New York Allots $15.5M to Fund Energy Storage Projects

NYSERDA

Energy storage companies, as well as other stakeholders, in New York have a new opportunity as of this week. The New York State Energy Research and Development Authority (NYSERDA) announced that it has made $15.5 million available to fund energy storage projects to support the electric grid. The funding will go toward energy storage that can … [Read more...]

Three Ways Fuel Cell Microgrids Lower Energy Cost

fuel cell microgrids

Businesses and institutions install fuel cell microgrids for many reasons. Driving down energy costs is a big one. Here we look at three ways fuel cell microgrids create financial advantage: By competing with utility pricing Through favorable financing models that reduce customer risk In achieving efficiencies through use of … [Read more...]

Newport, Rhode Island’s Microgrid Ambitions: Small City, Small State, Big Plans

Rhode Island's microgrid

There is nothing small about Rhode Island’s microgrid ambitions. The state has hired a consultant to develop a statewide microgrid project. The project wrapped up at year end 2016, and the report on that effort is being compiled and is expected by the end of April. But even before the state began looking at microgrids, the city of Newport … [Read more...]

Demand Energy Brings Pioneering Solar Plus Storage Microgrid to New York City

solar plus storage microgrid

Demand Energy is set to begin operating a pioneering solar plus storage microgrid that achieves several firsts for the New York City power grid. News of the project milestone comes just three months after Italian utility giant Enel acquired Demand Energy, a move that made a splash in the microgrid industry and significantly changed the fortunes … [Read more...]

New Investment Firm to Finance Microgrids with an Initial $30M

finance microgrids

First comes government support for new energy technologies. Then, if the technology proves out, come private investors. So it's significant to note the launch this week of a new private firm to finance microgrids. Crescendo Power has formed to offer an initial $30 million in equity financing for commercial and industrial microgrids and … [Read more...]

Behind the Rise of Microgrids: News from PJM, Navigant & Macquarie Capital

rise of microgrids

The impetus behind the rise of microgrids Many trace today’s rise of microgrids, energy storage, and distributed energy to the opening of competitive electricity markets. So, it’s worth noting that PJM, the nation’s largest grid operator, is celebrating its 20-year anniversary of operating competitive wholesale power markets. Known in … [Read more...]

NY Prize Announces Stage 2 Microgrid Winners; Sweetens the Pot by $50M Per Finalist

microgrid winners

In a much anticipated move, Gov. Andrew Cuomo today announced the microgrid winners for Stage 2 of the NY Prize, as well as significant new financial support for those who go on to win in the third and final stage. Each of the 11 microgrid projects that won Stage 2 will receive $1 million, for $11 million in total, allotted as part of a $40 … [Read more...]

What’s Got People Thinking about Microgrids this Week?

microgrids

The idea of microgrids looked pretty good on the East Coast this week Microgrids were probably on the minds of more than a few people this week when a blizzardy storm named Stella knocked out power to more than 440,000 electric customers in the Northeast and Mid-Atlantic. Outages occurred March 13-15 from Virginia to Nova Scotia. Dominion … [Read more...]

A Town Center Microgrid for Atlantic City? The City Council Seeks Funds

town center microgrid

The city council for Atlantic City, N.J, voted unanimously Wednesday to take the initial steps toward developing a town center microgrid to provide a safe haven for the community during disasters. In a 9-0 vote, the council approved a resolution to seek funding through the New Jersey Board of Public Utilities for a feasibility study. The BPU is … [Read more...]

Small Texas Microgrid Company Receives $10 Million Boost from Utility Investors

microgrid company

Texas microgrid company Enchanted Rock (ERock) has won $10 million in institutional financing from Energy Impact Partners (EIP), a consortium of global utilities. The investment comes as the small microgrid company makes its mark with an innovative business model, what it calls Demand Electric Reliability. ERock aggregates natural gas … [Read more...]