Energy Storage

Can Maritime Electric's $427M Project Meet P.E.I.'s Growing Power Needs?
Infrastructure & Technology Can Maritime Electric's $427M Project Meet P.E.I.'s Growing Power Needs?

Prince Edward Island (P.E.I.) is grappling with a significant challenge as it strives to meet its escalating power demands effectively. Maritime Electric, the principal electrical utility on the island, has tabled an ambitious infrastructure project estimated to cost $427 million, aiming to bolster

DOE Approves $7.54B Loan for Stellantis and Samsung's Battery Plants
Renewable Energy DOE Approves $7.54B Loan for Stellantis and Samsung's Battery Plants

Starting a transformative chapter in the electric vehicle (EV) industry, StarPlus Energy, a joint venture between Stellantis and Samsung SDI, has finalized a $7.54 billion loan from the Department of Energy (DOE). The funding, declared on December 18, 2024, is allocated for the construction of two

LIPA Approves Large-Scale Battery Projects to Strengthen Long Island Grid
Energy Management LIPA Approves Large-Scale Battery Projects to Strengthen Long Island Grid

In December 2023, the Long Island Power Authority (LIPA) in New York approved two large-scale battery energy storage system (BESS) projects developed by Key Capture Energy (KCE). This approval marks a significant move towards reinforcing the energy infrastructure and aligning with New York's

Clearway's $550M Solar-Storage Project Advances Renewable Energy in CA
Energy Management Clearway's $550M Solar-Storage Project Advances Renewable Energy in CA

The renewable energy landscape continues to evolve with innovative projects like Clearway Energy Group's latest solar-plus-storage initiative. With a strategic focus on integrating solar power and battery storage, this project not only underscores renewable energy gains but also addresses grid

Texas Energy Storage Expansion Saves $750 Million in Electricity Costs
Energy Management Texas Energy Storage Expansion Saves $750 Million in Electricity Costs

The rapid deployment of energy storage in Texas since 2023 has had an incredible impact on the state's energy landscape, benefiting consumers and increasing grid reliability. According to the American Clean Power Association (ACP), this extensive expansion yielded at least $750 million in

Is the U.S. Energy Storage Market Ready for an Unprecedented Boom?
Energy Management Is the U.S. Energy Storage Market Ready for an Unprecedented Boom?

The U.S. energy storage market is experiencing a remarkable surge, setting groundbreaking deployment records in the third quarter of 2024. This surge is driven by significant increases in both grid-scale and residential energy storage installations, with Texas and California leading the charge. The

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