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Con Edison Contracts Its Biggest Battery to Date in New York City

GreenTechMedia

New York utility Con Edison has signed its biggest energy storage contract to date, a 100-megawatt/400-megawatt-hour lithium-ion battery project that will help balance a grid facing rising levels of offshore wind and other renewable power in the years to come. In New York City, the biggest battery is the 4.8

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Pumped Hydro Moves to Retain Storage Market Leadership

GreenTechMedia

Recent years have seen energy storage installations dominated by lithium-ion battery technology around the world. This week, the International Hydropower Association and the U.S. Because of this, “It isn’t easy to build new projects,” said Alejandro Moreno, director of hydropower and marine energy at U.S.

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Can Gas-Fired Power Plants Coexist with a Net-Zero Target? Yes, Southern Company Insists

GreenTechMedia

Opponents of new natural gas power plant construction argue that the falling cost of renewable energy paired with batteries is undercutting the business case for natural gas-fired peaker plants, leaving them at risk of becoming stranded assets unable to recover the costs of building them. Department of Energy.

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? 2023’s Most Headliney-Headlines #178

Climate Tech VC

conditional commitment to Ford’s battery manufacturing program. 💨 Private equity and O&G bet big on climate tech’s next frontiers: DAC and lithium. Blackrock injected $550M into Oxy’s DAC plant and ExxonMobil unveiled its first-ever lithium mining operation.

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MIT Study: Transmission Is Key to a Low-Cost, Decarbonized US Grid

GreenTechMedia

wide transmission build-out could also slash the costs of reaching a zero-carbon grid with wind, solar and battery technologies that are cost-effective today. All of these benefits can be captured with solar, wind, existing hydropower and lithium-ion battery technologies at projected 2030 prices, he added.

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A 21st-century reinvention of the electric grid is crucial for solving the climate change crisis

Renewable Energy World

The original foundation was a combination of “base load” coal plants that operated 24 hours a day and large-scale hydropower. Beginning in 1958, these were augmented by nuclear power plants, which have operated nearly continuously to pay off their large capital investments. However, new nuclear plants in the U.S.

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Duke Energy Will Play ‘Pivotal Role’ in North Carolina Clean Energy Debate, CEO Says

GreenTechMedia

The IRP’s base-case scenario, set to reduce emissions by 50 percent to 55 percent by 2030 through new renewables and retiring its roughly 10,000 megawatts of coal-fired power plants, can be done “under existing statutes,” Good stated. ” Duke's decarbonization plans haven't been embraced by all stakeholders.