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Energy Storage

Imergy Uses Vanadium from Sludge for Flow Batteries

Linda Hardesty

Imergy Power Systems says it has achieved a milestone in energy storage by developing a process for producing flow batteries with recycled vanadium from mining slag, oil field sludge, fly ash, and other forms of environmental waste. Imergy says other manufacturers of vanadium flow batteries build their devices with virgin vanadium extracted from mining. It   …Continue Reading

Tesla, Panasonic Reach ‘Gigafactory’ Deal

Karen Henry

Tesla Motors and Panasonic have reached a deal for Panasonic to invest in Tesla’s “gigafactory,” according to reports citing Japan’s Nikkei. Panasonic would invest about $200 million to $300 million in the factory. An official announcement is expected by the end of the month. Shares of the electric car maker rose 2.5 percent on the   …Continue Reading

Sharp Enters Energy Storage Business, Purchases Battery Converter from Ideal Power

Linda Hardesty

Sharp Electronics launched its SmartStorage energy system, which is immediately available throughout California and will be expanded to other states in the second half of 2014. SmartStorage operates effectively either as a stand-alone storage system or deployed together with a solar photovoltaic installation. In addition, Sharp Electronics signed a multi-year purchase agreement with Ideal Power   …Continue Reading

The CPUC’s Energy Storage Rulemaking: Developing the Bridge to a Renewable Energy Economy

Jennifer Hermes

Energy storage is widely considered to be the missing bridge between today’s electric grid, which is reliant on conventional generation that can be dispatched on demand, and an electric grid reliant on increasing levels intermittent renewable resources such as solar and wind. Unlike water, oil, or natural gas, electric energy on today’s electric grid is   …Continue Reading

Green Charge Networks Closes $56M Funding Round

Linda Hardesty

K Road DG is providing $56 million in capital funding and strategic management assistance to Green Charge Networks to accelerate deployment of its GreenStation under Green Charge’s Power Efficiency Agreement (PEA). Green Charge’s GreenStation energy storage system has been installed by 7-Eleven, Walgreens, UPS, school campuses and cities across New York and California. Now with the   …Continue Reading

Stem Installs Energy Storage for Adobe

Linda Hardesty

Stem is going to install its energy storage and real-time data analytics system in Adobe’s historic Baker and Hamilton Building in San Francisco, the oldest LEED platinum building in the world. The system will automatically respond to spikes in the building’s electricity use, drawing on previously stored power to reduce Adobe’s energy costs. Adobe will   …Continue Reading

Hybrid Converter Integrates Multiple Power Sources for Microgrids

Linda Hardesty

Ideal Power introduced its 3-port 30 kW hybrid converter, which offers the ability to integrate energy storage and solar photovoltaic to accelerate deployment of microgrids. The hybrid converter integrates multiple power sources for microgrids, delivering grid resiliency during blackouts and reducing dependency on diesel fuel for off-grid applications. Ideal Power’s Hybrid Converter Family is the   …Continue Reading

VC Funding for Smart Grid at $81M in Q2 2014, Says Mercom

Linda Hardesty

According to consulting firm Mercom Capital Group, venture capital funding into smart grid companies came in at $81 million in 13 deals in Q2 2014, compared to $101 million in 21 deals in Q1 2014. In Q2 2014 some top VC deals include: Sunverge Energy, a developer and manufacturer of distributed energy management systems, raised   …Continue Reading

KT Expands into Energy Sector

Karen Henry

KT, formerly Korea Telecom, is expanding its services offerings to include energy services. According to a Korea Bizwire article, KT will be turning its 400 branch offices and data centers into advanced energy centers. Electric vehicle (EV) charging stations will be installed at each of KT’s branch offices. The EV charging infrastructure will be further   …Continue Reading

Automotive Market on Track to Be Biggest User of Energy Storage

Karen Henry

The automotive market is on its way to displacing consumer electronics as the biggest user of energy storage, according to a new report from Lux Research, “Finding Growth Opportunities in the $50 Billion Energy Storage Market.” Energy storage will grow at a compound annual growth rate (CAGR) of 8 percent to $50 billion in 2020,   …Continue Reading

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