Remove Hydropower Remove Investment Remove Lithium Remove Nuclear Power
article thumbnail

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.

Batteries 130
article thumbnail

? 2023’s Most Headliney-Headlines #178

Climate Tech VC

💨 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. ☢️ US nuclear power saw mixed results.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

'This is a natural gas market crisis': Why energy markets could be set for three more years of turmoil

Business Green

The global economy could face many more years of energy market turbulence if governments do not take steps to turbocharge their clean energy and technology investments, the IEA has warned. Today, it is natural gas; tomorrow, it could be something else, such as lithium," he reflected.

article thumbnail

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

GreenTechMedia

All of these benefits can be captured with solar, wind, existing hydropower and lithium-ion battery technologies at projected 2030 prices, he added. It co-optimizes grid capacity investments and hourly operations costs of generation, storage, and transmission to meet projected electricity demand in 2040. transmission grid.

article thumbnail

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.

article thumbnail

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

GreenTechMedia

Duke has shifted the $2 billion it planned to invest in the canceled Atlantic Coast Pipeline project to more clean energy and grid investments to reach its goal to double its share of renewables from 8 gigawatts to 16 GW by 2025. Bipartisan promise for infrastructure investments and regulatory reform.