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...]

Facebook and Microsoft Seed $50M Fund for Energy Access Microgrids

energy access microgrids

Facebook and Microsoft are seeding a new $50 million investment fund to create profitable business models for energy access microgrids in areas of the world that lack electricity. Launched April 3, the Microgrid Investment Accelerator (MIA) will initially focus on projects over 5 kW in India, Indonesia and East Africa. Alexia Kelly, CEO of … [Read more...]

Why Energy Blockchain Intrigues Big Players Like Siemens

energy blockchain

Not so long ago energy blockchain technology had the futuristic feel of flying cars or colonies on Mars. But that has changed in recent months as credible players step in to test the transaction platform. Among them is energy giant Siemens, which formed a partnership in November with a startup, LO3 Energy, to figure out how to make energy … [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...]

Horizon Power’s Plan to Become the Leading Company for Microgrids in the World

leading company for microgrids

RenewEconomy’s Giles Parkinson describes an effort by Australia's Horizon Power to reduce fossil fuel subsidies and become the leading company for microgrids in the world. The Australian government’s official position on fossil fuel subsidies is that it doesn’t pay any. Leaving aside the unmet environmental and climate costs of burning fossil … [Read more...]

The Growing Revenue Opportunity Attached to Microgrid O&M

microgrid O&M

With more microgrids comes the need for more microgrid O&M (operations and maintenance) services. Navigant Research's Peter Asmus describes the growing market opportunity for these services. Navigant Research’s past market forecasts have focused on investments into the microgrid development value chain. This spending on the actual … [Read more...]