Stocks of clean-energy companies are proving to be better investments than those of companies that produce most of the Western Hemisphere's power, and are outperforming the rest of the stock market as well.

The evidence is found in the New York Stock Exchange Bloomberg Americas Clean Energy Index. Its 141 companies, all based in North and South America, returned 32.62 percent in the past two years. In contrast, the 40 conventional-energy companies in the Standard and Poor's 500 Energy Index returned 1.02 percent over the same period, according to data compiled by Bloomberg.

Clean energy also is beating the rest of the stock market. The Clean Energy Index is up 6.02 percent so far this year. Lagging behind are both the S&P 500 and the Russell 3000 Index, which gained 3.12 percent and 3.86 percent respectively in 2015.

Engineering firm Lahmeyer International GmbH and sub-consultant Manitoba Hydro International have been awarded a contract by Tanahu Hydropower Ltd. to provide a number of services associated with the development of the 140-MW Tanahu pumped-storage project in Nepal.

Development-ready sites, with existing reservoirs for new pumped hydro energy storage plants, offer generation potential of 2,291 GWh, according to a newly released report from the eStorage Project.

Hydroelectric power developer Snowdonia Pumped Hydro has withdrawn its application for environmental permits for the 99.9-MW Glyn Rhonwy pumped-storage plant from Natural Resources Wales.

Construction resumed Oct. 4 on tunnel works after a brief work stoppage that began on Sept. 28 at the 20-MW Lower Modi Khola run-of-river hydropower facility.
 

The first power has been produced at the MeyGen tidal power site in Scotland, according to project developer Atlantis Resources Ltd.

Only time will tell whether this is right, but EV adoption is clearly rising both on the individual and fleet fronts. Utilities such as Southern California Edison and Ameren, among many others, are working to build EV charging infrastructure and align power distribution in a way to handle it.

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

The partners will work together to develop projects in Spain, the Middle East and South Africa. The projects could add several gigawatt hours of storage capacity by 2022.

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.

Italy must more than double its capacity to store electricity if it wants to slash pollution from burning fossil fuels, the head of the nation’s power transmission network said.

Clean-energy visionaries have long argued that the world needs a better battery capable of selling skeptical consumers on electric cars and running the grid on renewable power. And yet the battery of the future—at least for the coming decade—will almost certainly be the battery of the past.

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.

Through its exclusive distributor in China, Puxing Energy, NEC developed two 9-MW battery facilities providing frequency regulation for the Hang-Jin and Feng-Run power plants located in Ordos City, Neimongol Province and Tanshan City.

On Thursday, US Congressman from Pennsylvania Mike Doyle introduced a bill that would establish a federal investment tax credit (ITC) for energy storage. The legislation would allow energy storage project developers, both commercial and residential, to receive a 30 percent tax credit for large-scale, commercial-scale and residential-scale storage projects through 2021.

There are a total of about 530,000 potentially feasible pumped hydro energy storage sites worldwide, with a total storage potential of about 22 million GWh. These astonishing numbers come from a report recently released by Professor Andrew Blakers and other researchers with Australian National University’s RE100 Group.

Genex Power Limited has secured all environmental approvals required to develop the 250-MW Kidston Pumped Storage Hydro Project (K2-Hydro).

Experiments have shown the ability to store ten-times the capacity of water, and for months on end. It is hoped the technology will help overcome any weather-related fluctuations in renewable generation from wind or solar.

Last Friday evening in Surprise, Arizona a storage facility owned by Arizona Public Service (APS) exploded, injuring four firefighters. Reporter for azfamily.com, Maria Hechanova, visited the scene yesterday and reported that the explosion happened while four hazmat firefighters from Peoria were working to extinguish a battery fire at the facility.

This week New York Governor Andrew M. Cuomo announced that $280 million of support is available for energy storage projects.

The insurance industry has lots of exposure to climate change. But as Warren Buffet has explained, not so much for companies that do annual policy adjustments, like Berkshire Hathaway. Their exposure is limited because the trends are baked into the premiums. But there is an opportunity for reducing insurance risk due to climate change, and it comes from the insurance industry itself. The business model is to have car insurance salespeople provide leads to virtual electric car charging services. This has perfect demographics because electric vehicle owners are very receptive to solar electricity. Who wouldn’t want a clean transportation solution with local job creation that can’t be offshore?

Yesterday during an earnings call, Danish offshore wind giant Ørsted announced that it has entered into an agreement to acquire a subsidiary of US-based Coronal Energy a developer of large-scale solar and storage projects. Ørsted’s CEO and President Henrik Poulson said that Coronal is “a nationwide solar and storage developer with a significant pipeline of solar and storage projects” and that the acquisition will expand “our capability platform and exposure to new attractive regional markets.”

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

This week, Enel S.p.A. announced the opening of its newest Innovation Hub in Boston at Greentown Labs, the largest cleantech startup incubator in the United States. The Hub will provide Enel, one of the world’s leading power companies, access to Greentown Labs’ startup community and innovation expertise.

Two companies have come up with a potential solution to help mitigate power outages in California. Recent state utility proposals have called for new measures that would allow California utilities to increase the quantity and duration of Public Safety Power Shutoffs (PSPS) as part of their wildfire mitigation plans. These PSPS, while important, can have severe impacts on businesses, hospitals and others who need reliable power.

The United States in 2019 will become the world’s largest market for grid-connected battery energy storage, as solar-plus-storage and peaking capacity requirements drive increased procurement, according to IHS Markit.

For Elon Musk and Tesla Inc., the blows from Wall Street came one after another this week -- a relentless barrage that left the stock so beat up that some now wonder if it can ever regain its status as the ultimate 21st century disrupter.

The 2.25 MW/4.5 MWh project will be situated in Johnson City, Texas. Aggreko software will manage the battery system, which will provide services into grid operator Electric Reliability Council of Texas.

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.

Herbert was joined by Mitsubishi Hitachi Power Systems (MHPS) and Magnum Development at the event to detail the Advanced Clean Energy Storage (ACES) project in central Utah. They called it the largest such energy storage project in the world.

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

The energy storage resource is expected to help lower energy costs for National Grid’s customers in upstate New York

Duke Energy Florida (DEF) announced three battery storage projects, totaling 22 megawatts, that will improve overall reliability and support critical services during power outages, according to the company.

Genex Power Limited has signed a share subscription agreement (SSA) with Electric Power Development Co Ltd, trading as J-POWER, for a conditional investment of up to AUD$25 million (US$17.5 million).

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.

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.