Here come the off-grid microgrids and nanogrids Navigant Research forecasts that annual revenue for off-grid power will exceed $25 billion in 2024 as remote areas of the world install microgrids and nanogrids. Nanogrids alone are expected to become a $17.5 billion annual business by 2024, driven by growing need to charge cellphones in the … [Read more...]
Led by Building Efficiency, the Advanced Energy Market is Bigger than Beer
March 7, 2016 By 5 Comments
Building efficiency led the 8 percent growth in global advanced energy in 2015, according to a new report from the Advanced Energy Economy. "The U.S. advanced energy market hit $200 billion, nearly double the nation’s beer market, larger than pharmaceutical manufacturing, and closing in on wholesale consumer electronics," said AEE in releasing … [Read more...]
One Good Year Deserves Another: Energy Storage in 2016
February 16, 2016 By Leave a Comment
Last year’s gains in the battery sector are likely to propel development of energy storage in 2016 and beyond. Peter Maloney, a contributor for Renewable Energy World, explains. Last year was big for battery energy storage. Technology prices continued to fall. Milestone projects got under way, and the sector gained wide media … [Read more...]
New Deals for California Energy Storage Companies that Make Buildings into Virtual Power Plants
October 13, 2015 By Leave a Comment
California and Hawaii are about to see more transformation of buildings into a kind of virtual power plant with projects announced this week by two energy storage companies pushing the concept. Advanced Microgrid Solutions (AMS) is working with real estate developer Irvine Company and SunEdison to create what it calls hybrid-electric buildings … [Read more...]
Aggregated Energy Storage Has Arrived: Rocky Mountain Institute
October 5, 2015 By Leave a Comment
The Rocky Mountain Institute's Garrett Fitzgerald analyzes the results of Stem's history-making aggregated energy storage bid into the California real-time energy market. Earlier this month, energy storage developer Stem aggregated a fleet of behind-the-meter (BTM) energy storage systems and successfully bid into the California Independent … [Read more...]
Quick Microgrid News…How about Wave Energy Microgrids?…Stem’s Big Game Changer
September 4, 2015 By Leave a Comment
We hear a lot about solar and wind microgrids. So now how about wave energy microgrids? Australian company Carnegie Wave Energy today signed an agreement with the Republic of Seychelles to investigate commercial wave and microgrid opportunities in the 115-island country off the coast of South Africa. Under the memorandum of understanding, … [Read more...]
Latest on the Electric Grid Revolution in California and New York
July 27, 2015 By 3 Comments
Revolutions seem to take forever, and then happen overnight. The electric grid revolution is still in the forever stage. But California and New York covered some big ground over the last couple of weeks. The two states are moving toward a decentralized, more democratic, less monopolized electric grid, one where energy markets are open to the … [Read more...]
Exelon and Total Make $27M Investment in California Energy Storage Company
January 8, 2015 By 4 Comments
Stem, one of the energy storage winners from Southern California Edison’s recent solicitation, has secured a $27 million round of equity financing from subsidiaries of two major energy players, Exelon and Total. The deal underscores the growing interest utilities and conventional players are showing in energy storage. For example, California’s … [Read more...]
Stem Secures up to $100M to Finance Storage Projects; Expands into New York
September 16, 2014 By 1 Comment
Stem, a California company that combines advanced energy storage and real-time data analytics, has secured up to $100 million to finance new projects that feature its technology. The company intends to use the new fund to move into emerging markets like New York, where battery-based storage is increasingly being installed to relieve grid … [Read more...]
