November 6th, 2014
This week’s “Top 5” includes more than 250 MW of storage awarded by Southern California Electric, 10 000 residential systems that will be installed by Toshiba, a 1 MW project for Axion in Pennsylvania, $37m in funding for Aquion and a price data point from Imergy Power.
1. Southern California Electric selected five companies to provide more than 250 MW of storage by 2021. This comes in response to the Local Capacity Requirement RFO issued by SCE in September last year to replace generations units coming off line and which called, among other resources, for 50 MW (and up to 650 MW) of storage. This RFO is not part of the 1.325 GW storage procurement target in California.
The winners are:
– AES for 100 MW of grid storage
– Stem for 85 MW of behind-the-meter storage
– Advanced Microgrid Solutions for 50 MW of behind-the-meter storage
– Ice Energy for 25.6 MW of behind-the-meter thermal storage
– NRG Energy for 500 kW of grid storage
2. Toshiba will supply 10 000 10 kW/ 9.9 kWh storage system based on its SCiB li-ion battery to Eneres Co by March 2016, for installation on end-user’s sites. The program is “Supported by Japan’s New Energy and Industrial Technology Development organization (NEDO), under its program for “Development of Large Scale Energy Storage System with High Safety and Cost Competitiveness”.
3. Axion will connect its PowerCube [1 MW, 30 minutes] to the largest solar farm in Pennsylvania. The solar farm will be 9.1 MWp and will sell Coatesville Area School District (CASD) through a 25-year solar power purchase agreement (SPPA). The battery will also provide frequency regulation to PJM.
4. “Aquion Energy, Inc., […], today announced the closing of a tactical $36.8 million Series E financing round which will support growing customer-facing resources, scaling production, and deploying projects with partners worldwide.”
5. According to Imergy Power CEO, its new flow battery costs around $300/kWh.