July 10th, 2015
This week’s “Top 5” includes the German government’s decision to keep coal power plants as back up, a 1.3GW pumped-hydro project on track in California, a 6.3m$ investment in SinoEV, a 2.4MW/3.9MWh project commissioned by NEC ES, and a PPA signed between ZBB and a university in Hawaii.
- « The German government announced its decision for the energy transition towards renewables : Some of the oldest coal-fired plants with a capacity of 2.7 GW shall become back-up plants. Besides the government wants to promote energy efficiency, speed up grid expansion and ensure that the decommissioning provisions made by the nuclear power operators cover Germany’s nuclear exit costs. »
- Eagle Crest Energy bought an old mine near Desert Center in California in order to transform it into a pumped storage electricity station that can bank energy from solar, wind and geothermal power plants for release during times of peak demand and to maintain grid stability. The plant should be able to produce up to 1300MW.
- ARENA, the venture capital fund managed by the Australian Renewable Energy Agency has invested $6.3 million in SinoEV (also known as Octillion in Australia), a US-based battery storage start-up with big plans for the battery storage market in Australia.
- « NEC Corporation and NEC Energy Solutions (“NEC Energy”) announced that they have completed the installation of a 2.4MW, 3.9MWh GSS™ grid energy storage site in Orange, California for utility Southern California Edison (SCE). The energy storage devices will be used primarily to provide grid support via circuit loading relief »
- « ZBB Energy Corporation signed a 20-year Power Purchase Agreement (PPA) with University of the Nations on the Island of Hawaii. The installation will feature 408kW of photovoltaic panels, Agile Hybrid batteries, and accompanying Matrix electronic power controls. »