Tech pioneers see opportunity to reshape the energy grid using electric vehicles
With millions of plug-in electric vehicles expected to hit the highways over the next 10 years, innovative technology developers are seeking ways to use the storage potential of EVs to improve energy-grid efficiency and turn a profit. While projections show that vehicle-to-grid technology will remain a fringe market for the foreseeable future, totaling just $20 million by 2025, pioneering firms are likely to expect a big payoff for their investment as more renewable energy sources come online. CleanTechnica
(3/12)
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Finnish Fortum finalizes $6.9B sale of its Swedish electric business
The Finland-based utility Fortum has announced that it has reached an agreement with a consortium to sell its Swedish power grid. The group includes Canada's Borealis infrastructure investment arm of the OMERS pension fund and Swedish pension funds Folksam, Forsta AP-Fonden and Tredje AP-Fonden. The $6.9 billion deal will allow Fortum to focus on power generation and combined heat and power production, the company says. Reuters
(3/13)
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SolarCity debuts microgrid integrated energy-storage solution
SolarCity is breaking into the commercial energy market with the launch of its microgrid product that integrates energy-storage solutions and capabilities. SolarCity's Daidipya Patwa says the new offering is targeted toward municipalities and will help customers from the design phase through installation, commissioning, service and maintenance. Breaking Energy
(3/16)
Renewables push to drive spike in distributed energy assets
Growing demand for renewable energy is leading to increased interest in distributed energy storage, but optimizing the momentum will require a commitment from policymakers, a report finds. According to the Interstate Renewable Energy Council's Sky Stanfield, "Distributed energy storage has enormous potential to be a vital tool for states that seek to expand the use of renewable energy," but regulators need to pave the way by updating interconnection standards and facilitating new rate structures and markets for services. North American Windpower online
(3/16)
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Dutch-owned TenneT plans multibillion-dollar infrastructure push
European grid operator TenneT said it will shell out more than $20 billion on new infrastructure, primarily in Germany, as it seeks to facilitate a transition away from a reliance on fossil fuels. The investment will include construction designed to bring offshore wind power to south Germany to replace retiring nuclear energy assets. Reuters
(3/13)
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You cannot shake hands with a clenched fist."
-- Indira Gandhi, prime minister of India
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