Energy storage is evolving to be an essential part of the energy transition given its ability to provide power on demand and optimize grid performance amid the proliferation of intermittent renewable energy resources.
The Department of Public Service (DPS) on April 4 released the third State of Storage report affirming expansion in reaching New York’s energy storage target of 3 gigawatts (GW) by 2030, with a provisional objective of utilizing 1.5 GW by 2025. As of the end of 2021, total utilised and awarded projects increased 4 percent…...
U.S. power generation from renewables will expand from 21 percent in 2021 to 44 percent in 2050, according to a March 18 report from the U.S. Energy Information Administration. The growth in renewable energy can be attributed to a rise in new wind and solar power generation assets. Growth in wind and solar assets is…...
Oil and natural gas will remain the dominant sources of energy in the U.S. through 2050, according to the Energy Information Administration’s 2022 annual energy outlook released on March 3. U.S. petroleum consumption is expected to grow by 0.5 percent per year to 22.3 million barrels per day by 2050 and domestic gas consumption by…...
The U.S. Energy Department on Feb. 22 announced $150 million in funding to advance projects that would enhance efficiency and cut emissions from energy technologies and manufacturing. Researchers will use the grant to conduct projects supporting the agency’s 2021 Energy Earthshots Initiative targets to improve clean energy technologies within the next decade, including hydrogen technology,…...
The U.S. Energy Department on Feb. 11 announced $2.91 billion funding to enhance manufacturing of innovative and advanced batteries, to expedite the growth of net-zero or emission-free future industries. The funding intends to support the entire value chain of battery manufacturing from refining and production to packaging and recycling facilities, and simultaneously create sustainable energy…...
The Minnesota Public Utilities Commission on Feb. 8 approved Xcel Energy Inc.’s 2019 integrated resource plan, which outlines investments between 2020 and 2034. In the approved plan, the utility seeks to acquire or build up to 4,650 megawatts of renewable energy resources by 2032, including solar, wind, and storage. Xcel’s plan is expected to lower…...