By Rudy Wynter, President and COO of the Wholesale Networks and U.S. Capital Delivery group, National Grid
As the cost of energy storage continues to decline, more and more utilities will turn to batteries. According to Bloomberg New Energy Finance, the levelized cost of energy for lithium-ion batteries configured to supply four hours of grid power — a standard requirement for many grid services — has fallen by 74 per cent since 2012. Costs for those batteries is projected to drop even further – by as much as 67 per cent by 2030, the National Renewable Energy Laboratory found in a recent study. Such a precipitous decline will only make storage a more valuable tool for utilities and others.
Strategic Directions Report reinforces the need for the industry to evolve
OVERLAND PARK, Kan., August 13, 2019 /3BL Media/ – Electric utilities are navigating one of the industry’s most dynamic times across diverse geographies and stakeholders, presented with a mix of opportunities as they work to meet changing customer demands along with the need to deliver reliable, resilient power, Black & Veatch’s new 2019 Strategic Directions: Electric Report finds.
OVERLAND PARK, Kan., August 6, 2019 /3BL Media/ – Following the announcement of Black & Veatch’s global Power business restructuring in July, the company today announced the completion of its global Power leadership team. The appointments strengthen the company’s full portfolio of engineering services to full turnkey EPC solutions as clients address the rapidly evolving Power market landscape.
Portfolio to participate in ISO-NE Wholesale Markets
August 2, 2019 /3BL Media/ — ENGIE Storage 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.
Improves Returns, Reduces Risk, and Enhances Bankability for Solar + Storage Projects
BOSTON, August 1, 2019 /3BL Media/ — ENGIE Storage has unveiled a new, highly-integrated supply and services offering for developers of in-front-of-the-meter (IFOM) solar and energy storage projects in New England and emerging markets. Comprising energy storage system design support, supply, operations, performance guarantees, and payments for rights to participate in ISO-New England wholesale markets, the offering dramatically improves project economics, reduces risk, and enhances bankability for solar + storage projects.
Purchase Enables ENGIE to Unlock More Value From Distributed Storage and Solar Portfolios
HOUSTON, July 31, 2019 /3BL Media/ – Houston – ENGIE North America Inc. announced the acquisition of Genbright LLC of Hingham, MA, a company pioneering the integration of distributed energy resources into wholesale electricity markets. The purchase enables ENGIE and its DER businesses, including ENGIE Storage, to further the adoption and growth of DERs within markets throughout the United States.
New eBook outlines eight steps to help managers select technologies, plan for power delivery and construct charging facilities
OVERLAND PARK, Kan., July 25 2019 /3BL Media/ – Driven largely by economics, rising air pollution from vehicle emissions and new advances in technology, transportation is transforming and becoming more sustainable, competitive and innovative. U.S. sales of passenger electric vehicles have soared in the last decade. Now, as automakers prepare for mass production of a new line-up of medium- and heavy-duty electric vans, buses, delivery trucks and semi’s, smart fleet and sustainability managers are taking notice.
High U.S. ranking reflects company’s comprehensive global solar installation capabilities
OVERLAND PARK, Kansas, July 24, 2019 /3BL Media/ – With renewable energy expected to be the fastest-growing source of new U.S. electricity generation for the next several years, Solar Power Worldhas named Black & Veatch among the top U.S. solar contractors, ranking the company sixth of 415 installers on the magazine's 2019 “Top Solar Contractors” list.