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May 1, 2024

Energy Storage

BloombergNEF
BNEF Summit Focuses on Financing Energy Transition, Fast and Slow
Global investment in passenger electric vehicles was up 36% in 2023, investment in energy storage jumped 77%, and investment in carbon capture and storage nearly doubled.
Bureau of Land Management
New Jersey BPU Picks 8 Grid-scale Solar Projects Totaling 310 MW
The New Jersey Board of Public Utilities approved eight solar projects in its second solicitation for grid-scale projects, nine months after declining to support any bids in the first solicitation due to cost. 
Z22, CC BY-SA 4.0, via Wikimedia Commons
Analysis Shows Potential of 4-Hour Batteries in Maine
New grid-scale battery storage in Maine would be cheaper than new fossil peaker plants when accounting for societal costs of air pollution and carbon emissions, according to a new report.
© RTO Insider LLC
Summit Attendees Receive Updates on NY Renewable Energy Efforts
Wind, storage, solar and hydrogen make advances and face challenges in New York state.
Lawrence Berkeley National Laboratory
IRA Driving New Clean Energy as Interconnection Queue Backlogs Persist
Interconnection requests across the U.S. shot up by 30% in 2023, with close to 2,600 GW of solar, wind and storage waiting to land a spot on the grid
Shutterstock
Key Energy Bills Win Crossover Votes in Md. General Assembly
Bills moving forward could introduce voluntary time-of-use rates in the state, disclosure statements about green power and point-of-sale EV rebates.
Invinity
LPO Announces $72.8M Loan for Tribal Microgrid
Currently under construction, the Viejas microgrid will combine 15 MW of solar with 38 MWh of long-duration, non-lithium storage and is the first loan the LPO has made under its long-dormant Tribal Energy Financing Program.
Hydro-Québec
Québec, New England See Shifting Role for Canadian Hydropower
With the days of endless cheap hydropower in Québec coming to an end, and the Northeastern U.S. hoping to rapidly scale up intermittent renewables, the two regions may be forced to fundamentally reconsider the role of hydropower on the grid. 
Three Mile Bay Fire Company
Insurer: Majority of BESS Failures are in First Two Years
A new report indicates battery energy storage system failures are ramping up with the spread of the technology, and most often occur in new systems. 
EIA
Fossil Retirements to Slow Briefly as Solar and Storage Proliferate
The U.S. Energy Information Administration reports that fossil fuel generation retirements will slow in 2024 and that solar and storage will dominate capacity additions. 

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