Government minister Safia Boly outlines efforts to foster entrepreneurship

Twenty-five countries attracted high-ticket investment deals at the Africa Investment Forum

The chief executive of Ras Al Khaimah Economic Zone (RAKEZ), shares his views over the perks of free zones in emerging markets. 

Tanzania's economy is booming and its tourism sector is thriving. However, concerns about the president's strong-arm tactics and delays in the completion of key infrastructure projects are threatening this growth.

$73.8m mega-project will be the first of its kind in the city.

Announced greenfield projects into China plummeted in early 2020 with the US and Europe taking the lion's share of global foreign investment. 

Philomène Dias, director of inward investment at Portuguese investment promotion agency Aicep, on how staff and organisation are working through lockdown.

Antwerp’s vice-mayor, Claude Marinower, talks about the city's history as a diverse business location, and its plans to promote traditional industries alongside innovative concepts.

Siemens Gamesa Renewable Energy (SGRE) said that is has begun operation of its electric thermal energy storage system (ETES), a milestone in the development of energy storage solutions, according to the company.

Natron Energy said that the California Energy Commission (CEC) awarded it a $3 million grant for “Advanced Energy Storage for Electric Vehicle Charging Support.” Natron will use the money to manufacture and install a high powered, long cycle life energy storage system at an EV Fast Charging station.

Iowa economic development officials are tentatively endorsing a tax credit for battery storage to complement the state’s wind and solar generation.

Go Electric Inc. is a specialist in energy resiliency solutions for microgrids and commercial & industrial customers integrating renewables and generators

Eos Energy Storage is manufacturer and supplier of the zinc-based Aurora 2.0 battery system for Duke Energy's McAlpine substation and as a behind-the-meter solution at the University of California, San Diego. 

8minute Solar Energy, NV Energy and the Moapa Band of Paiutes announced that NV Energy selected 8minute to develop the largest solar plus storage project ever built in Nevada and one of the largest in the world.

Yesterday, ENGIE Storage announced that San Diego International Airport (SAN) installed a 2 MW/4 MWh GridSynergy energy storage system. Paired with the airport’s existing 5.5 MW of solar capacity, the new energy storage system will reduce energy charges during peak demand, which according to ENGIE equate to approximately 40 percent of the airport’s monthly electricity costs. The system is expected to begin operation in early 2020.

On July 1, Public Service of New Mexico filed a plan with regulators in the state for how it plans to get to a 100 percent emission-free power by 2040. The utility reviewed four scenarios, all of which involved the early retirement of the San Juan Coal Plant, to arrive at its recommended path forward.

Given the diverse benefits that microgrids provide – reductions in energy costs, business risk, and carbon emissions, and increases in resiliency and power reliability – one wonders why discussion of microgrids has only started to take off recently.

Commercial property owners with existing energy storage systems, or owners considering implementing an energy storage system, may be able to benefit from a recent order by the Massachusetts Department of Public Utilities (DPU) allowing utility companies to pay customers who agree to rely upon their energy storage systems and dispatch the energy during peak events.

In April 2019, in the heart of coal country, Indiana regulators rejected a proposal by its electric and gas utility, Vectren, to replace baseload coal plants with a new $900 million, 850 megawatt (MW) natural gas-fired power plant. Regulators were concerned that with the dramatic decline in the cost of renewable energy, maturation of energy storage and rapidly changing customer demand, such a major gas plant investment could become a stranded, uneconomic asset in the future. Regulators are now pushing Vectren to consider more decentralized, lower-carbon resources such as wind, solar and storage that would offer greater resource diversity, flexibility and cost effectiveness.

This week artificial intelligence (AI)-driven energy storage services provider Stem said that it had formed a partnership with New York-based private equity company Syncarpha Capital to build 28.2 megawatt-hours (MWh) of large-scale storage projects co-sited with solar in Massachusetts.

Voith has received an order for the Ritom pumped storage power plant in Switzerland, which began operating in 1920 and will be replaced with a new facility.

Gas peaker plants may be among the first casualties of a new Minnesota law requiring utilities to include energy storage as part of their long-range plans.

Finnish energy technology group Wärtsilä has signed an EPC contract for a 100 MW/100 MWh total capacity energy storage project in southeast Asia.

Last week, California’s Glendale Water & Power (GWP) received approval from the Glendale City Council to move forward with a plan to repower the aging Grayson Power Plant with a combination of renewable energy resources, energy storage and a limited amount of thermal generation.

According to the latest forecast by BloombergNEF (BNEF), energy storage installations (not including pumped hydropower) around the world will multiply exponentially, from 9GW/17GWh deployed as of 2018 to 1,095GW/2,850GWh by 2040.

ENGIE Storage has announced it will supply and operate a 19 MW/38 MWh portfolio of six energy storage sites that will contribute to the Solar Massachusetts Renewable Target Program and participate in ISO-New England wholesale markets.

The Skeleton Creek project will be located in three Oklahoma counties

Dominion executives said in an interview this week that battery storage has the potential to improve the resiliency of the electrical grid

California, long a progressive leader on renewable energy and climate change mitigation, has neglected a key market segment for renewable energy: the “community-scale,” or “wholesale distributed generation” (DG), market. This market segment is defined as projects below 20 megawatts that connect to the distribution grid and export power to the grid for sale.

The four proposed central Virginia lithium-ion projects will cost about $33 million to build and offer 5-years’ worth of test data, according to Dominion.

A report recently released by the U.S. Department of Energy defines and evaluates cost and performance parameters of six battery energy storage technologies (BESS) and four non-BESS storage technologies.

South Australian energy storage company 1414 Degrees and Stone & Wood Brewing Company have agreed to undertake a feasibility study for the integration of 1414 Degrees’ electrically charged Thermal Energy Storage System (TESS-IND).

This week, San José’s Community Choice Aggregator (CCA) which is called San José Clean Energy (SJCE) and EDP Renewables SA (EDPR), through its fully owned subsidiary EDP Renewables North America LLC (EDPR NA), signed a 20-year power purchase agreement (PPA) for 100 MW of new solar energy capacity and 10 MW of battery storage at the Sonrisa Solar Park in Fresno County, California. The project is anticipated to be operational in 2022.

The national average price of wind power purchase agreements dropped to below 2 cents/kWh in 2018, according to the annual Wind Technologies Market Report released by the U.S. Department of Energy.

The renewable energy transition promises to reduce carbon emissions, but it’s happening at different speeds around the world. Read on for some key insights from BloombergNEF’s New Energy Outlook 2019, which provides a detailed road map to the future.

Energy Vault, the creator of a new way to perform utility-scale energy storage, announced that SoftBank Vision Fund (Vision Fund) invested $110 million in its Series B funding round. Energy Vault will use the funds to accelerate global deployment of its technology, which enables renewables to deliver baseload power for less than the cost of fossil fuels 24 hours a day, said the company. As part of the investment, Andreas Hansson, Partner for SoftBank Investment Advisers, will join the Energy Vault board of directors.

Hydro Tasmania says it is accelerating detailed investigation of three key opportunities for pumped storage hydro development in the state as part of the Battery of the Nation initiative. Work has begun on a full feasibility assessment of pumped hydro development opportunities at Lake Cethana and Lake Rowallan in the northwest and near Tribute Power Station on the West Coast.

California’s energy storage incentive program has been a great success, with more than 11,000 battery storage systems installed to-date. The problem is, it’s not reaching the state’s most vulnerable communities. A new proposal from the California Public Utilities Commission (CPUC) aims to fix some of the barriers preventing disadvantaged communities from participating in the program, and it allocates $100 million to a new program designed to offset the cost of battery storage systems for populations threatened by wildfires and related utility power shutoffs.

Under a 20-year agreement, AES will provide APS with the storage capabilities powered by Fluence’s Advancion platform.

The Lithuanian Business Support Agency (LSBA) has granted €235,000 (US$267,500) to support development of an experimental floating solar photovoltaic power plant at the existing 900-MW Kruonis pumped-storage hydroelectric plant in Lithuania.

An energy storage system has been installed at the largest single-site solar park in the world.

The unit of NextEra Energy announced plans to build a 409-MW energy storage facility in Manatee County. FPL says the Manatee Energy Storage Center will be the world’s largest solar-power battery system by four-fold.

After announcing nearly a gigawatt of new clean-energy projects in February, APS is now seeking proposals to build two of them in different parts of the state. The first request for proposals (RFP) seeks partners to add batteries to existing APS solar plants in rural Arizona, storing their power for use after the panels stop producing each day. A second partner is being sought to develop a large (100-MW) solar plant paired with an equal amount of storage, to bring more clean energy to customers after dark. Both of these projects will provide APS customers with more solar after sunset, serving their evening energy needs with an even cleaner resource mix.

ComEd sees a significant role for energy storage on Illinois’ electric grid as the state works toward realizing its ambitious renewable goals.

Yesterday, energy storage company Saft said it delivered and installed a turnkey Energy Storage System to Bermuda Electric Light Company (BELCO). The system provides up to 10 MW power for spinning reserves and frequency response to maintain grid stability and has a storage capacity of 5.5MWh, said the company. The official ribbon-cutting ceremony was held on May 16.

Jeff Carpoff had a lot to celebrate as friends and business associates gathered at his company’s Christmas party last year.

Iowa economic development officials are tentatively endorsing a tax credit for battery storage to complement the state’s wind and solar generation.

Go Electric Inc. is a specialist in energy resiliency solutions for microgrids and commercial & industrial customers integrating renewables and generators

Eos Energy Storage is manufacturer and supplier of the zinc-based Aurora 2.0 battery system for Duke Energy's McAlpine substation and as a behind-the-meter solution at the University of California, San Diego. 

8minute Solar Energy, NV Energy and the Moapa Band of Paiutes announced that NV Energy selected 8minute to develop the largest solar plus storage project ever built in Nevada and one of the largest in the world.