of 2022, due primarily to an increase in plant-in-service.
  • The $17.2 million decrease in Idaho Power income tax expense in fourth quarter of 2023 compared with fourth quarter of 2022 was primarily due to plant-related tax adjustments at Idaho Power.

EnerSys Selects Greenville, South Carolina to Advance its Lithium Battery Production in the United States

Retrieved on: 
Wednesday, February 14, 2024

EnerSys (NYSE: ENS), the global leader in stored energy solutions for industrial applications, has announced that it has selected Greenville, South Carolina to develop a lithium-ion cell gigafactory to advance battery production in the United States.

Key Points: 
  • EnerSys (NYSE: ENS), the global leader in stored energy solutions for industrial applications, has announced that it has selected Greenville, South Carolina to develop a lithium-ion cell gigafactory to advance battery production in the United States.
  • EnerSys has applied for a comprehensive incentive package through South Carolina and Greenville County valued at approximately $200 million, which includes a combination of short-term and long-term incentives.
  • “Congratulations to EnerSys and Greenville County on a partnership that brings new opportunities to South Carolina.
  • “We are pleased that EnerSys chose South Carolina to increase its statewide presence and host such a large operation.

Norsk Hydro: Changing the aluminium game - Strengthening position in challenging markets

Retrieved on: 
Wednesday, February 14, 2024

All business areas, except Bauxite & Alumina, delivered returns above their cost of capital in challenging markets during 2023.

Key Points: 
  • All business areas, except Bauxite & Alumina, delivered returns above their cost of capital in challenging markets during 2023.
  • At the same time, lower trailer build rates in North America have started to negatively impact demand in the transport segment.
  • A weakening extrusion ingot market is further putting pressure on product premiums and several remelters are faced with negative margins, consequently.
  • The transactions enable capital reallocation into strategic growth areas, strengthening Hydro’s earnings resilience in a rapidly changing global landscape.

SDG&E UNVEILS FOUR ADVANCED MICROGRIDS TO BOOST GRID RESILIENCE AND RELIABILITY

Retrieved on: 
Tuesday, February 13, 2024

SAN DIEGO, Feb. 13, 2024 /PRNewswire/ -- San Diego Gas & Electric (SDG&E) unveiled four new microgrids featuring advanced remote operation capabilities and state-of-the-art safety technologies to help enhance grid reliability and bolster resiliency for the surrounding communities.

Key Points: 
  • SAN DIEGO, Feb. 13, 2024 /PRNewswire/ -- San Diego Gas & Electric (SDG&E) unveiled four new microgrids featuring advanced remote operation capabilities and state-of-the-art safety technologies to help enhance grid reliability and bolster resiliency for the surrounding communities.
  • The ability to remotely operate microgrids offers real-time monitoring, faster response to grid events, more efficient energy storage management, and enhanced grid resilience designed to help, optimize overall performance, reliability, and sustainability.
  • These systems utilize lithium iron phosphate (LFP) battery cells and have advanced safety and fire prevention features.
  • "These microgrids will actively dispatch clean energy to the grid when needed and help improve energy resiliency for critical facilities like fire stations, schools, and cooling centers in San Diego."

Leclanché and Tesla L.H. Complete Installation and Commissioning of Battery Storage System for Veolia Gas Power Plant in Levice, Slovakia

Retrieved on: 
Tuesday, February 13, 2024

Complete Installation and Commissioning of Battery Storage System for Veolia Gas Power Plant in Levice, Slovakia

Key Points: 
  • Complete Installation and Commissioning of Battery Storage System for Veolia Gas Power Plant in Levice, Slovakia
    Leclanché and Tesla L.H.
  • Complete Installation and Commissioning of Battery Storage System for Veolia Gas Power Plant in Levice, Slovakia
    Leclanché provided its advanced energy management software and 5.2 MW, 2.9 MWh fully integrated energy storage system
    YVERDON-LES-BAINS, Switzerland and LEVICE, Slovakia, 13th February 2024 – Leclanché SA (SIX: LECN), one of the world’s leading energy storage solutions companies, and Tesla L.H.
  • , a Slovakian equipment manufacturer and solutions provider, have successfully completed their collaboration and commissioned a novel energy storage system for a natural gas-fired power plant located in Levice, a town in Western Slovakia (picture available here ).
  • Leclanché supplied the inverters, the battery energy storage system (BESS) and its advanced energy management software (EMS) for the project.