Battery Energy Storage Systems (“BESS”) have become more and more a part of the advancement and enhancement in infrastructure and energy investment strategies, not to mention a mission critical component for value creation in the energy transition, and they provide much-needed stabilization for the grid, typically at a reduced investment compared to building new large scale infrastructure in many areas. This is a “bigger is not always better” scenario. I am a firm believer, borne out by a lot of experience, that the solutions for the “energy transition” are many-fold, and a little bit of everything will be needed. With that in mind, if you wanted to make a single bet as to where an incredible amount of value will be created in the coming years, I would argue that behind-the-meter as well as smaller scale distributed grid-side BESS would be it. This is a spot where every side of the value chain benefits, provides true value (not just financial engineering or deal structuring), where you’ll see continued regulatory and legislative enhancement to support it, continued and new tax incentives at the state and local level, utility programs to encourage it, more new well-paid jobs being created, technology improvements both in equipment and software, and so much more. This short primer on behind-the-meter (BTM) BESS is a good and simple read as to how it all works and where some of the opportunities are to create value with a BESS system. I look forward to continuing to support cutting edge businesses and sponsors in the deployment of these vital assets and evolving business models! #bess #btm #batteries #energytransition #infrastructure #gridstorage #energystorage #infrastructureinvestment #DERs #renewableenergy #gridstabilization #batteryenergystoragesystems #investment #vpp #virtualpowerplants #itc #stateincentives https://lnkd.in/emwzSQ8w
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Trina Storage Achieves Tier 1 Status for Three Consecutive Quarters by BloombergNEF Trina Storage, a leading provider of integrated energy storage solutions, is proud to announce that it has been recognized as a Tier 1 energy storage supplier by Bloomberg New Energy Finance (BloombergNEF) for three consecutive quarters. This prestigious recognition is a testament to Trina Storage’s comprehensive capabilities and its active contributions to the global energy transition. BNEF’s Tier 1 status is awarded to manufacturers that meet rigorous standards for product performance, bankability, and customer satisfaction. Trina Storage’s strong financial health, cutting-edge technology, and extensive project portfolio have positioned it as a trusted leader in the energy storage industry. Innovative Solutions […] Read the full story here: https://lnkd.in/dNm5jfYW #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #asia #energystorage #renewableenergy #solarenergy #trinastorage
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As the energy generation mix changes with the introduction of renewables, distributed energy resources, and battery storage, and unprecedented load growth pushes the limits of many utilities' capacities, an all-hands-on-deck approach to ensuring reliability is going to make the difference. Stephen Haubrich and Cristin Lyons published this article in collaboration with Energy Central. Read more here >> https://lnkd.in/e7MYfY2g #DERs #RenewableEnergy #CleanEnergyTransition #EnergyReliability #IntegratedSystemPlanning
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Energy storage industry sees 117% increase in corporate funding in H1 2024: Mercom. Storage deal volume reached $15.4 billion in the six months ending June 30, but funding for smart grid companies dropped 11% to $1.8 billion, Mercom Capital Group said. Total global corporate funding for energy storage companies grew by 117% year-over-year in the first half of 2024 to reach $15.4 billion across 64 deals, Mercom Capital Group said Wednesday. Total corporate funding for the smart grid industry, which includes advanced grid controls and electric vehicle charging, declined by 11% to $1.8 billion raised in 33 deals during the same period, according to Mercom’s H1 and Q2 2024 funding and mergers and acquisitions report for energy storage and smart grids. “Despite high interest rates and uncertain macroeconomic conditions, the energy storage sector has shown remarkable resilience and growth, driven by technological advancements and supportive policy frameworks” like the U.S. Inflation Reduction Act and California’s NEM 3.0 net billing tariff, Mercom’s report underscores the continued rapid growth of the energy storage industry. U.S. battery deployments jumped 84% during Q1 2024 in a first-quarter capacity record, setting the stage for nearly 13 GW in forecasted capacity additions in 2024, Wood Mackenzie said last month. TNi Energy-BESS 1.20MW 10HR LDES, we've innovated a groundbreaking method that repurposes recycled lead-acid batteries, extending their life span to 25 years for C1 to C20 Energy Storage purposes. Previously, the industry lacked a safe and environmentally conscious alternative to lithium | sodium-ion batteries. However, our proprietary technique reveals that lead-acid batteries are not only SAFER but also 60-75% more cost-effective than their hazardous counterparts. Made in the USA #TNiEnergy,#10HRLDES,#ELDES,#C1toC20,#nebulositycloud, #BESS,#C3Energy,#Energy, #ZEROemmissions, #ZEROcarbon, #energytransistion, #LeadAcid Battery, #windpower, #solarpower, #VPP, #MicroGrid, #DERM, #HydroPower
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Thanks Wood Mackenzie Power & Renewables for analyzing and reporting on the record-breaking growth in the U.S. energy storage market. Through Q1 2024, deployments reached 8.7 GW and achieved a 90% year-over-year increase, with significant contributions from California and Texas. Key Highlights: Grid-Scale Storage: Nearly 4 GW were installed in Q4 2023 alone, shattering previous records. Residential Storage: Achieved a new quarterly high with 218.5 MW deployed, underscoring robust consumer uptake of #batteries. Price Trends: Significant declines in lithium battery cell prices are making batteries and electric vehicles more accessible. The surge in energy storage not only bolsters grid resilience but also paves the way for the proliferation of virtual power plants. Swell Energy is proud of our work to deploy energy storage while creating new value for customers and utilities through a variety of VPPs and different grid service models. Read more here: https://lnkd.in/gfXJQ6w6 #EnergyStorage #RenewableEnergy #Sustainability #CleanTech #WoodMackenzie
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The increasing demand for electricity, combined with the rapid advancement of renewable energy sources, has spurred the need for a larger, more dynamic, and bidirectional electric grid. Consequently, electric utilities are seeking strategies to transform and modernize grid infrastructure. https://lnkd.in/dzU9zPaW
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Via ESN: " Scale Microgrids and Dispatch Energy get new capital for increased distributed storage deployment: Scale Microgrids and Dispatch Energy, two US commercial and industrial (C&I) distributed generation and storage providers, have secured new capital for growth through acquisition and capital commitments, respectively. " #EnergyStorage #Energy #BatteryStorage
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🚀 Exciting News! The U.S. energy storage market has experienced an unprecedented 90% growth year-over-year, setting new records across all segments! California and Texas are leading the charge, contributing to 77% of the Q4 additions. This remarkable expansion is driven by decreased costs, improved supply chains, and steady demand. For an in-depth look at this booming industry and what it means for the future of energy, check out the article linked in the comments below! 🔽 #EnergyStorage #Sustainability #RenewableEnergy #Innovation
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As battery energy storage system costs plunge, energy price volatility is shortening payback times for storage solutions. This shift, driven by a surge in intermittently generating renewables, and ongoing innovations in battery manufacturing, marks a pivotal moment for energy markets worldwide, write George Hilton PhD and Henrique Ribeiro of S&P Global The post BESS are becoming more attractive appeared first on Energy Storage. #energystorage #news #technology
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⚡️ Key Takeaways from RE+ 2024! ⚡️ At North America's largest energy storage event, industry leaders discussed the transition to ESS 3.0, making storage a core part of grid infrastructure. 🌍📈 Concerns over thermal runaway risks, regulatory changes post-election, and the need for a stronger, unified clean energy marketing approach were hot topics. 🔥 🔍 Efficiency, reliability, and safety are front and center as battery storage expands rapidly. Exciting times for the energy sector! 🚀 #EnergyStorage #REPlus2024 #CleanEnergy #BatterySafety #GridReliability #Renewables #EnergyTransition #ESS #EnergyInfrastructure #ThermalRunaway #RegulatoryUncertainty
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